I have noted that the activity in the past 3-4 months in Saratoga and Los Gatos has definitey picked up. Homes that were previously on the market for a long time has been selling at a pretty decent rate.
The sentiment has definitely improved. A the moment there are 133 active listings in Saratoga from $499,000 ( Land value) to $19.5M, and there are 39 homes under contract. I can also send you data for recent transactions and up to the minute information on other transactions as well.
Let me know if I can help you in this area as well as Los Gatos. Thanks.