This past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy was quite active with a high number of residential sales.  There were 52 residences that went from active to pending status as compared to last week’s 38.  Of all the sales this past week, 48 were single family homes and 4 were townhouses/condominiums.  The highest priced listing sold last week was 9805 Burchell Road in Gilroy, a 10 acre property priced at $1,450,000.  The lowest priced listing sold last week was a short sale condo at 1231 Juniper Dr. #C in Gilroy priced at $97,500.  Sixty-nine percent of the sales this week were priced under $500,000. 

Of these sales, the list price ranges were:

Below $200,000 = 6 sales (11% of total)

$200,000 - $500,000 = 30 sales (58% of total)

$500,000 - $800,000 = 14 sales (27% of total)

$800,000 - $1,200,000 = 1 sale (2% of total)

$1,200,000 - $2,000,000 = 1 sales (2% of total)

As of April 26, 2009, there are 450 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 363 pending residential listings.  Therefore, 45% of the total listings are pending under contract as of this date - an amazing amount.  Many of the pendings are short sales and therefore take a long time to close.  This keeps our pending percentage up artificially high. 

Twenty residential real estate listings closed escrow during the past week in the south county towns of Morgan Hill, San Martin and Gilroy.  If homes continued to sell at this rate it would take 22.5 weeks to sell all south county listings.  Therefore we have 5.6 months supply of inventory. 

Tune in next week for an update on the number of sales in South Santa Clara County!

Wow!  Real estate sales surged this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy!  There were 56 residences that went from active to pending status as compared to last week’s 37.  That is an increase of 34%!  Of all the sales this past week, 54 were single family homes and 2 were townhouses/condominiums.  The highest price listing sold last week was a short sale listing at 18660 Castle Lake Drive in Morgan Hill, priced at $999,999 (originally priced at $1,389,999).  The lowest priced listing sold last week was 1555 Hecker Pass Road #E201 in Gilroy priced at $174,900.  Sixty-nine percent of the sales this week were priced under $500,000.

Of these sales, the list price ranges were:

Below $200,000 = 2 sales (3% of total)

$200,000 - $500,000 = 37 sales (66% of total)

$500,000 - $800,000 = 11 sales (20% of total)

$800,000 - $1,200,000 = 6 sale (11% of total)

As of March 22, 2009, there are 522 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 311 pending residential listings.  Therefore, 37% of the total listings are pending under contract as of this date.  Many of the pendings are short sales and therefore take a long time to close.  This could keep our pending percentage up artificially high. 

However, only 12 residential real estate listings closed escrow during the past week in the south county towns of Morgan Hill, San Martin and Gilroy.  Twelve properties would comprise 1% of the total active and pending listings and 4% of the pending listings.  Hopefully we’ll see a marked increase in these percentages in 30 to 45 days when all of these new pending could potentially close escrow.

Tune in next week for an update on the number of sales in South Santa Clara County!

Real estate sales held steady  this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  There were 37 residences that went from active to pending status and last week there were 39.  Of all the sales this past week, 35 were single family homes and 2 were townhouses/condominiums.  The highest price listing sold last week was a home located at 17027 Heatherwood Way in Morgan Hill, priced at $1,199,950.  The lowest priced listing sold last week was 7468 Church Street, a single family bank-owned home in Gilroy priced at $144,900.  Seventy-five percent of the sales were priced under $500,000.

Of these sales, the list price ranges were:

Below $200,000 = 2 sales (5% of total)

$200,000 - $500,000 = 26 sales (70% of total)

$500,000 - $800,000 = 8 sales (22% of total)

$800,000 - $1,200,000 = 1 sale (3% of total)

As of March 15, 2009, there are 535 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 288 pending residential listings.  Therefore, 35% of the total listings are pending under contract as of this date.  Many of the pendings are short sales and therefore take a long time to close.  This could keep our pending percentage up artificially high. 

Sixteen residential real estate listings closed escrow during the past week in the south county towns of Morgan Hill, San Martin and Gilroy.  Seventeen properties would comprise 2% of the total active and pending listings and 6% of the pending listings.

Tune in next week for an update on the number of sales in South Santa Clara County!

