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Robert Whitelaw, Broker, CEO, Realtor®, ePro

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Los Gatos - July 2008 - Real Estate Market Analysis

09-03-08
Robert Whitelaw, Broker, CEO, Realtor®, ePro

Not a great month for Los Gatos. We are starting to see a few cracks in the market with declines in average price, increases in inventory and decreases in sales. However, time on market is still reasonable. 

This may just be the best time to consider buying in Los Gatos while prices are weaker in a market where home prices have historically always grown.

 

Summary Of Comparable Properties

LOS GATOS, CA
Single Family Residential
 
Address City Beds Bath DOM CDOM LOE SqFt $/SqFt Lot(SqFt) List Price Age Sale Price
 
SOLD
 99 Foster Rd   Los Gatos   4   3 1/2  65   65   18   3,000   $1,016.67   34,000   $3,300,000     $3,050,000  
 85 Reservoir Rd   Los Gatos   4   4+  12   229   36   4,410   $649.66   20,000   $2,998,000   10   $2,865,000  
 118 Blueberry Hill Dr   Los Gatos   3   2 1/2  7   7   21   2,930   $784.98   12,390   $2,099,900   16   $2,300,000  
 65 Whitney Av   Los Gatos   4   3  12   12   39   2,475   $888.89   7,405   $2,229,000   8   $2,200,000  
 16600 Oleander Av   Los Gatos   4   4+  8   8   44   3,112   $684.45   11,761   $2,200,000   57   $2,130,000  
 341 Los Gatos Bl   Los Gatos   4   3 1/2  23   23   39   3,060   $678.1   9,815   $2,150,000   8   $2,075,000  
 16309 Short Rd   Los Gatos   4   3  82   82   27   2,894   $615.07   25,844   $1,849,000   69   $1,780,000  
 28 Bayview Av   Los Gatos   4   3  80   80   63   2,045   $868.46   4,356   $1,749,000   103   $1,776,000  
 18590 Farragut Ln   Los Gatos   6+   3  24   24   20   2,798   $607.56   47,916   $1,699,956   52   $1,699,956  
 130 Regent Dr   Los Gatos   3   2 1/2  167   167     3,112   $541.45   12,196   $1,760,000   8   $1,685,000  
 144 Whitney Av   Los Gatos   3   2  6   6   23   1,737   $906.74   6,160   $1,575,000   2   $1,575,000  
 107 Los Patios   Los Gatos   5   2 1/2  10   98   40   2,986   $502.34   10,350   $1,549,000   35   $1,500,000  
 16940 Sheldon Rd   Los Gatos   4   3  37   37   23   2,911   $489.52   362,419   $1,495,000   28   $1,425,000  
 140 Old Orchard Dr   Los Gatos   4   2 1/2  18   25   34   2,167   $586.06   9,000   $1,299,000   46   $1,270,000  
 138 Terreno De Flores Ci   Los Gatos   4   2 1/2  4   4   31   2,442   $470.93   5,227   $1,150,000   5   $1,150,000  
 147 Belhaven Dr   Los Gatos   4   2  4   4   30   1,960   $553.57   10,000   $1,050,000   43   $1,085,000  
 118 Yosemite Wy   Los Gatos   3   2  21   21   11   1,289   $830.1   7,854   $1,095,000   57   $1,070,000  
 16551 Englewood Av   Los Gatos   3   2  45   45   51   1,116   $896.06   8,100   $1,099,000   63   $1,000,000  
 243 Prince St   Los Gatos   3   2  6   82   29   1,687   $589.8   8,856   $999,888   47   $995,000  
 480 Wraight Av   Los Gatos   2   1  47   277   19   1,076   $910.78   5,500   $997,000   62   $980,000  
 15681 Camino Del Cerro   Los Gatos   3   1  6   6   28   1,170   $794.87   12,196   $990,000   65   $930,000  
 199 Smith Ranch Ct   Los Gatos   2   2  64   534   87   1,351   $687.64   5,227   $929,000   3   $929,000  
 239 Prince St   Los Gatos   4   2  46   46   21   1,456   $625   8,424   $950,000   47   $910,000  
 16474 Los Gatos Almaden Rd   Los Gatos   3   2  13   13   30   1,273   $706.21   10,875   $899,000   58   $899,000  
 244 More Av   Los Gatos   4   2  5   5   12   1,498   $560.75   8,288   $815,000   44   $840,000  
 223 Mary Alice Dr   Los Gatos   3   1 1/2  7   7   42   1,142   $604.2   6,000   $689,000   47   $690,000  
 
