South County Real Estate Today

South County Real Estate 2011 Year In Review

January 12th, 2012 // Categorized under: Market Trends

Wow!  Another year come and gone.  They seem to go faster with every year that passes.

Let’s take a look back at what the single family residence (SFR) real estate market did in the south Santa Clara County towns of Gilroy, Morgan Hill and San Martin.  The following graphs include data from all three towns as a whole and only reflects the single family home properties.

First we’ll look at the NUMBER OF NEW SFR LISTINGS IN 2011 and then compare to the same data collected for the past 5 years.  The number of new listings coming on the market in December was low, but not surprising for that time of year.

The next pair of graphs show the NUMBER OF CLOSED SFR LISTINGS IN 2011 and then compares it to 2007 – 2011.  December 2011 produced a large jump in closed SFR listings in south county, even when compared to the previous five years.

The third pair of graphs show the MEDIAN DAYS ON MARKET FOR SFR LISTINGS DURING 2011 and compares it to 2007 – 2011.  The median days to sell SFRs varied between the low 30s to high 70s this past year.  This looks good compared to the peaks in 2007 and 2008.

And the last pair of graphs look at the MEDIAN SALE PRICE FOR SFR IN 2011 and compares it to 2007 – 2011.  The median SFR sale price held pretty steady in south county for 2011.  It has not altered too much during the past few years but is approximately 50% of the peak it reached during the real estate boom.

Click on any of the graphs for a larger view.

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This entry was posted on Thursday, January 12th, 2012 at 3:27 pm and is filed under Market Trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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