Home sales in our corner of east Los Gatos have been fairly brisk overall. Homes under $2 million and on quiet, interior roads pretty much fly off the market. Properties on streets with a lot of traffic or properties offered at more than $2 million are much, much harder to sell here. Here’s a look at the 2013 year to date home sales in our area so far. The one on Alerche was my listing. (Please click on the image below to see larger version.)
Interested in knowing what your home’s probable market value is with today’s market? Please give me a call or write me an email and I’ll be very happy to preview your home and provide you that information with no obligation: 408 204-7673 mary (at) popehandy.com. I’m a 20 year real estate veteran in Los Gatos, a top producer, and a Belwood resident since 1999.
Houses in the Belwood, Belgatos, Surmont and nearby areas priced under $1,500,000 are selling at a very healthy rate, many with multiple offers and significant overbids. In the last year or so, there have been 18 sales of single family homes in this area (see map at right). Of those, 16 were on the open market of of those 16, 13 sold for more than list price.
Two properties sold “off market”, or not on the multiple listing service with a real estate professional involved. One of them was a sale from a landlord to tenants already in the property. The other was an off market short sale.
As of this writing, there are 2 pending sales in the neighborhood, both between $1.2 million and $1.5 million.
Additionally, there are 3 properties available for purchase. They range in price from $2.4 million and $2.8 million, and all have been on the market for more than a month.
Below, please have a look at what has sold – street names rather than precise addresses are used to provide privacy to the owners.
Interested in selling your east Los Gatos home? Please call or email me for a confidential, no obligation consultation today.
Mary Pope-Handy firstname.lastname@example.org 408 204-7673
Los Gatos housing inventory may well be at an all time low. For other blogs, I crunch the real estate numbers regularly and can tell you that in the last 15 years (for which I can get MLS statistics) there’ve never been so few available homes to buy. I’ve been selling real estate for 20 years now and don’t remember it ever being so dire. In fact, the worst year ever still had twice as many houses for sale as what we’ve got now.
The available inventory in Los Gatos, and Santa Clara County generally, is inching up. The numbers have risen about 25% from a couple of months ago, but are off between 30% and 65% from the year before, depending on how you slice and dice the numbers. In our lovely corner of east Los Gatos, right now there are only 2 homes for sale, one on Blossom Hill and one on a side street at the corner of Blossom Hill. Last year there were 13 sales in the neighborhood, and in 2011 there were 17. We could use more inventory!
If you are thinking of selling in 2013, now is a great time. There’s little competition and a very strong level of buyer demand. Please call me for a free, no obligation, no pressure consultation. Please email me at mary (at) popehandy.com or call me at 408 204-7673.
Los Gatos Real Estate Market Trends and Statistics
Although spring weather has not yet arrived in Los Gatos, the door to door solicitors are out in force, annoying and concerning residents. Over the last 3 or 4 weeks, it seems that getting an unexpected knock at the front door is almost a daily occurrence. Surprisingly, many of these happen after dark, as late as 8pm in some cases. Some want to ask to bid window replacement or other home improvement projects. Some want to sell magazines. And others are looking for charitable donations or political action.
What can be done?
It’s not a new problem, but lately it does seem worse. A “no solicitors” sign by the front door may help. The town of Los Gatos requires all door to door salespeople to have a permit, so you may ask to see it. Many won’t have obtained the peddler’s permit because it costs about $100.
The Nextdoor online group for Surmont, Belgatos and Belwood has been actively discussing this problem. If you live in the area west of Blossom Hill Road in the general Belgatos area and aren’t already a member, sign up to join now and keep current on what’s happening at www.belwood-belgatos.nextdoor.com
How’s the real estate market in the Belwood, Belgatos and Surmont areas? Below, please find a list of properties which are currently available or sold (there are NO pendings at the moment) in these parts of Los Gatos this year.
Homes for sale:
As you can see below, most properties are priced at over $1 million unless located on (busy) Blossom Hill Road.
