"The property at 16665 Magneson Loop, Los Gatos, sold for $5,950,000, highlighting a continuing trend of high-value real estate transactions in the area."
"The multi-generational appeal of Los Gatos is reflected in its real estate market, where an older home can transact at a high price due to location and demand."
The recent sale of a property at 16665 Magneson Loop in Los Gatos for nearly $6 million underscores the area’s high-value real estate market. Built in 1938 and consisting of three bedrooms within 1,386 square feet, the single-story home sold for $4,293 per square foot. Comparisons with nearby homes illustrate a consistent pattern of significant sales, reflecting a regional trend where the demand for housing remains high, supported by various factors like location appeal and housing scarcity.
Read at The Mercury News
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