The Saratoga market is starting to follow a seasonal pattern of declining inventory – now at 87 single family homes available even though 6 new properties were added. Inventory is down from 111 last year at this time. There were 15 sales this past week, but a sign that the…
Who says its a bad real estate market in Saratoga?  The high end is finally getting some juice with Juna (listed at $6.4 million) selling today, plus two lovely Montalvo Heights homes now in escrow (listed at $5.9 and 5.5 million) and another $5.0 million pending sale on Panorama Drive. The…
This past week in Saratoga there were 16 new sales, 2 closings and 7 new Saratoga properties were added to the market (including a great property the Moe Banian and I have listed at 13587 Saraview Drive) bringing to total inventory to 97 homes. 8 properties, with 131 CDOM had…
A good indication of a shifting balance between buyers and sellers market would be the number of pending homes that have release clause addendum.  We would expect to see more “Pending With Release” (status2)  sales if were a “buyers market” in Saratoga. As of this morning, of the 36 homes currently pending in Saratoga only one is…
People are talking about a 2.28+/-ac., 7,500+/-sf, Saratoga estate that just came on the market, priced at $3.875 million - it could be the deal of the year. In some people’s opinion is it is priced about $1.2 under the market.  It is listed by Benjamin Guilardi in our Los Gatos Alain Pinel office.…
A friend sent me some information today that he received from someone trying to understand the Saratoga real estate market in the $1.2-1.8 million band, who concluded that with 34 active listings and 10 in escrow (as of 10/22/07) that “inventory is bad – only 1 in 3 are selling”. This…