South County Sales Week of September 10 – September 16, 2008
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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Gretchen Merrick
cell (408) 892 9015
