A $465,000 condo just listed in a city where the median sale is $2.4 million
One property appeared on the Los Gatos MLS feed on October 3. Nothing went pending. Nothing closed. On a quiet day, the single listing is the story.
The listing
| Field | Detail |
|---|---|
| Address | 14225 Lora Drive #2 |
| Type | Condominium |
| List price | $465,000 |
| MLS | ML82063472 |
| Status | New listing, appeared on the MLS feed on October 3 |
How it compares with homes like it
The peer context for a specific condominium comp set — same type, similar size, nearby, recent — is not available in the data for a daily roundup. What the market record does show is that $465,000 sits at the low end of all Los Gatos activity: the broader market's low over the last 180 days (222 sales, all property types) was $355,000, and the high reached $7,800,000. A condo at $465,000 is not a typical Los Gatos transaction; the city's overall median price across that same 222-sale window was $2,382,500.
That whole-market median is driven heavily by single-family houses, so it is not a direct measure of where a condo trades. Without a condo-specific peer set in hand, the list price of $465,000 is recorded here as a data point, not a valuation.
Comparable sales
The recent sales below are the closest available from the MLS record. They are single-family homes, not condominiums, so they do not serve as direct comparables for 14225 Lora Drive #2. They are included to illustrate where the broader Los Gatos market has been clearing.
| Address | Recorded | Price | Sq ft | $/sq ft | Distance |
|---|---|---|---|---|---|
| 185 Howes Drive | September 16, 2026 | $1,760,000 | 1,088 | $1,618 | — |
| 16359 Shady View Lane | September 16, 2026 | $2,800,000 | 1,285 | $2,179 | — |
| 23914 Summit Rd | September 15, 2026 | $1,530,000 | 2,040 | $750 | — |
| 546 Pine Wood Lane | September 15, 2026 | $1,140,000 | 1,520 | $750 | — |
| 16381 Roseleaf Court | September 14, 2026 | $3,200,000 | 2,049 | $1,562 | — |
| 104 Edelen Avenue | September 10, 2026 | $1,875,000 | 2,000 | $938 | — |
These six sales (all single-family, MLS status-change basis) range from $1,140,000 to $3,200,000 and from $750 to $2,179 per square foot. None of them are useful as pricing benchmarks for a condominium.
Condominiums across Los Gatos
A condo-specific market breakdown for Los Gatos is not available in the current data. The one data point on record: a list price of $465,000 for a unit at 14225 Lora Drive #2, which appeared on the MLS feed on October 3.
How the Los Gatos market is doing
Across all property types, 222 sales closed in Los Gatos over the last 180 days, against 284 sales in the same 180-day window a year earlier — a drop of roughly 22 percent in volume. The median sale price moved from $2,394,000 to $2,382,500, a decline of about $11,500. The median price per square foot edged up from $1,144 to $1,162. The median home size in the current window was 2,130 square feet on a 10,400-square-foot lot. The price range over the last 180 days ran from $355,000 to $7,800,000.
Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272
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