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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