Los Gatos, California, real estate and market report. August 2018

Los Gatos real estate trends. August 2018.

Call  408-898-1948.



www.ruthandperry.com


MARKET SUMMARY
August 2018 | All Property Types (SFH & Condos/Townhomes)
MarketMonth to DateYear to Date
SummaryAugust 2018August 2017Percent ChangeYear-To-Date 2018Year-To-Date 2017Percent Change
New Listings50500% 4384048.42% 
Sold Listings3440-15% 292299-2.34% 
Median Listing Price$1,812,250$1,849,500-2.01% $1,867,000$1,799,0003.78% 
Median Selling Price$1,912,500$1,907,5000.26% $2,015,000$1,800,00011.94% 
Median Days on Market271580% 111010% 
List/Sell Price Ratio101.7%102%-0.29% 105.7%102.2%3.5% 
Average Listing Price$2,121,702$2,214,173-4.18% $2,055,210$1,980,6923.76% 
Average Selling Price$2,138,058$2,213,076-3.39% $2,132,836$2,007,0246.27% 
Average Days on Market383218.75% 22214.76% 
SOLD AND NEW PROPERTIES (UNITS)
August 2018 | All Property Types (SFH & Condos/Townhomes)
Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

LOS GATOS | LOS GATOS/MONTE SERENO
MEDIAN SALES PRICE AND NUMBER OF SALES
August 2018 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
August 2018 | All Property Types (SFH & Condos/Townhomes)

Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

LOS GATOS | LOS GATOS/MONTE SERENO
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
August 2018 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
August 2018 | All Property Types (SFH & Condos/Townhomes)


Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of month.

LOS GATOS | LOS GATOS/MONTE SERENO
PROPERTIES FOR SALE AND SOLD PROPERTIES
August 2018 | All Property Types (SFH & Condos/Townhomes)
AVERAGE ASKING/SOLD/UNSOLD PRICE
August 2018 | All Property Types (SFH & Condos/Townhomes)
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties | Number of properties sold.
Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price

LOS GATOS | LOS GATOS/MONTE SERENO
ABSORPTION RATE
August 2018 | All Property Types (SFH & Condos/Townhomes)
MONTHS SUPPLY OF INVENTORY
August 2018 | All Property Types (SFH & Condos/Townhomes)
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

Comments