AVERAGE VALUES     32   73   33   2,196   $694.23   25,775   $1,523,682   39   $1,492,652  
 
 
AVERAGE VALUES FOR ALL     32   73   33   2,196   $694.23   25,775   $1,523,682   39   $1,492,652  
 
Quick Statistics ( 26 Listings Total)
  Min Max Median
List Price $689,000 $3,300,000 $1,397,000
Sale Price $690,000 $3,050,000 $1,347,500
   
 


NOTE: This is a MARKET ANALYSIS. In order to provide complete information, all homes sold are listed for the noted community. No claim is made that I represented either the buyer or the seller in ANY of these transactions. The homes sold are reported simply to provide complete information on what homes have sold during a specific period of time.
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Saratoga - July 2008 - Real Estate Market Analysis

09-02-08
Robert Whitelaw, Broker, CEO, Realtor®, ePro

Saratogas market continues to show signs of slowing. Inventory is up, sales are down. While average sales price remains healthy and days on market are still reasonable, if inventory continues to rise while sales drop, price will eventually have to come down to equalize the market again. Read on for all the details.

Summary Of Comparable Properties
Single Family Residential
 
Address City Beds Bath DOM CDOM LOE SqFt $/SqFt Lot(SqFt) List Price Age Sale Price
 
SOLD
 18718 Austin Wy   Saratoga   6+   4+  60   60   49   7,227   $864.81   91,911   $6,800,000     $6,250,000  
 14310 Lutheria Wy   Saratoga   4   3 1/2  25   25   45   5,300   $867.92   33,930   $4,900,000   69   $4,600,000  
 19160 Crisp Av   Saratoga   5   4+  80   80   40   5,509   $676.17   42,253   $3,998,000   15   $3,725,000  
 13566 Deer Trail Ct   Saratoga   4   4+  1   1   15   4,507   $665.63   45,738   $3,088,000   12   $3,000,000  
 21079 Michaels Dr   Saratoga   5   4+  128   128   111   4,015   $533   43,560   $2,350,000   35   $2,140,000  
 20345 Williams Av   Saratoga   5   4+  54   54   27   3,332   $621.25   8,276   $2,095,000   7   $2,070,000  
 13852 Trinity Av   Saratoga   5   3 1/2  37   37   27   3,300   $598.48   12,696   $1,999,500   45   $1,975,000  
 20561 Lomita Av   Saratoga   5   2 1/2  10   10   35   2,639   $738.92   14,750   $1,950,000   45   $1,950,000  
 14221 Juniper Ln   Saratoga   4   3  8   8   29   2,206   $861.29   20,868   $1,848,000   46   $1,900,000  
 13550 Beaumont Av   Saratoga   3   2 1/2  3   3   29   2,217   $789.35   15,108   $1,595,000   52   $1,750,000  
 20773 Hillmoor Dr   Saratoga   4   3  14   14   31   2,716   $644.33   12,480   $1,488,888   36   $1,750,000  
 13247 Glen Brae Dr   Saratoga   4   2 1/2  15   15   41   2,475   $698.99   11,761   $1,850,000   44   $1,730,000  
 13088 Montrose St   Saratoga   4   3  60   616   13   2,800   $598.21   10,000   $1,795,000     $1,675,000  
 19524 Via Monte Dr   Saratoga   4   2 1/2  9   9   35   2,180   $741.74   13,800   $1,750,000   45   $1,617,000  
 16370 Sanborn Rd   Saratoga   4   4+  36   36   29   3,400   $470.25   114,127   $1,650,000   21   $1,598,850  
 19222 Dehavilland Dr   Saratoga   4   2  11   11   19   2,321   $687.2   16,254   $1,595,000   44   $1,595,000  
 15560 On Orbit Dr   Saratoga   4   3 1/2  17   218   41   3,831   $391.54   385,941   $1,499,000   29   $1,500,000  
 13888 Lynde Av   Saratoga   3   2  40   40   51   1,670   $877.25   11,200   $1,520,000   46   $1,465,000  
 12492 Saratoga Creek Dr   Saratoga   4   2 1/2  17   17   24   2,320   $600.43   11,390   $1,400,000   50   $1,393,000  
 19013 Brookhaven Dr   Saratoga   3   2  3   3   26   1,696   $683.96   10,125   $1,125,000   54   $1,160,000  
 12511 Saratoga Av   Saratoga   3   3  112   112   49   2,567   $397.35   11,132   $1,049,000   50   $1,020,000  
 18465 Mccoy Av   Saratoga   4   2  19   19   30   1,889   $476.97   8,040   $895,000   52   $901,000  
 18384 Swarthmore Dr   Saratoga   3   2  80   80   22   1,400   $639.29   8,040   $925,000   52   $895,000  
 
