South County Sales Week of November 12 - 18, 2008
Date: Wednesday November 19, 2008Posted in: real estate market, real estate, Santa Clara County, Morgan Hill, South Santa Clara County, San Martin, Gilroy, statistics, pending sales, pricing, Morgan Hill Real Estate, Gilroy real estate
Quite a jump in sales last week in the south Santa Clara County area of Morgan Hill, San Martin and Gilroy - especially considering that it is mid November! There were 38 residences that went from active to pending status. Of these, 36 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 = 26 sales (68% of total)
$500,000 - $800,000 = 8 sales (21% of total)
$800,000 - $1,200,000 = 2 sales (5% of total)
$1,200,000 - $2,000,000 = 1 sale (3% of total)
As of November 18, 2008, there are 719 residential listings active on the market in the Morgan Hill, San Martin, Gilroy area, and 228 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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