Strong Saratoga Sales in $2-3 million Price Band
Saratoga, CA has seen good real estate sales activity as well as new listings over the past 7 days:
New listings: 10
List price decreases: 3
Pending contingent sales: 6
Sale pending: 4
Closed escrows: 2
Earlier, the mid-upper market priced from $2-3 million was slow, but this reversed this past week with several new pending sales in that price bracket. The highest priced new pending sale is a property on Maude Ave. at $2.9 million, which was been on the market 281 days before finding a buyer. On the other hand, a nearby home on Quito Road, priced at $2.4 million sold in 9 days and a newer home on a nearly half acre lot on Juniper Lane, listed at $2.6 million was only on the market 13 days!  A $2.7 million priced property on Chester also was sold this past week after dropping the price $155,000.  In addition, two Golden Triangle homes (Twain Ct and Argonaut Dr.) went sale pending as did one on Williams near Saratoga village.
Inventory - Ten new properties were added to the inventory of available single family homes for sale in Saratoga leaving the totla currently 137, which is significantly below last year at this time.
Rick Bonetti | Alain Pinel Realtors | 408-857-8800
