September 17, 2008 is generally considered that start of the freefall in the stock market and financial bailout crisis.  Sales in Saratoga did not stop, but they dropped off dramatically.  Only 21 detached homes and 9 attached closed escrow in Saratoga since 9/17/08.  As we end 2008 there are 105 single family homes and 15 attached homes for sale in Saratoga.

Here is the detail of single family sales activity in MLS area 17 between that date and the end of the year:

September 2008

There were 7 Saratoga sales in September after the 17th (which have all now closed escrow):
14632 Carnelian Glen @ $3M;
14670 Sobey @ $2.7M;
20210 La Paloma Ave. @ $2.525M;
13736 Fortuna Ct @ $1.825M;
20281 Blauer @ $1.768M;
12181 Country Squire @ $1.598M; and
20501 Wardell @ $1.525M

October 2008:

In October 2008 only 5 homes were sold:
20121 Rancho Bella Vista @ $2.62M;
14496 Nutwood @ $2.75M;
18880 Bellgrove Circle @ $1.9M;
19327 Ventura Ct. @ $1.598M;
18803 Afton @ $1.262M

November 2008

In November 2008 a total of 6 homes had contracts ratified to sale pending status (3 have already closed escrow and 3 are still pending):
21550 On Orbit Drive closed escrow @ $1.925M;
12745 Cambridge closed escrow @ $1.6M;
20540 Komina Ave. listed at $1.497M closed escrow, but sales price was withheld;
20015 Bella Vista listed @ $3M is still pending;
18549 Paseo Pueblo listed @ $1.688 M is still pending;
18300 Swarthmore Dr. listed at $1.299M went pending 7/21/08 and is still pending.

December 2008 Sales

In December 2008 8 homes went sales pending (list prices are shown as none, except Park and Ashley, are yet closed):
20862 Verde Vista Lane at $2.188M;
20767 Ashley Way @ $1.365M;
19920 Park Ave. @ $1.7M;
14005 Saratoga Ave @ $1.195M;
18611 Perego Way @ $948,000;
18595 Emanuel Ct @ $899,00;
19581 Devon @ $875,000;
18591 Montpere @ $799,000