2017 Real Estate Report for Belwood, Belgatos, Surmont & Nearby

Aerial photo of Belwood of Los GatosThe Belwood of Los Gatos, Belgatos, Surmont, and contiguous neighborhoods in east Los Gatos saw strong appreciation in 2017. With a low amount of available real estate inventory and high buyer demand, properties listed under $2 million often saw multiple offers and good overbids. Over $2 million, the market was cooler, but still not too challenging to sell if done right.

Early 2017 was a bit sluggish, with homes taking longer to sell and recording under list price through February. These homes were priced on the higher end for homes in the area, and they were selling during the typically cooler winter months, both of which might have contributed to the slower turnover.  By March the market was heating up again with the large majority selling above list price (likely multiple offers) in under a month through to the end of the year. The three that took longest to sell (from March through November) also sold below list price.

Below is the chart of all home sales in the Belwood & adjoining area listed on the multiple listing service for 2017 organised by date descending oldest to newest. DOM stands for “days on the market”.  (There was one off-market or private sale of a 1400 SF house on Bacigalupi for $1,250,000 that is not included. It appears to have been a fixer upper.)

Belwood2017b 750x353 - 2017 Real Estate Report for Belwood, Belgatos, Surmont & Nearby

Most challenging to sell are the luxury tier properties offered at $3 million or more. In 2017, the house with the longest days on market was in this category. This is normal for the luxury market in east Los Gatos.

In summary, through most of the year there was high demand and quick turnover for homes in the Belwood area in moderate price points. These fast moving homes provide approximately 3-5 bedrooms and list in the price range of %1.5 to $2 million.

If we remove the luxury tier home, a profile of homes sold in this area in 2017 would be along these lines:

Average list price: $1,719,144
Average sale price: $1,758.263
Average square footage: 2316 SF of living space
Average age of home: 42 years

The last couple of months in 2017, prices began shooting up with the news of Google’s expansion into downtown San Jose. The ripples were felt through Willow Glen, Cambrian, and into Los Gatos. What sold for $1,750,000 in the middle of 2017 is likely to sell for significantly more in 2018.

If you’re interested in buying or selling a home in this beautiful corner of Los Gatos, please  reach out to me and we can have a confidential and no-obligation conversation / consultation.

Gorgeous Belgatos view home!

Come home to a stunningly remodeled Belgatos view home, and enjoy sweeping vistas of Silicon Valley from all the main living areas of the home! 211 Westhill Drive, Los Gatos, is offered for sale at $2,288,000 and features 4 bedrooms and 3 bathrooms. 3112 SF of living space: 2856 Square Ft (appx.) + office (appx 256 SF)  on a lot of 13,939 SF. So many extras, such as solar power, dual pane windows, plantation shutters, fan lights, but above all, a scenic setting, a comfortably large house, in a great Los Gatos neighborhood next to Belgatos Park.

Below is a sampling of photos – please see ALL images and detailed info on the virtual tour site:
http://www.tourfactory.com/1838948

Open house schedule:  Sept 9 and 10 from 2 – 4 pm, Wed Sept 13 9:30am – 12:30pm, and Saturday Sept 16 2-4. Please stop by!

Beautiful home with valley views on Westhill Drive in east Los Gatos

This house was thoughtfully designed with the living room, dining room, kitchen, and family room all enjoying the views. The bedroom wing is tucked behind the octoganally shaped living room, and they overlook the yard and pool.

211 Westhill Drive - unique living room with octoganal shape, high ceilings, wood burning fireplace

Beautiful Brazilian cherry hardwood floors grace the living areas, hallway, and bedrooms, creating a clean and contemporary feel to the home.

Spacious formal dining with plenty of function in the elegantly framed built in cabinets.

Plantation shutters, dual pane windows, lovely crown and baseboard provide a timeless feel.

Slab granite counters and stainless steel appliances make for an appealing modern kitchen.

The kitchen is open to the family room and includes stainless steel appliances, slab granite counters, and a vaulted ceiling with recessed lights. Not shown here is the breakfast nook and pantry, which look toward the resort like back yard.

The open kitchen and family rooms are surely the heart of the home.

The heart of the home, the family room is drenched in natural lighting with windows on both sides.

Back yard and pool

Your own private resort! In addition to the pool and patio area, there’s another patio and planting bed area along the right side of the house.  Previous owners had used that area as a sports court. There are many possibilities to utilize that space!

