Commentary on real estate and homes, area updates, park news, information, and more on the Belwood of Los Gatos, Belgatos, and Surmont neighborhoods by Mary Pope-Handy, a Belwood resident and Realtor.

Also please visit my Los Gatos Blog,
"Live in Los Gatos!"

How Is The Real Estate Market in Belwood of Los Gatos, Belgatos, and Surmont (in east Los Gatos)?

The Los Gatos real estate market has fared better than many other parts of Silicon Valley in recent months, but prices are declining, days on the market area increasing and inventory is climing.

The median sales (sold) price of homes is down about 26% year over year in Los Gatos (95030 and 95032). List prices appear to be flat (see graph below, which is from Altos Research, a subscription I have) but in many price points, homes are being reduced multiple times prior to selling.

What's Happening in Belwood of Los Gatos?

Things have been hopping in east Los Gatos.

Over the weekend, the Belwood of Los Gatos community participated in the "Community Yard Sale" that was happening throughout the town of Los Gatos. The cabana was a busy place with folks selling their wares at what seemed like a good clip. Additionally, neighbors held yard sales in their own driveways and front yards too, as was the case all over this part of Silicon Valley.

The pool is open and swimmers are happy as the heat has been bearing down on us. To see about scheduling a party there (if you are a cabana member), see the Belwood Community's website.

The real estate market is busy in Belwood, Belgatos, and Surmont too. There are now seven active listings and two pending sales in these three areas. As with other parts of town, not all homes are selling - only the ones perceived as being "the best value" for the money are getting offers and going to closing.
(For more information on the housing market, please click on the Homes Info button above.)

How's the Market in Belwood, Belgatos and Surmont?

Homes in Belwood are selling at the same slow pace as most of the rest of Los Gatos.

Homes that are in top condition and priced well with no "issues" are selling decently. Others are sitting. At the moment (3/19) there is only one home available, two which are sales pending, and two more poised to come on the market in the next month or so.

Did you know that you can see the current list of available homes in the Surmont, Belgatos, and Belwood areas of Los Gatos on this website? Additionally, information on the expired listings and the sold and closed listings are here too. Just click on the "Homes Info" tab to stay current.