Real estate sales fell slightly during the first week of March in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy as compared to last week’s robust sales.  There were 39 residences that went from active to pending status and last week there were 45.  Of all the sales this past week, 35 were single family homes and 4 were townhouses/condominiums.  The highest price listing sold last week was a Cordevalle estate located at 1445 Lakeview Court in San Martin, priced at $2,595,000.  The lowest priced listing sold last week was 8155 Westwood Drive, #19, a condominium in Gilroy priced at $189,000.

Of these sales, the list price ranges were:

Below $200,000 = 3 sales (8% of total)

$200,000 - $500,000 = 24 sales (61% of total)

$500,000 - $800,000 = 7 sales (18% of total)

$800,000 - $1,200,000 = 3 sales (8% of total)

$1,200,000 - $2,000,000 = 1 sale (2.5% of total)

over $2,000,000 = 1 sale (2.5% of total)

As of March 8, 2009, there are 536 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 291 pending residential listings.  Therefore, 35% of the total listings are pending under contract as of this date.  Many of the pendings are short sales and therefore take a long time to close.  This could keep our pending percentage up artificially high. 

Seventeen residential real estate listings closed escrow during the past week in the south county towns of Morgan Hill, San Martin and Gilroy.  Seventeen properties would comprise 3% of the total active and pending listings and 6% of the pending listings.

Tune in next week for an update on the number of sales in South Santa Clara County!

The last week of February was a busy one for real estate sales in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  There were 45 residences that went from active to pending status as compared to 30 last week - a 33% jump!  Of all the sales last week, 39 were single family homes and 6 were townhouses/condominiums.  The highest price listing sold last week was 8325 Pepper Grass Court in Gilroy, priced at $1,999,950.  The lowest priced listing sold last week was 7670 Eigleberry Street, a single family home in Gilroy priced at $159,900.

Of these sales, the list price ranges were:

Below $200,000 = 3 sales (7% of total)

$200,000 - $500,000 = 31 sales (69% of total)

$500,000 - $800,000 = 9 sales (20% of total)

$800,000 - $1,200,000 = 1 sale (2% of total)

$1,200,000 - $2,000,000 = 1 sale (2% of total)

As of March 1, 2009, there are 535 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 291 pending residential listings.  Therefore, 35% of the total listings are pending under contract as of this date.  Many of the pendings are short sales and therefore take a long time to close.  This could keep our pending percentage up artificially high. 

Due to the high percentage of pending listings week after week, starting this week I will also be reporting the number of residential real estate listings that close escrow during the past week in the south county towns of Morgan Hill, San Martin and Gilroy.  For this past week, 28 homes closed escrow.  Twenty-eight properties would comprise 3.4% of the total active and pending listings and 9.6% of the pending listings.

Tune in next week for an update on the number of sales in South Santa Clara County!

The number of residential sales was down last week compared to the large numbers we have been seeing so far this year in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  There were 30 residences that went from active to pending status as compared to 47 last week.  Of all the sales last week, 27 were single family homes and 3 were townhouses/condominiums.  70% of the sales were priced below $500,000.

Of these sales, the list price ranges were:

Below $200,000 = 1 sale (3.3% of total)

$200,000 - $500,000 = 21 sales (70% of total)

$500,000 - $800,000 = 6 sales (20% of total)

$800,000 - $1,200,000 = 1 sale (3.3% of total)

$1,200,000 - $2,000,000 = 1 sale (2% of total)

As of February 22, 2009, there are 564 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 284 pending residential listings.  Therefore, 33% of the total listings are pending under contract as of this date.  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!

Another very busy week of sales in south Santa Clara County last week.  With the new federal stimulus package approved in congress, buyers may be feeling encouraged.  Investors should take heart in that the number of property loans they will be allowed to hold will increase from 4 to 10 beginning March 1, 2009.  First-time buyers also received good news.  The first time buyer credit was increased from $7500 to $8000 and it is to be a true credit and not an interest free loan to be paid back over 15 years. 

The number of residential sales increased again in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  There were 47 residences that went from active to pending status as compared to 44 last week.  Of all the sales last week, 44 were single family homes and 3 were townhouses/condominiums.  68% of the sales were priced below $500,000.

