Los Gatos Annual Real Estate Trends
| SINGLE-FAMILY HOMES |
% Change from Year Before |
| Area |
Year |
Sales |
Median Price |
Average Price |
DOM |
New Listings |
Sales |
Median Price |
Average Price |
New Listings |
| LG |
1997 |
359 |
$550,000 |
$641,487 |
66 |
611 |
|
|
|
|
| LG |
1998 |
376 |
$660,000 |
$735,738 |
55 |
687 |
4.7% |
20.0% |
14.7% |
12.4% |
| LG |
1999 |
391 |
$730,000 |
$863,248 |
66 |
575 |
4.0% |
10.6% |
17.3% |
-16.3% |
| LG |
2000 |
337 |
$925,000 |
$1,157,133 |
40 |
538 |
-13.8% |
26.7% |
34.0% |
-6.4% |
| LG |
2001 |
232 |
$925,000 |
$1,164,241 |
65 |
731 |
-31.2% |
0.0% |
0.6% |
35.9% |
| LG |
2002 |
309 |
$955,000 |
$1,096,678 |
71 |
706 |
33.2% |
3.2% |
-5.8% |
-3.4% |
| LG |
2003 |
310 |
$970,000 |
$1,113,078 |
90 |
717 |
0.3% |
1.6% |
1.5% |
1.6% |
| LG |
2004 |
466 |
$1,165,000 |
$1,294,057 |
61 |
905 |
50.3% |
20.1% |
16.3% |
26.2% |
| LG |
2005 |
413 |
$1,251,000 |
$1,366,305 |
56 |
823 |
-11.4% |
7.4% |
5.6% |
-9.1% |
DEFINITIONS
- Med. Price
- Median Price is that at which 50% of properties sold were above that price and 50% were below.
- Ave. Price
- Average Price is the sum of all prices divided by the number of sales.
- Ave. DOM
- Average Days on Market is the average time it took to sell all properties.
- Newly Listed
- How many properties came on the market in the given time period.
Info by Rick Campbell of The RE Report (a subscription I have)
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