South County Sales Week of August 13 - 20, 2008
Date: Wednesday August 20, 2008Posted in: real estate, Morgan Hill, South Santa Clara County, buyer's market, San Martin, Gilroy, statistics, listings, pending sales, housing market, average price
How many south Santa Clara County resdential listings went from active to pending status this past week? In the towns of Morgan Hill, San Martin and Gilroy, there were a total of 41 listings that went under contract last week! That is a very healthy number and shows that buyers are finally getting the message to take advantage of this market.
Of these 41 sales, the list price ranges were as follows:
$200,000 - $500,000 = 27 sales
$500,000 - $800,000 = 9 sales
$800,000 - $1,200,000 = 2 sales
$1,200,000 - $2,000,000 = 3 sales
This is indicative of our lowering median and average prices in the south county due to the low price range of what is selling. It is interesting to note that out of these 41 residential sales last week, only one of the sales was a townhouse/condo.
Tune in next week to see how we fare in sales in the market!
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Comment by South County Sales Week of August 13 - 20, 2008 · Invest-In-Real-Estate.ExplainedOnline.Net on August 20th, 2008 @ 5:48 pm