Please see the virtual tour for more details and all photos: http://www.tourfactory.com/1838948

 

Water District removing 89 trees

The San Jose Water District announced that 89 trees will be removed near the water storage tanks in Belgatos Park. The work begins September 5th and should end by the 22nd, and work will run between 8am and 5pm.

Due to the heavy rains last year, some infrastructure needs repairs. With the water district removing 89 trees, there will be the ability to upgrade the water main.  The notice can be viewed below for those who missed it.

San Jose Water District letter regarding tree removal and work at the reservoir in Belgatos Park

San Jose Water District letter regarding tree removal and work at the reservoir in Belgatos Park

Belwood, Belgatos, Surmont neighborhood sales

Neighbors often want to see an update on the immediate neighborhood and sale prices of houses that have sold and closed escrow. Here’s a current snapshot of the real estate market in Belwood, Belgatos, and Surmont (and adjacent to the contiguous neighborhood).

Belwood, Belgatos, Surmont and nearby Los Gatos houses sold year to date in 2017

View photos and get the details on MLSListings.com here:
http://search.mlslistings.com/Matrix/Public/Portal.aspx?ID=7031825234&L=1

In addition to these closed sales, there are 2 in various stages of “under contract”, and there was 1 duplex sold earlier this year, too.

Interested in buying or selling a home in the area? Please reach out to me with an email or a phone call.

033 Neighborhood View 1024x683 - Belwood, Belgatos, Surmont neighborhood sales

Aerial view of the neighborhood and the nearby foothills

Vote at the Belwood of Los Gatos Cabaña

Midway through a major election year, voting on a few measures and maybe the presidential primary may not be at the top of everyone’s To Do List.  In the Belwood-Belgatos area, we’re fortunate that our polling place is extremely local – the cabaña at 100 Belwood Gateway.  Stop on by – lines are short and the folks handing out the ballots are very nice.  It’s a good reason to take a few minutes out of your regular day.  And the bonus for all of us is that it’s such a scenic place.

Belwood of Los Gatos polling place

Exquisitely remodeled home & yard for sale in Belwood – 127 Belhaven Drive

127 Belhaven Dr., Los Gatos, CA 95032Looking for a turnkey home and yard with plenty of space?  One with understated style and a comfortable elegance? The home at 127 Belhaven Drive in Belwood of Los Gatos is remodeled top to bottom and move-in ready! It will be on the Multiple Listing Service and ready to be seen on Monday, February 15th., and is offered at $1,650,000.

The house includes 2448 square foot of living space with 5 bedrooms + ground floor office (could be converted to bedroom if needed), 3 full baths (one on first floor), and all the living spaces you could want:  living room, dining room, kitchen with oversized nook, separate family room, and a garge decked out as an entertainment center with a kid-friendly focus.  Throughout the home there’s a perfect blending of traditionally loved items like hardwood floors, crown molding, baseboard,  French doors, plantation shutters, built in cabinets together with much loved contemporary elements like skylights, dual pane windows, recessed and energy efficient LED lights, insulation, an encapsulated crawl space, and of course remodeled kitchen and baths.

With 10,760 square feet, the nearly level lot has room for everything.  The yard has been professionally designed and landscaped and may well steal your heart!  A big sandbox and amazing, custom built playhouse may well seal the deal!  Extra storage in the side yard, a view of the hills from the expansive front porch – what more could you want?

All of this comes just 3-4 blocks from the side entrance of Belgatos Park.  This charming home is part of the Belwood HOA, which provides a lovely cabaña, pool, and community events.  The nearby Harwood Square Shopping Center includes a good sized Walgreens, Los Gatos, Pizza, Starbucks, and more.

Excellent schools, too:  Noddin Elementary, Union Middle, and Leigh High.

Please stop by one of our open house events:

  • Wednesday, February 17th 9:30am to 12:30pm (broker open but also public open house)
  • Saturday, February 20th 1:30 to 4pm
  • Sunday, February 21st, 1:30 to 4pm

Disclosures will be online soon.  Offers due Wednesday, Febrary 24th by 11am please.

Want more details?  Please see the lengthy list of features here:
http://www.valleyofheartsdelight.com/Property/127-Belhaven-Drive-Los-Gatos-California

Or see the Virtual Tour here : http://www.tourfactory.com/1468742

BelwoodOfLosGatos.com


This website is provided by Mary Pope-Handy, a Belwood resident and real estate agent.

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For the HOA site,
and phone numbers for the Cabana or HOA, please visit
BelwoodHomes.org


************************* Mary Pope-Handy
Belwood area resident
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
BRE License #01153805

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