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Los Gatos First-Time Homebuyer Report for June 2017

June 29th, 2017 10:47 AM by Mike Frangadakis

Los Gatos has a cost of living adjustment score of 276.6, which is very expensive when compared to others in California. Also, the area is considered very affluent with a median income of $107,278 per household. With a median age of 43 years, homes in Los Gatos tend to be older than most. The top schools in the city are Blossom Hill Elementary School, Raymond J. Fisher Middle School, and Los Gatos High School.


If you're looking to explore the best restaurants in Los Gatos, then check out Cin-Cin Wine Bar, Dio Deka, and Manresa, Foursquare's most popular places to eat. If you're looking to get a drink, a favorite is Double D's Sports Grille. And a good place to get a cup of coffee is Los Gatos Coffee Roasting Co.


Los Gatos has some of the more expensive homes in the state with a median home value of $1,068,000 and a current average list price of $2,217,863. The Los Gatos market showed positive signs this week as sales rose 11.6% to hit 48 homes sold over the last 30 days.


A four-bedroom detached home valued around $2,381,697 is considered a typical dwelling in Los Gatos. If a buyer was looking for a similar home, they would need good credit and a $476,339 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $7,748 and the property tax rate is $5.62 per $1,000 of taxable assessed value.


If you are a first time home buying looking for Los Gatos Real Estate contact us today to learn how we can help!


Posted by Mike Frangadakis on June 29th, 2017 10:47 AM

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