Of these sales, the list price ranges were:

Below $200,000 = 2 sales (4% of total)

$200,000 - $500,000 = 32 sales (68% of total)

$500,000 - $800,000 = 8 sales (17% of total)

$800,000 - $1,200,000 = 4 sales (9% of total)

$1,200,000 - $2,000,000 = 1 sale (2% of total)

As of February 15, 2009, there are 561 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 281 pending residential listings.  Therefore, 33% of the total listings are pending under contract as of this date.  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!

Whew!  The market was busy in south county last week!  The number of residential sales jumped in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  There were 44 residences that went from active to pending status as compared to 38 last week.  Of all the sales last week, 39 were single family homes and 5 were townhouses/condominiums.  69% of the sales were priced below $500,000.

Of these sales, the list price ranges were:

Below $200,000 = 2 sales (5% of total)

$200,000 - $500,000 = 28 sales (64% of total)

$500,000 - $800,000 = 9 sales (20% of total)

$800,000 - $1,200,000 = 4 sales (9% of total)

$1,200,000 - $2,000,000 = 1 sale (2% of total)

As of February 8, 2009, there are 569 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 261 pending residential listings.  Therefore, 31% of the total listings are pending under contract as of this date.  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!

The number of residential sales fell slightly this week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 38 residences that went from active to pending status as compared to 42 last week.  Of all the sales last week, 37 were single family homes and 1 was a townhouses/condominium.

Of these sales, the list price ranges were:

Below $200,000 = 3 sales (8% of total)

$200,000 - $500,000 = 22 sales (58% of total)

$500,000 - $800,000 = 9 sales (24% of total)

$800,000 - $1,200,000 = 2 sales (5% of total)

$1,200,000 - $2,000,000 = 2 sales (5% of total)

As of February 1, 2009, there are 565 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 248 pending residential listings.  Therefore, 30% of the total listings are pending under contract as of this date.  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!

The number of residential sales held steady this week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 42 residences that went from active to pending status.  Fourteen percent of the residential sales were listed below $200,000.  Of all the sales last week, 32 were single family homes and 10 were townhouses/condominiums.  This week and last week saw a large number of condo sales in our area.

Of these sales, the list price ranges were:

Below $200,000 = 6 sales (14% of total)

$200,000 - $500,000 = 22 sales (52% of total)

$500,000 - $800,000 = 8 sales (19% of total)

$800,000 - $1,200,000 = 4 sales (10% of total)

$1,200,000 - $2,000,000 = 2 sales (5% of total)

As of January 25, 2009, there are 576 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 251 pending residential listings.  Therefore, 30% of the total listings are pending under contract as of this date.  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!

Next page »

Gretchen Merrick, CRS, GRI Phone:408-892-9015 DRE#:01317499 Intero Real Estate Services gmerrick@interorealestate.com Featured Listings 16868 De Witt Ave Morgan Hill, CA 6 BR | 4.50 BA $849,999 More Details 1845 Silverwings Ct Morgan Hill, CA 4 BR | 3 BA $1,025,000 More Details

Subscribe in a reader Website: www.GretchenMerrick.com Open House Announcements What is Your Home Worth? Find out in seconds. The estimated vaue of your home. Markets stats for your city, and zip. Recent sales and comparables Free Online Report Address: City, State or Zip:   Property Watch Get new Listings emailed to you as soon as they hit the market - Don't miss any listings. - It's Free and Save you time. - Cancel Anytime Archives March 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 Real Estate News You Can Use - Fuzed by Gretchen Blogroll 3oceansrealestate (Palo Alto) Front Door Blog Homes Across the Bridge Homescopes - zeroing in on Northern California Mitesserae: friends passionate about mosaicing Napa Valley Real Estate Information Rancho Santa Margarita Real Estate 680 Real Estate For the Soul San Diego Home Blog San Mateo Coastal Real Estate SF Penisula Real Estate Guru Silicon Valley Real Estate Guide Sonoma County Real Estate Team at the Beach Transparent Real Estate Meta Login Entries RSS Comments RSS WordPress.com Follow Me on Twitter... New blog post: Morgan Hill Seller's Market? http://SouthCountyRealEstateToday.com/2010/03/03/morgan-hill-sellers-market/ 1 week ago More updates... Facebook

| RSS | Realivent Broker and Agent Platform | Design by Infektia.net