Saratoga Voice

Homes For Sale in Saratoga, CA 95070

Archive for December, 2007

Christmas countdown

Posted in December 17th, 2007
by Rick Bonetti in Market Trends

Saratoga inventory is down further to a very low 69 homes as we count only 8 more days until Christmas.   The average price is now a huge $3.0 million, skewed by 19% of the remaining listings in excess of $4.3 million, including a $14.9 million estate on Matilija and an $8.6 million, updated, vintage home on Fruitvale.  The median has [...]

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Strong Saratoga Demand Despite Mortgage Adjustments

Posted in December 14th, 2007
by Rick Bonetti in Market Trends

The Fed has once again this week made a .25% cut in the federal funds rate to stimulate confidence and liquidity in the secondary mortgage market, but jumbo loans are likely to stay higher than conforming loans for a while.  These things take time to work out.  By Febuary 2008 we are likely to see the end of [...]

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Saratoga Inventory is Very Low

Posted in December 11th, 2007
by Rick Bonetti in Market Trends

It’s beginning to look a lot like Christmas, but the Saratoga real estate market is still strong with 5 new sales (West Road priced at $1.995 million after 205 DOM; Ravenwood priced at $1.649 million; Bohlman Rd price at $1.5995 million; Afton priced at $1.389 million; and Park Place priced at 1.349 million).
11 properties closed escrow [...]

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Saratoga Real Estate Weekly Update

Posted in December 3rd, 2007
by Rick Bonetti in Market Trends

Inventory declined again this past week to this year’s low of 77 single family homes available in Saratoga, due to 8 properties being sold (sale pending) and 12 homes being removed from the market (expired, cancelled or withdrawn).  5 sales pendings were in the $1.2-1.7 million price band, including homes on Prospect Rd, Sunnybrook Ct, Bohlman [...]

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