South County Sales Week of September 10 - September 16, 2008
Date: Thursday September 18, 2008Posted in: real estate market, Morgan Hill, South Santa Clara County, San Martin, Gilroy, statistics, contract, residences, pending sales, housing market, list price, housing inventory
Sales weren’t quite as robust this past week as they have been during the past several weeks, but still a healthy 36 residential listings went under contract in the south Santa Clara County area of Morgan Hill, San Martin and Gilroy. Thirty-five of these sales were for single family residences and one sale was a condo/townhouse.
Of these sales, the list price ranges were:
$200,000 - $500,000 = 19 sales (53% of total)
$500,000 - $800,000 = 9 sales (25% of total)
$800,000 - $1,200,000 = 8 sales (22% of total)
$1,200,000 - $2,000,000 = 0 sales
As of September 17, 2008, there are 738 residential listings active on the market in the Morgan Hill, San Martin, Gilroy area, and 265 pending residential listings. Therefore, 26% of the listings are pending under contract. Less than last week but still a percentage that is indicative of a healthy real estate market.
Tune in next week for an update on the number of sales in South Santa Clara County!
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