Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

City of Saratoga, California

Saratoga Village

Demographics

Business and the Economy

Government

City Government

The City of Saratoga is governed by a city council comprised of 5 members elected to 4-year terms. The Council selects the Mayor from within its ranks. The government itself is managed by a City Manager.

Saratoga City Hall

Things to Do

Hiking:

Parks and Rec:

  • Hakone Gardens,
  • Congress Springs
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Theater, Concerts, and Museums

Area Theater and Concert Venues and Organizations:

  • Mountain winery  – 14831 Pierce Rd, Saratoga
  • South Bay Musical Theater
  • West Valley Light Opera

Area Galleries and Museums:

Under Construction

Dining and Shopping in and around Saratoga

Places to Eat:

There are a number of restaurants in downtown Sunnyvale and across the area that range from casual dining to formal, with cuisine from around the world.

UNDER CONSTRUCTION

 

Places to Shop:

  • Westgate Center – 1600 Saratoga Ave, San Jose
  • Quito Village – 18764 Cox Ave, Saratoga
  • El Paseo de Saratoga – 1000 El Paseo de Saratoga, San Jose
  • Old Town Saratoga

Saratoga Real Estate Market

Average Sales Price and Bidding Ratio

Saratoga Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows average sales price and sales price to list price ratio for sales in Saratoga for the past 12 months. For 2017, average sales prices rose 36% from December 2016 to December 2017. In 2018, prices have trended around the December value, with some fluctuations due to specific, high-value properties selling, e.g. the spike in February. Specific home categories within this range have even while the over-all market declined slightly. The red line tracks average the sales price to list price ratio. Here we see that bidding drove prices up as much as 8.5% in May, but has tailed off to about list price or below in the final months of the year.

Sales by Price Range

Saratoga Real Estate Trends: Sales by PRice Range over the past 12 months

The histogram above depicts Saratoga home sales by price range. Here we see the vast majority of Saratoga home sales have occurred in the $2,000,000 to $5,000,000 range.

Days on Market as a Function of List Price

Saratoga Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. Demand is high enough to keep average time on market low for condominiums and town homes, while single family homes tend to take 1-2 months to sell.

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home. 

Much of the Saratoga market sells in three to four weeks on average, with properties over $3,000,000 and those between $1,600,000 and $1,800,000 taking 5-8 weeks or more weeks on average. 

Sales to List Price Ratio as a Function of List Price

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%. This rule holds for all but the over-$5M category in Saratoga. At the low end, we see condominium sales gaining the bids between 0.8% 9.4% above. Above $1,200,000 is predominately driven by single family home sales garnering bids from 0.2 to 2.2% above list, this is down from as much as 13% above list in the first half of 2018.

Saratoga Real Estate: 6-month Average Sale Price to List Price Ratio by Price Range

Saratoga Single Family Home Sales in the past 12 months:

This 920 sf 3br/1ba bungalow on Quito Road sold for $1,350,000 in March, 2018 and currently holds the low price mark for Saratoga single family homes in the period.

This 5br/6ba home encompassing 7.546 sqft on 4.1 acres set the high price mark for Saratoga homes when it sold for $10,593 in February, 2018.

Saratoga Condo and Town Home Sales for the past 12 months:

A 768 sqft 1br/1ba condo in this complex set the low price mark for Saratoga condominiums and townhouses for the period by selling for $650,000 in July, 2018.

This 2,611 sqft condo set the high price mark for Saratoga condominiums and townhouses when it sold for $2,450,000 in March 2018.

Help me with Saratoga Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.