What's selling in the Belwood, Belgatos and Surmont areas of east Los Gatos? How's the market?

The market is pretty hot in our pocket of Los Gatos! Here’s what has gone under contract in Belwood, Belgatos, Surmont and very nearby since January 1, 2012. (DOM = “Days on Market”. REO = “Real Estate Owned (by the bank)” or bank owned home.)

Sale type	Status	Street	List Price	Sales Price	Square Ft	Lot Size	DOM	Sale Date
Regular	Active	WESTHILL DR	$1,399,000.00		2832	15400	17
REO	Active	GEMINI CT	$1,100,000.00		2879	9190	9
Regular	Pending	BELVALE DR	$1,149,999.00		2448	10250	13	4/11/2012
Reglar	Pending	BELWOOD GY	$ 949,000.00		1730	11385	8	4/20/2012
Regular	Pending	BACIGALUPI DR	$1,249,999.00		2746	11500	7	3/22/2012
Regular	Pending	OLD ORCHARD DR	$1,275,000.00		2736	10209	51	3/27/2012
Short Sale	Pending	BELWOOD GY	$ 925,000.00		2251	10240	213	3/30/2012
Regular	Pending	BELCREST DR	$ 895,000.00		2448	9875	7	4/4/2012
Reglar	Sold & Closed	HARWOOD RD	$1,099,999.00	$1,098,000.00	2804	11036	252	1/5/2012
Regular	Sold & Closed	ALMOND BLOSSOM CT	$1,199,950.00	$1,140,000.00	2923	10018	59	3/2/2012

The home on Belvale had 6 or 7 offers – I know because I placed one of the bids on it for my buyers! There were also multiple offers on the Bacigalupi house as well. Both are said to have sold over list price. Most homes are selling pretty fast now, and at very good prices.

The real estate market across Silicon Valley has really zoomed into a strong seller’s market over the last 3 to 4 weeks. I have been involved with MANY offers, both on the seller side and the buyer side, and almost every single one was a multiple offer situation with sales getting pushed much higher than list price. (This last Monday, for example, I sold a small Santa Clara condo that was not strategically underpriced but it got 20 offers, 8 of them “all cash” and sold about 8% over list price. This is happening all over.)

Want to see more photos and a map? My Los Gatos Real Estate Report can display listings, pendings and sold properties anywhere in Santa Clara County. Click on this link to see what’s happening near our part of town. (It loads a little slowly so please be patient.)

If you’d like to buy or sell a home in the Surmont, Belgatos, or Belwood of Los Gatos areas , please call me! I’m a resident (since 1999) and a Realtor here in Los Gatos with Sereno Group and know the area like only a local does.