Saratoga California Market Trends ~ August 2008

Saratoga California is located in Santa Clara County ~ California. Saratoga zip code is 95070

Property Type: Single Family Homes ~ Saratoga California

• There were 26 single family homes reported sold in Saratoga California during the month of August 2008 compared to 22 homes sold in Saratoga during the month of July 2008.
• The current inventory of homes in Saratoga in August 2008 = 131
• The current inventory in the month of July 2008 = 137
• The average sales price was $1,802,476
• The average sales price in July 2008 was $2,098,175
• The median sales price in August 2008 was $1,625,000 compared to $1,740,000 in July 2008
• The average Days on Market (DOM) were 30 compared to 37 in July 2008.
• % LP Received = 96.05% compared to 96.84% in July 2008
• There were 54 new listings reported in Saratoga ~ California in August 2008.
• In July 2008 there were 61 new listings reported in Saratoga ~ California.

Property Type: Condos / Townhomes ~ Saratoga California

• There were 6 condos / townhomes reported sold in Saratoga California during the month of August 2008. This is consistent with 5 condos / townhomes sold in Saratoga during July 2008.
• The current inventory of condos and townhomes in the month of August 2008 = 21
• The current inventory in the month of July 2008 was 15
• The average sales price was $686,250
• The average sales price in July 2008 was $785,000
• The median sales prince was $656,500 as compared to $625,000 in July 2008.
• The average Days on Market (DOM) were 53 compared to 69 days in July 2008.
• % LP Received = 96.70% compared to 98.44% in July 2008
• There were 9 new listings reported in Saratoga California in August 2008.
• In July 2008 there were also 5 new listings reported in Saratoga California.

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 Sales Price = the sum of the sales prices divided by the number of sales.
• Median Sales Price = 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.

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

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