We happen to live on Bacigalupi Drive in Belwood of Los Gatos, a lovely street you might walk to get to Belgatos Park. A classmate of mine at Saratoga High School was a Bacigalupi and I have noticed that one of the old buildings in downtown Los Gatos is the Bacigalupi Building (it houses Mountain Charley’s, I believe – it is in the La Canada or Hofstra block near the corner of Main and North Santa Cruz). So I wondered, who were these people with the hard to pronounce name? (I can say it, but I speak some Italian!)
The Hooked on Los Gatos project was a collaborative project by the Library and History Museum which appears to have since become the Los Gatos Local History Research Collection. This collection includes page after page of online resources, including all the photos in their archives relating to the Bacigalupi clan. Clicking on each image leads to more information. For instance, here I found information on James A. Bacigalupi, Sr.
I was very impressed to learn that he was the first president of the Bank of Italy, and then worked with A.P. Giannini to form the Bank of America. He may not be the most famous Los Gatan, but he’s certainly a big deal! To the right, this photo features Mr. Bacigalupi with his family, in approximately the year 1922. Click on the image to visit the original photo on the Local History Research Collection page, see a larger image and learn more about the family in this image.
As you probably know, the 1989 Loma Prieta Earthquake did a great deal of damage to many of the older, historic buildings in downtown Los Gatos. The La Canada (Hofstra) block was no exception. The Los Gatos Chamber of Commerce reported on its “walking tour” page (which has since disappeared, but thankfully has been archived) after the quake, that block was restored by the Bacigalupi, Farwell, Brady and VanDalsem families, so we can thank them for their continued love of our town and its history. (On a side note, if you’re interested in a Los Gatos walking tour don’t despair! The old walking tour has been swapped with a high-tech model: LOST Gatos the walking tour App.)
Welcome to my site regarding a beautiful neighborhood in east Los Gatos, including Belwood of Los Gatos, Belgatos, Surmont, and adjacent tracts & subdivisions. Here I’ll provide ongoing real estate information, some events that are happening in the community, photos of Belgatos Park and other nearby areas, and items of concern to residents in this pretty corner of Los Gatos.
Please note that this is NOT the Belwood Homeowner’s Association website. For the HOA site, and phone numbers for the Cabaña or HOA, for lifeguard jobs, please visit BelwoodHomes.org
Enjoy this slideshow of photos of our scenic neighborhood.
Put on a costume and celebrate Halloween at the Belwood of Los Gatos cabana club, Sunday Oct 27th from 3- 6pm. Enjoy games, prizes, pizza, snacks & the spirit of All Hallows Eve. The featured event will be either a spooky haunted house or a movie, beginning at 6pm. Costumes highly encouraged!
Belwood residents and invited guests only, please. Free admission, donations appreciated.
Learn more at the Belwood Homes Halloween Party event page.
Volunteers needed! Find sign-up information through the link above.
Two Leigh High School students, Nathan Viskovich and Kylie Hansen, recently completed an English class project which aimed to have the participants create a positive impact in their community. The Belwood Beautification Project is the end result. Neighbors and friends were asked to donate time and / or money to help. The goal was to collect $2,000 by May 24th so that the volunteers can complete the project on May 26. The goal was exceeded, and the entry to the neighborhood now looks fantastic. Great project and kudos to these students!
You can read all about it and donate to the Belwood Beautification Project on the GoFundMe page.
What’s going on with the real estate market in the Belwood, Belgatos, Surmont, and nearby areas of east Los Gatos? Here’s a quick update of the year to date listings and sales activities, taken from the MLS.
Right now, there are 6 properties for sale in the neighborhood. That’s more than what has been normal in recent years. The stats for these active listings are as follows:
Average list price $2,286,333
Average square footage 2,906
Average lot size 16,194
Average days on market 19
Average price per SF $800.92
Average age 49
There is only one pending sale, and no properties at all in the area which closed in June. We had steady rate of sales closed earlier in the year: three in February, two in March, five in April, two in May.
For those tracking the absorption rate, which is the rate at which homes would sell if no new properties come on the market, this is a bit of a surprise. Zero homes (sold / closed in the last 30 days) divided by 6 active listings = an infinite months supply of inventory. Of course, it is not truly that dire, since there were 2 closings in late May and there’s one pending sale (went into contract June 15), but it does suggest that home buyers may have put the brakes on.
We are seeing this drop in sales activity across the valley in many areas, so it’s not just this corner of 95032.
Is it just a big rise in inventory that is causing the market to stall out a little? In some areas, homes have continued selling at the same pace, but with fewer offers over the last 6 weeks or so. Those areas may not have had as large an inventory jump as we have seen on the east end of Los Gatos.
Here’s a look at the inventory for single family homes for sale in 95032 with Campbell Union High School District (so Leigh or Westmont High) from July 2012 to July 2018.
Inventory is up, but not to an unprecedented degree. There were more in June, and June’s inventory was not too different from most of the recent years (2014 and forward).
A holiday week is often slow, so I would encourage people thinking of selling to not get discouraged. Part of what we are seeing could simply be a seasonal trend – summer is normally a bit of a “slowdown” period in real estate, with things picking back up again in early to mid September. Last year we did not see seasonality at all, as the market was raging hot through December.
If you are interested in buying or selling a home in east Los Gatos or anywhere in Silicon Valley, please reach out to me and we’ll find a time to talk and see if we might be a fit for working together.
The Belwood of Los Gatos community is hosting its annual Independence Day or 4th of July celebration and the details are announced on the Belwood HOA website. (Quick note: A parade begins at Cabana at 1pm. The neighborhood festivities run from 1 – 5 at the cabaña. Read all about it on the Belwood HOA site!)
Please note that since the weather is warm, dry, and windy, the risk of fire danger is high right now. A sign at Belgatos Park warns that viewing fireworks is strictly prohibited.
Got Facebook? If so, you might consider “liking” the Belwood Cabaña page on Facebook. They are great at keeping people updated on neighborhood events (this is not my page, btw). That’s where I first learned that the holiday is being celebrated in traditional fashion.
Another “Bingo and Movie Nights” is planned for this summer for cabaña members and residents of Belwood, Surmont and Belgatos on Tuesday, July 3rd will be Wonderwoman. Friday July 20th will be a Bingo AND movie night, with the featured film being Black Panther. There will be one more on Saturday, August 11th – the film is not yet announced.
Bring something comfy to sit on – blankets, sleeping bags, lawn chairs etc. Popcorn, cotton candy, and other treats are available for purchase!
For more information, keep an eye on the Belwood HOA website page for bingo and movie nights.