Discover Los Gatos
Investing in real estate in Los Gatos, California, presents a dynamic and competitive market as of 2023. The area is known for its highly competitive housing market, with homes receiving an average of three offers and selling in about 13 days. This rapid sales pace is reflective of the high demand in the area.
The housing inventory in Los Gatos varies by type, with a significant increase in larger homes with more bedrooms. This trend points towards a growing demand for family-sized homes, making them a promising investment for rental properties. Specifically, the inventory of two-bedroom homes increased by 20%, and homes with more than five bedrooms saw an increase of 14.7%, suggesting a demand for spacious living options.
From a property management perspective, the most lucrative investments in Los Gatos would likely be properties that cater to the needs of families and professionals. This includes homes with multiple bedrooms, modern amenities, and proximity to local attractions like downtown Los Gatos, Vasona Lake County Park, and the numerous hiking trails and natural spaces that define the area.