Here's a Los Gatos Home for Less Than $250,000

53 homes with a Los Gatos postal address were sold between October 2011 and October 2012, according to information released this week by Dataquick.

The median price of those homes rose 16.16 percent during the same period, accelerating from $990,000 to a little over a million dollars, at $1,150,000.

But there is hope for the first-time homebuyer, even in an expensive area like our town.

Take this home, now on the market for $249,000. Two bedrooms, two baths; it is a bit tight, with 800 square feet. But lots of fresh air, and probably lots of peace and quiet. The lot it sits on is nearly five acres large.

The home is located up in the Santa Cruz Mountains, but maintains a Los Gatos address, at 30130 Highland Way.

You can find more details of the mobile home at the AOL real estate website.