South County Real Estate Today, Gretchen Merrick, real estate, Realtor, median price, average price, days on market, Santa Clara County, South County, Morgan Hill, San Jose, Gilroy, San Martin, Bay Area, property, properties, home, house, buy, sell, Grethen Merrick

South Santa Clara County Real Estate Statistics

Date: Tuesday July 8, 2008
Posted in: real estate market, price, real estate, Morgan Hill, South Santa Clara County, San Martin, Gilroy, statistics, housing market, pricing, average price, housing inventory

t_fvhs1.jpgWell, there is good news to report here in the South County - finally!  In Morgan Hill, San Martin and Gilroy, the number of active listings is down from last month, sales are up and average sale prices have inched up as well.  Looks like we’re in the middle of the summer buying season and buyers are seeing deals too good to pass up!

In those three Santa Clara County cities, the current inventory of single family homes was down to 889 at the end of June as compared to 908 at the end of May.  Still high, but at least it is going in the correct direction.  And the big news is that there were 95 sales in June which is quite a jump from May’s paltry 57!  The average sale price in the south county for June was $702,810 versus $674,717 in May.  The only number that didn’t go in the direction wished for is cumulative days on market, or CDOM.  This rose to 121 days in June from 118 days in May.

From the volume of sales that have occurred already this month, I think July will be a great month as well here in the South County!


Add Comment

3 Comments

RSS feed | Trackback URI

[…] Original post by | South County Real Estate Today […]

Comment by South Santa Clara County Real Estate Statistics · Real-Estate.ExplainedOnline.Net on July 8th, 2008 @ 7:12 pm

[…] Original post by | South County Real Estate Today […]

Comment by South Santa Clara County Real Estate Statistics · Real-Estate-Investing.ExplainedOnline.Net on July 8th, 2008 @ 7:38 pm

[…] Original post by | South County Real Estate Today […]

Comment by South Santa Clara County Real Estate Statistics · Invest-In-Real-Estate.ExplainedOnline.Net on July 8th, 2008 @ 7:44 pm

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>