Archive for December, 2008
Tuesday Morgan Hill Intero Real Estate Tour
This morning’s office meeting tour included one home in San Martin and four new homes at Eagle Ridge in Gilroy.
This cute home at 13365 Llagas Avenue in San Martin is priced at $679,000. The 3 bedroom/2 bathroom, 1700 sq.ft. home has hardwood floors and lots of curb appeal. It is a cozy home on a 12,000 sq.ft. lot with a large fenced backyard which the current owners use for storage.
This home would be perfect for someone who would like a large backyard to build a workshop or possibly an inlaw unit. It may be overpriced for this current real estate market.
Next we visited four never-occupied homes in Gilroy at Eagle Ridge Golf Club. Two of these homes come furnished and are decorated model homes. The homes are located on Eagle Ridge Drive and Killarney Court.
These homes range in price from $799,000 to $999,000 and they have from 3 to 5 bedrooms with 3 to 4 bathrooms. The square footage of the homes range from 3,048 to 3,772 sq.ft. and the lot sizes span from 7,917 to 11,764 sq.ft. One of the homes has a gorgeous view of the 14th fairway. All of the homes feature distinctive amenities including stainless kitchen appliances, upgraded surfaces, built-in entertainment centers and bookshelves and one home has a pebbletech pool. These homes are well-priced.
South County Sales Week of November 24 – 30, 2008
Sales slowed down last week in our area of the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. There were 23 residences that went from active to pending status. Of these, 21 were single family homes and 2 were condo/townhouses.
Of these sales, the list price ranges were:
$200,000 – $500,000 = 13 sales (57% of total)
$500,000 – $800,000 = 7 sales (30% of total)
$800,000 – $1,200,000 = 3 sales (13% of total)
As of November 30, 2008, there are 676 residential listings active on the market in Morgan Hill, San Martin and Gilroy, and 234 pending residential listings. Therefore, 26% 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!
Gretchen Merrick
cell (408) 892 9015
