Saratoga Real Estate Market - View Saratoga Real Estate Market Trends in California

Winter 2012 Market Update The Saratoga community gives its residents a tranquil lifestyle with plenty to do, with community members hosting a variety of special events and celebrations year-round. The real estate market in Saratoga, CA consists primarily of single-family detached homes for sale and some land lots for custom home building. From sprawling ranch real estate to turn-of-the-century two-story houses and modern homes, there are properties to suit many buyers’ needs.
Average Home Price	$1,800,000 - View Graph Trend

Average Price Compared to Last Year	Up 10-15%

Average Time on Market	30-60 days

Best Selling Price Range	$1,000,000+

Worst Selling Price Range	$500,000 - $549,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Saratoga is	Increasing

Seller Activity for the past 90 days in Saratoga is?	Decreasing

Multiple Offers?	No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Limited Supply

Inventory Comments	Inventory rose 2.4% from last quarter, and was down 1.2% year over year.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Home prices are now rising year over year in Saratoga. With the prospect of better economic news nationally and for the Silicon Valley area now may be a good time to purchase your Saratoga home.

Nearest Metro Area	San Jose

Housing Hot Spots	Today, over 30,000 residents call Saratoga home. Located southwest of San Jose along the rolling foothills of the Silicon Valley, the city is home to superior schools and a charming village atmosphere. Students in grades K-12 attend esteemed schools of the Saratoga Union Elementary and Los Gatos-Saratoga Joint Union High school districts. Those looking to attain a higher education may apply to prestigious universities nearby.

Average Sold Price	$1,800,000 - View Graph Trend

Saratoga Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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