Los Gatos Mountains Home Prices and Trends – 2012

Los Gatos Mountains Real Estate – Prices and Sales through December 31, 2012

104 Single Family Homes sold in Los Gatos Mountains in 2012, with an average sales price increase of 16.88% to $759,740; on an average list price of $787,838.     Compared to 2011, single family home sales increased by price and volume.   For the year 2011, the average home sales price in the Los Gatos Mountains was $650k, based on 91 closed escrows.

On average in this area, $750,000 will get you 3-4 bedrooms and 2 baths, averaging 2400 square feet, on anywhere from a ¼ acre to about a couple of acres.  Currently – there are just 24 homes for sale here.    However, half a dozen of those are multi-million dollar estates that have been on the market for quite some time.    For people look for an average priced home, there are about a dozen choices.    Click here if you’d like help finding your dream home in the Los Gatos Mountains!

The most expensive home sold in 2012 closed for $1,750,000.   The remodeled 3000+ square foot home with a 1000+square foot guest house, on gated acreage, sold within 2 months of being listed.   4 other homes sold at prices exceeding $1.5 million during 2012.

In contrast, the least expensive home sold for $140,000. This bank repo was among 4 homes which sold for less than $150k.

This chart illustrates the number of new listings which came on the market, versus the number of sales during each month.

New Listings versus Closed Escrows, by month

Homes are selling within 3-4 months of being listed, as this chart shows.

Days on the market until homes sold in the Los Gatos Mountains

The discount between list and sales price remains fairly narrow at about 3-5%; see below:

Discount between List Price and Sales Price in the Los Gatos Mountains

Click here to read more about the Los Gatos Mountains Community.

Click here to get a free, no obligation estimate of your home’s current market value.

Source: MLSListings.com – Single Family Residence closed escrows, zone 23

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