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Saratoga Luxury Market Heats Up

This past week there have been several new pending sales in the upper end of the Saratoga, CA real estate market, which suggest that savvy buyers are finding opportunity in the market and motivated sellers are coming together.  In addition to the escrow closing this past week of 16150 Cuvilly Ct. for an undisclosed amount (previously listed at $4.5 million), another new luxury home across the street at 16233 Cuvilly (listed at $6 million) went on a contingent sale contract, although it is not scheduled to close for a year.  Further, 20051 Spaich Ct. (listed at $3.49 million) went on contract; this 5,066+/-sf home was on the market since June of last year at $4.4 million and dropped its price again earlier this month.

Other new pending sales this past week include 18500 Aquino Way (listed at $2.0 million); 15621 Lomas (listed at $1.7 million), 20576 Verde Ct. (listed at $1.6 million);  and 20590 Ried Ct. (listed at $1.5 million).