How is the Los Gatos real estate market doing?
Well, it is a bunch of micro-markets, really, even among the single family homes:
- the mountain areas (zip code 95033) are not really part of "The Town" (rather, county)
- in town, the area closest to downtown is the 95030 zip code and it has all "Los Gatos Schools"
- further out, the 95032 zip code is mostly non-Los Gatos Schools (and sells for less)
Once you add in townhomes and condos, it gets even more confusing!
In a nutshell: the mountain areas are selling pretty slowly and are usually not considered as part of Los Gatos proper. The 95030 and 95032 areas are a buyers market overall, with only one home in five selling. That said, the turnkey home "in the schools" that's between 1 and 2 million is selling pretty decently IF it's priced right.
What's not selling? That would include the very high priced homes (over $3 million it stalls out), odd architecture, oversized homes, expensive condos.
Want more? Please visit my Live In Los Gatos blog to see charts and graphs.
