About 10 months ago I pulled the sales in our corner of Los Gatos. The market was wild then, and it has only gotten fiercer since! Let’s have a look at what has sold in Belwood, Belgatos, and Surmont since this time last year.
(click to open the full size image)
Overbids appear to be consistently higher than they were a year ago, as are the prices. While homes on the busy Blossom Hill Road are still selling below $2 million, the average sale has risen from between $2 – $2.5 million to a range of approximately $2.5 – $3.5 million over the last 6 months! Homes on busier streets, with smaller lots, and / or with fewer updates are more likely to sell below that range, while larger homes on larger lots with recent remodeling (and possibly views) are more likely to sell above that range.
How does that compare with the last time we checked? Keep reading below for the year-to-date chart from June 26th, 2021.
Are you curious about the most current home sales and values in Belwood, Belgatos, Surmont, and nearby? If so you can see what’s for sale, pending, and sold year to date in our corner of Los Gatos at this link.
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