South County Sales Week of September 3 - September 9, 2008
Date: Wednesday September 10, 2008Posted in: real estate market, real estate, Morgan Hill, South Santa Clara County, San Martin, Gilroy, statistics, pending sales, housing market, list price, housing inventory
Last week was another very good week for sales in the south Santa Clara County area of Morgan Hill, San Martin and Gilroy. Forty-six residences went from active to pending status. Of these, 40 were single family homes and 6 were condo/townhouses.
Of these sales, the list price ranges were:
$200,000 - $500,000 = 20 sales (43.5% of total)
$500,000 - $800,000 = 18 sales (39.1% of total)
$800,000 - $1,200,000 = 6 sales (13% of total)
$1,200,000 - $2,000,000 = 2 sales (2% of total)
As of September 9, 2008, there are 753 residential listings active on the market in the Morgan Hill, San Martin, Gilroy area, and 260 pending residential listings. Therefore, 34.5% of the listings are pending under contract. A very healthy number!
Tune in next week for an update on the number of sales in South Santa Clara County!
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