AVERAGE VALUES     36   69   36   3,109   $657.58   41,451   $2,137,626   40   $2,072,167  
 
 
AVERAGE VALUES FOR ALL     36   69   36   3,109   $657.58   41,451   $2,137,626   40   $2,072,167  
 
Quick Statistics ( 23 Listings Total)
  Min Max Median
List Price $895,000 $6,800,000 $1,750,000
Sale Price $895,000 $6,250,000 $1,730,000
   


NOTE: This is a MARKET ANALYSIS. In order to provide complete information, all homes sold are listed for the noted community. No claim is made that I represented either the buyer or the seller in ANY of these transactions. The homes sold are reported simply to provide complete information on what homes have sold during a specific period of time.
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Morgan Hill - July 2008 Real Estate Market Analysis

09-02-08
Robert Whitelaw, Broker, CEO, Realtor®, ePro

 

morganhillThe summer season appears to be over for Morgan Hill. It arrived a little later than last year and July looks like it might just end up being the last we see of it.

Overall, the short term numbers are mildly encouraging. However, the year on year numbers do not paint an encouraging picture.  We are clearly still feeling the down market and while we may be getting a hint of a "bottom" with some of our numbers, we are still facing an uphill battle.

 


Summary Of Comparable Properties
Single Family Residential
 
Address City Beds Bath DOM CDOM LOE SqFt $/SqFt Lot(SqFt) List Price Age Sale Price
 
