South County Real Estate Sales Week of December 22 - 28, 2009
Date: Monday December 29, 2008Posted in: Uncategorized, real estate, Morgan Hill, San Martin, Gilroy, listings, pending sales
Not surprisingly, sales were light during the week of December 22 through 28 in our area of the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. Last week there were 16 residences that went from active to pending status - down from 39 sales the previous week. Of these, 13 were single family homes and 3 were townhouses/condominiums.
Of these sales, the list price ranges were:
Below $200,000 = 1 sale (6% of total)
$200,000 - $500,000 = 11 sales (69% of total)
$500,000 - $800,000 = 2 sales (13% of total)
$800,000 - $1,200,000 = 1 sale (6% of total)
$1,200,000 - $2,000,000 = 1 sale (6% of total)
As of December 28, 2008, there are 621 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy, and 228 pending residential listings. Therefore, 27% of the total listings are pending under contract as of this date, still a healthy number for this time of year. Many of the pendings are short sales and therefore take a long time to close. This could keep our pending percentage up artificially high.
Tune in next week for an update on the number of sales in South Santa Clara County!
Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
