Although the Los Gatos new homes for sale market, with four new homes, has a surprising number, it also demonstrates the trend for only luxury new homes to be built in Silicon Valley. Los Gatos has a typical median and average house price of just under $3M. However, the four new homes range in price from $6,995,000 to $11,500,000, all well above the average price of houses sold in Los Gatos. Looking at sales records to understand Los Gatos new construction, shows a fair amount of activity up until about 2021, after which only about two houses have been identified as new construction. With only 25 Silicon Valley new homes for sale, the four new homes for sale in Los Gatos are a significant portion.