A $4 million close on Lora Drive — $300,000 under ask
The single most telling number from October 20 in Los Gatos: 14302 Lora Drive listed at $4,300,000 and recorded a closing at $4,000,000, a gap of $300,000. On a house of 4,467 square feet, that works out to $895 per square foot on the sale price.
What came on
One property appeared on the MLS feed on October 20.
| Field | Detail |
|---|---|
| Address | 108 Walnut Hill Court |
| Type | Condominium |
| List price | $1,100,000 |
| MLS | ML82065097 |
No price-per-square-foot is available in the record for the new listing; square footage was not reported.
What closed
One recorded closing hit the feed.
| Field | Detail |
|---|---|
| Address | 14302 Lora Drive |
| Type | Single-family |
| List price | $4,300,000 |
| Sale price | $4,000,000 |
| Size | 4,467 sq ft |
| Sale $/sq ft | $895.46 |
The $300,000 list-to-sale gap is the day's headline figure. At $895 per square foot, the closing sits well below the city-wide median of $1,163 per square foot across all property types over the last 180 days — but that broader figure covers a market that runs from $495,000 to $7,800,000 and spans condos through large single-family homes, so it should be read as context, not a direct comparison. No like-for-like peer sales for a home of this size and type were available in the data for this roundup.
What went pending
Nothing. Zero properties moved to pending on October 20.
Single-family homes and condos across Los Gatos
The MLS feed does not break out a separate condo-only or single-family-only market summary for today's roundup. The figures below cover all property types.
How the Los Gatos market is doing
Across all property types, 193 sales recorded in Los Gatos over the last 180 days show a median price of $2,480,000 and a median of $1,163 per square foot, on a median size of 2,136 square feet. The range runs from $495,000 to $7,800,000. Over the same 180-day window one year ago, 278 sales recorded at a median of $2,407,500. That is 85 fewer transactions year-over-year on a comparable period, with the median price up roughly 3 percent. Today's closing at $895 per square foot on a 4,467-square-foot home lands below that all-type median rate, though the size of 14302 Lora Drive puts it well above the market's median footprint of 2,136 square feet.
Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272
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