Saratoga Creek Drive closed $152,000 over list on a day nothing else moved
One home recorded a closing in Saratoga on October 19. Nothing new came on the market, and nothing went pending. On a day with a single data point, that data point is the story.
The recorded closing
| Address | 12468 Saratoga Creek Drive |
|---|---|
| Segment | Single-family |
| List price | $3,698,000 |
| Sale price | $3,850,000 |
| Over list | $152,000 (4.1%) |
| Size | 2,922 sq ft |
| Price per sq ft | $1,318 |
The home appeared on the MLS feed on October 19 as a recorded closing. At 2,922 square feet and $3.85 million, it came in at $1,318 per square foot.
How it compares with homes like it
The evidence does not include a dedicated peer-sale pull sized and typed to match this specific property, so a strict like-for-like comparison against a defined peer group is not available for this roundup. What the market data does show is described below.
Single-family homes across Saratoga
Over the last 180 days, 131 sales of all property types recorded in Saratoga carried a median price of $4,150,000, a median size of 2,682 square feet, and a median price per square foot of $1,536. The range ran from $770,000 to $17,250,000. A year earlier, over the same 180-day window, 147 sales posted a median price of $4,100,000 and a median price per square foot of $1,481. Volume is down about 11 percent year over year; the median price per square foot is up roughly 4 percent.
The Saratoga Creek Drive closing at $1,318 per square foot sits below the 180-day citywide median of $1,536 per square foot across those 131 sales. Recent individual closings in the broader market have ranged from $1,525 per square foot (12425 Woodside Drive, 2,295 sq ft, closed September 13) to $1,860 per square foot (19201 Harleigh Drive, 2,742 sq ft, closed September 10).
How the Saratoga market is doing
The figures below cover all property types in Saratoga.
| Metric | Last 180 days | Same period, prior year |
|---|---|---|
| Sales | 131 | 147 |
| Median price | $4,150,000 | $4,100,000 |
| Median price per sq ft | $1,536 | $1,481 |
| Median size | 2,682 sq ft | — |
| Price range | $770K – $17.25M | — |
Transaction count is running below last year's pace — 131 sales versus 147 over the comparable prior-year window. The median sale price has nudged up $50,000, and the median price per square foot has moved from $1,481 to $1,536, a gain of $55 per square foot. A slower market with modestly firmer pricing on the homes that do trade is the picture the 131-sale sample describes.
Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272
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