SOLD
 17098 Holiday Dr   Morgan Hill   4   3 1/2  11   11   71   3,954   $324.99   23,522   $1,299,500   6   $1,285,000  
 19082 Cheyenne Ct   Morgan Hill   5   3  97   97   36   2,753   $390.48   9,583   $1,117,000   10   $1,075,000  
 19080 Savannah Ct   Morgan Hill   5   3 1/2  46   46   24   3,342   $317.92   9,147   $1,150,000   10   $1,062,500  
 1443 Evening Star Pl   Morgan Hill   4   3 1/2  220   220   51   3,078   $333.01   9,154   $1,135,000   1   $1,025,000  
 1621 Avenida De Los Padres   Morgan Hill   4   3 1/2  131   131   112   3,577   $276.77   9,148   $1,100,000   1   $990,000  
 1520 Avenida De Los Padres   Morgan Hill   4   3  155   155   12   3,118   $312.7   6,982   $1,079,000     $975,000  
 1412 Evening Star Pl   Morgan Hill   5   3  41   249   30   2,753   $352.34   9,956   $1,079,000   1   $970,000  
 495 Maiden Spring Wy   Morgan Hill   5   4+  35   114   25   3,728   $253.49   6,534   $999,999   5   $945,000  
 15850 Sunnyside Av   Morgan Hill   4   4+  36   88   30   3,752   $235.77   42,688   $999,000     $884,592  
 18375 Serra Avenida   Morgan Hill   5   3  73   73   24   2,571   $334.5   7,405   $899,000   6   $860,000  
 17615 Lancia Dr   Morgan Hill   4   3  32   32   27   2,727   $311.7   8,276   $869,985   9   $850,000  
 17085 Copper Hill Dr   Morgan Hill   4   2 1/2  20   20   41   2,758   $271.94   20,473   $799,000   31   $750,000  
 381 Bryce Dr   Morgan Hill   4   2  127   127   8   1,994   $353.56   6,969   $729,950   11   $705,000  
 14708 Excaliber Dr   Morgan Hill   4   3  26   26   30   2,153   $325.13   5,662   $724,950   12   $700,000  
 15885 Jackson Oaks Dr   Morgan Hill   4   2 1/2  226   226   61   2,710   $254.58   15,246   $708,900   33   $689,900  
 17202 Tassajara Ci   Morgan Hill   4   3  13   13   30   2,180   $309.63   4,791   $699,000   20   $675,000  
 16245 Church St   Morgan Hill   4   2 1/2  84   84   43   2,075   $321.93   11,000   $686,900   18   $668,000  
 17750 Trumpp Ct   Morgan Hill   3   2 1/2  5   5   44   1,808   $359.51   6,048   $659,999   23   $650,000  
 820 Roble Dr   Morgan Hill   4   2  4   4   29   2,158   $291.94   7,840   $635,000   36   $630,000  
 18535 Del Monte Av   Morgan Hill   4   2  142   142   29   2,018   $279.98   9,600   $599,000   20   $565,000  
 2745 Fountain Oaks Dr   Morgan Hill   3   2  185   185     1,638   $341.88   9,300   $560,000   32   $560,000  
 146 Christine Lynn Dr   Morgan Hill   3   3  14   14   86   1,631   $342.73   7,405   $569,900   7   $559,000  
 18575 Old Monterey Rd   Morgan Hill   4   2  71   283   48   1,888   $278.07   7,839   $575,000   9   $525,000  
 550 Impala Ct   Morgan Hill   3   2  68   68   59   1,220   $409.84   7,405   $525,000   31   $500,000  
 17673 Peak Av   Morgan Hill   4   2  26   26   36   1,754   $285.06   7,000   $488,900   60   $500,000  
 1772 Pinecone Ct   Morgan Hill   2   2  197   197   71   1,280   $378.91   3,724   $485,000   17   $485,000  
 16953 Sugar Pine Dr   Morgan Hill   2   2  154   195   40   1,280   $366.41   3,724   $479,950   17   $469,000  
 42 W 1St St   Morgan Hill   2   1 1/2  59   59   32   1,088   $381.43   435   $429,950   12   $415,000  
 18555 Preservation Ct   Morgan Hill   3   2  286   286     1,468   $255.45   3,049   $359,999   23   $375,000  
 
AVERAGE VALUES     89   110   42   2,360   $319.02   9,652   $773,927   17   $735,965  
 
 
AVERAGE VALUES FOR ALL     89   110   42   2,360   $319.02   9,652   $773,927   17   $735,965  
 
Quick Statistics ( 29 Listings Total)
  Min Max Median
List Price $359,999 $1,299,500 $708,900
Sale Price $375,000 $1,285,000 $689,900
   



NOTE: This is a MARKET ANALYSIS. In order to provide complete information, all homes sold are listed for the noted community. No claim is made that I represented either the buyer or the seller in ANY of these transactions. The homes sold are reported simply to provide complete information on what homes have sold during a specific period of time.
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Santa Clara County - July 2008 - Real Estate Market Analysis

09-02-08
Robert Whitelaw, Broker, CEO, Realtor®, ePro

sccThe numbers are in for July 2008. The housing market in July for Santa Clara County has taken a hit. Homes for sale inventory numbers made a big jump when compared to the same time last year.  While the bad news does seem to be coming at a slower rate than before, it is now coming from areas we typically saw resisting the down market like Cupertino and Los Gatos.

The good news is that overall sales of homes was up.


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PODCAST: The Real Estate Agent Facade

06-17-08
Robert Whitelaw, Broker, CEO, Realtor®, ePro

thumb_iTunesLogo

This should not be news to anyone. We all try to make the best impression possible in interviews, first dates, etc. In the world of real estate, many agents work hard on creating the perception that they are a successful agent.

We will discuss how that is often not the case. They can also point to their office or their status as a "Top 1%" agent as a reason to work with them. We put all these ideas under the microscope this week and see what we get!

Click Here To Listen To Podcast

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