How’s the Belwood, Belgatos and Surmont real estate market?
How’s the local real estate market in east Los Gatos? Homes here are in a very active price point for Los Gatos generally, as well as for Los Gatos with Union schools. (You can also view homes for sale in our area here on BelwoodOfLosGatos.com under the “real estate” tab – or just use this link.)
Homes for sale, pending and sold/closed in the last 30 days in Belwood, Surmont and Belgatos neighborhoods:
Right now there are 5 houses for sale in Belwood, Belgatos and Surmont. Of them there are 4 “regular sale” properties available and one short sale in the neighborhood (2 on Westhill, 1 on Belhaven, 1 on Belblossom and the short sale on Belwood Gateway). One home, which was very affordably listed at $875,000, is sale pending. Additionally, a bank owned property or REO (real estate owned by the bank) is under contract.
How long have they been listed for sale? The two on Westhill just came on the market within the last few days. Two of the five have been available for about 60-70 days.
You can read the MLS info on each of them on my ValleyOfHeartsDelight blog.
How are prices? Four neighborhood homes have closed escrow in the last 30 days, with prices ranging from $975,000 to just under 1.2 million.
Months supply of inventory: To figure the months of inventory, you simply divide the actives by the solds (from the last month). We have 5 available and 4 which have closed – so 1.25 months of inventory. That looks pretty good but if you live in the area you know that these things tend to come in waves and just a month ago we had “infinite” months of inventory. So don’t get over excited about this and price your home too high – if houses are priced appropriately, they are selling. If not, they are sitting.
Below are live charts and graphs from Altos research for the 95032 zip code. They will automatically update themselves each week, so even if this post appears “old”, the info below will always be current!
Charts and graphs by Altos Research using active listings
|90-day stats for Single Family properties in|
LOS GATOS, CA 95032 as of June 29, 2018
|Median List Price:||$2,768,910||Average List Price:||$3,000,144|
|Total Inventory:||30||Price per Square Foot:||$920|
|Average Home Size:||3,064||Median Lot Size:||14,242|
|Average # Beds:||4.24||Average # Baths:||3.73|
|Homes Absorbed:||5||Newly Listed:||7|
|Days on Market:||35||Average Age:||45|
|90-day stats for Condo properties in|
LOS GATOS, CA 95032 as of July 13, 2018
|Median List Price:||$1,159,115||Average List Price:||$1,128,236|
|Total Inventory:||9||Price per Square Foot:||$741|
|Average Home Size:||1,407||Median Lot Size:||n/a|
|Average # Beds:||2.41||Average # Baths:||2.35|
|Homes Absorbed:||3||Newly Listed:||3|
|Days on Market:||19||Average Age:||43|