How’s the real estate market in Belwood of Los Gatos, Belgatos, Surmont, and adjacent areas in east Los Gatos? I thought my neighbors might enjoy seeing how the first three quarters of 2019 have been going. The Silicon Valley real estate market has been decent in 2019, but not like the first half of 2018, which was the peak of the market. You can get info for all of the town’s realty market conditions here (on the Live in Los Gatos blog): Los Gatos real estate statistics and market trends. The map below represents homes for sale (green houses), pending (orange house – hard to see since a red one is on top of it – far left side of the image), and properties which are sold and closed (red houses). They are fairly well spread out.
Most of the sales, 9 out of 12, were sold for between $1,615,000 and $1,960,000. Two properties sold in the low $2 millions, and one, a large home with acreage, sold for $3.1 million.
In the image below, DOM stands for Days on Market, meaning the number of days between when the house was listed on the mls and seen publicly to when it was a contingent or pending sale. Of the 12 sales, 5 sold in 14 days or less (the 0 for one of them suggests an off market sale). Four others sold within 1 month. With 75% of the solds here pending within a month, it’s a pretty decent real estate market in this corner of Los Gatos.
The houses which usually sell the fastest have a few things in common.
- they are priced aggressively, usually a little low
- they show well – uncluttered, cleaned,in good shape / updated (or remodeled), and frequently professionally staged
- they are easy to show (short notice or vacant “go direct”)
- they are well marketed with professional photographs (after price, photos are the most important element to a successful marketing campaign), solid pre-sale inspections
Want to buy or sell a home in the area in the coming months? Please reach out to me – I’m happy to meet with you confidentially, no obligation, no pushing ever.
Interested in nearby areas in Santa Clara County? Check out neighborhood descriptions and real estate markets for various areas such as Almaden Valley, Cambrian, Campbell, Saratoga, Willow Glen, Cupertino, and more at the Valley of Heart’s Delight blog (https://sanjoserealestatelosgatoshomes.com/).