Recent Reductions in Saratoga
Even the blissfully upscale town of Saratoga is not immune to the downward price pressure seen in the South Bay due to market conditions – and many incredible mansions have prices that are now spiraling downwards towards earth! Here are a few of the bigger reductions in price seen this week:
15550 On Orbit Drive: Recently reduced from $2.895M to $2.295M (a whopping $600K reduction), this home has five bedrooms on 9.8 acres with a creek and a waterfall, plus views of five counties! The price is still in orbit, but is heading down to normalcy.
13973 Quito Oaks Way: This upscale rancher was recently reduced from $1.48M to $1,295,888. It has 2323 square feet, a nice circular driveway, a gas BBQ in the kitchen, and of course – a Saratoga address.
13431 Quito Road: A more “down-to-earth” home, it features 4 beds and 2 baths in 1832 square feet of living space. Originally priced at the “outer reaches of Saratoga” price of $1,099,000 – it has been reduced to $899K.
Saratoga will always be a great place to live – and these reductions make it more affordable for us mere mortals. When the market comes back up, Saratoga will be sure to follow. One caveat is that Saratoga was notoriously overpriced relative to other upscale areas such as Los Gatos and Cupertino – so I do not see a return to inflated values. Look to Saratoga’s near neighbors when planning what your potential ROI will be.