Since January 1st, only 3 homes in the area have sold for under $1 million, and one of them was a short sale that was directly across from the cabana. Please note that overall, homes in the Surmont, Belgatos and Belwood neighborhoods are selling over list price – in fact, by $13,437 or almost 1% over list price. Although the one short sale took over 200 days from listing to closing, most homes in the area sold far faster – 9 of the 12 sold within 2 weeks! That is a nice, strong sellers’ market.
Even so, it’s imperative not to overprice. Just because it’s a sellers’ market does not mean that buyers will pay just any price for a home. They are wary after the market’s downturn!
Want to discuss your home’s value? Please call or email me today and we can meet, go through your house together, and discuss probable market value and pricing strategies.
I have been communicating with a family relocating to Silicon Valley from Austin who think that the Belwood, Belgatos or Surmont area might be a good fit for them. They are open to other nearby areas, too, but the most important thing is that they want to be within the boundaries for Noddin Elementary School.
Do you have or know of a rental like this that might be available in June?
Size : 3 Bedrooms (or more)
Area : Within Noddin Boundaries
Alarmed & two storey preferable but not a deal breaker.
Reach me at 408 204-7673 or mary (at) popehandy.com.
Tonight at the Belwood Cabaña in east Los Gatos, there was a community meeting of neighbors with a panel of officials to discuss the explosion at the yard on Westhill and Belblossom on March 5th. Officials included Sgt Kerry Harris from the Los Gatos Monte Sereno Police Department, two men from P G & E (one named Tamon) and a representative from the county fire department. Jim and I arrived about 1-2 minutes late so unfortunately I missed some of the names. (My apologies to the panelists whose names I missed.)
About 50 neighbors gathered at 7:30pm to this not-so-well publicized event (it was mentioned on this Belwood blog, the Nextdoor site and the Facebook group but did not make the local papers or even the edition of The Bellringer which was delivered to residents today). Those of us who attended generally expected to learn what exactly had happened to cause the explosion. Instead, we learned that P G and E has determined that it was not caused by natural gas (their arena) and therefore their investigation is closed as they are not the right entity to investigate other causes. The Town of Los Gatos appears to have done exactly nothing beyond the original police report (and of course, sending Sgt Harris over tonight, which was very much appreciated).
So what caused the explosion that seriously injured the gardener and caused the boom to be heard and felt up to a quarter of a mile or more away? We still don’t know. Who’s doing an ongoing investigation to find out what caused it? As of tonight, no one.
This was not a happy revelation that as of now, no one is really investigating anything. The crowd was clearly displeased and uneasy with what feels like a ticking time bomb. If we don’t know what caused this explosion, how can we possibly prevent another? This was the reasoning of many of the calm, but concerned, voices.
Most felt that the power company had not done nearly enough to check on safety issues. With a little prodding by the public, it was learned that the company could do more….and it sounds like Tamon, the pubic advocate within P G & E, will request that further testing take place. It isn’t guaranteed to happen, but it would be a help.
There was some news, though. We did hear, for the first time, that when the explosion happened, there was a fireball “the size of two car lengths” followed by smoke of the same size. It seems to have dissipated rapidly.
We stayed for an hour – there were lots of questions, some more like long commentaries. A few people expressed frustration and more than one appeared to simply vent. It was mostly civil but had some contentious moments. The presence of both police and fire representatives was helpful, I think, to explain how each department got involved and what their roles were. That was a plus. And while Tamon seemed caring and adept at working with the pubic, his counterpart didn’t share that talent and his repeated, terse replies to others’ comments of “that’s not true” didn’t do much to warm up the community to him, or to the company, for that matter. (But thank you, Tamon – you did a good job under pressure.)
So was turpentine to blame, as initially thought? Sounds like it wasn’t – but they don’t know. PG & E doesn’t know, the fire department doesn’t know, the police department doesn’t know.
But the Belwood, Belgatos, and Surmont neighbors do know that this isn’t over yet. This is not a “closed case”. We deserve better. All of Los Gatos does.