Saratoga, California Real Estate Market Trends ~ July 2008

Closed Sales in Saratoga, California in July 2008

Property Type: Single Family Homes ~ Saratoga

• There were 22 single family homes reported sold in Saratoga during the month of July 2008.
• Current Inventory in the month of July 2008 = 137
• The Average Price was $2,098,175
• The Median Sales Price was $1,740,000
• The Average Days of Market (DOM) was 37
• % LP Received = 96.84%
• There were 61 new listings reported in Saratoga, California in July 2008.

Property Type: Condo / Townhomes ~ Saratoga

• There were 5 condos / townhomes reported sold in Saratoga during the month of July 2008.
• Current Inventory in the month of July 2008 = 15
• The Average Price was $785,000
• The Median Sales Price was $625,000
• The Average Days on Market (DOM) was 69
• % LP Received = 98.44%
• There were 5 new listings reported in Saratoga, California in July 2008.

Definitions:

• Current Inventory = represents the total number of properties with status 1, 2, and 3.
  • Status 1 is active; Status 2 is pending with release; and Status 3 is pending without release.
• Average Price = the sum of the sales prices divided by the number of sales.
• Median Sales Price = is the sales price of the property that falls in the middle of all the sold properties.
• Average DOM = the sum of the number of days on market for sold properties divided by the count of sold properties.
• New Listings = the number of listings with a list date within the month being reported.
• % LP Received = the sum of the sold prices divided by the sum of the list prices multiplied by 100.

Kathleen Daniels is a Saratoga ~ Silicon Valley Real Estate Broker serving the needs of home buyers and home sellers in Saratoga and Silicon Valley ~ Santa Clara County.

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Copyright © 2008, All Rights Reserved by Kathleen Daniels *Saratoga, California Real Estate Market Trends ~ July 2008*