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.
Homes are selling within 3-4 months of being listed, as this chart shows.
The discount between list and sales price remains fairly narrow at about 3-5%; see below:
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