South County Sales Week of October 29 - November 4, 2008
Date: Wednesday November 5, 2008Posted in: real estate market, real estate, Santa Clara County, Morgan Hill, South Santa Clara County, San Martin, Gilroy, statistics, residences, pending sales, housing market, list price, housing inventory
Sales weren’t quite as robust this past week in the south Santa Clara County area of Morgan Hill, San Martin and Gilroy. There were 30 residences that went from active to pending status. Of these, 28 were single family homes and 2 were condo/townhouses.
Of these sales, the list price ranges were:
Below $200,000 = 1 sale (3% of total)
$200,000 - $500,000 = 21 sales (70% of total)
$500,000 - $800,000 = 5 sales (17% of total)
$800,000 - $1,200,000 = 2 sales (7% of total)
$1,200,000 - $2,000,000 = 1 sale (3% of total)
As of November 4, 2008, there are 732 residential listings active on the market in the Morgan Hill, San Martin, Gilroy area, and 231 pending residential listings. Therefore, 24% of the listings are pending under contract as of this date.
Tune in next week for an update on the number of sales in South Santa Clara County!
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