Exquisite, private estate nestled on 5.64 acres in a highly desirable gated area of Morgan Hill with magnificent views of the valley, mountains and city lights from every room.  Well-thought out 5603 square foot floorplan with 5 bedrooms, office and 6 bathrooms. 

Priced at $2,595,000 

For more information, contact me at 408-892-9015 or Sold@GretchenMerrick.com

Also see:  www.2220LiberataDrive.com

         (Click on thumbnail picture to enlarge)

·         Grand front entrance with sweeping staircases and panoramic views ·         Soaring ceilings throughout home·         Gracious living room and dining room designed for lavish entertaining

                                                                

·         Large designer kitchen includes slab granite counters and island, custom alder cabinets, stainless steel built-in refrigerator, three stainless steel ovens plus microwave oven, two sinks, central vacuum “crumb catcher”, and a spacious, bright breakfast nook ·         Kitchen adjoins large family room with a wood burning fireplace, wired for flat screen tv above, built-in alder bookcases and cabinetry, wet bar with wine refrigerator

                    

·         Large master retreat includes a wet bar with refrigerator, fireplace and lovely views ·         The master bathroom features lighted crown molding, a large walk-in marble shower, jetted bathtub, two sink areas, huge walk-in closet with complete laundry room (in addition to downstairs laundry room)

                                         

·         Richly appointed office features built-in alder bookshelves, desks and cabinetry ·         Downstairs second family room may be used as an entertainment/media room and contains a beverage center, built-in shelving, wall niches ·         Four additional large bedrooms each with an adjoining bathroom and spacious walk-in closets with built-in shelving and all with breathtaking views ·         550 bottle wine cellar with lovely trompe l’oeil wall paintings ·         Rich mahogany flooring throughout much of the home ·         Communications closet for easy access to:  smart cable run to every room, monitored alarm system (fire and security), telephone system, TV system, stereo system, closed-circuit tv camera ·         Dramatic backyard courtyard perfect for entertaining ·         Built-in barbecue and beverage center with sink and refrigerator ·         Putting green for perfecting your putting skills ·         Terraced entertaining areas featuring a roomy spa at the top with commanding views of the valley and mountains beyond

                                       

·         106 installed low voltage landscape lights throughout property ·         Area for future guest house·         Rock retaining walls and low maintenance plantings and grassy areas ·         Hundreds of trees recently planted on the property ·         Numerous amenities throughout the home include high ceilings, crown molding, antique bronze hardware, custom drywall texturing, wall niches, built-in storage ·         Water is treated by a $10,000 commercial water conditioning system (Beatron Water Filter and Conditioner) ·         Security camera placed on the exterior of the home and accessible from the internet and recorded ·         The home features 3 distinct heating and cooling zones with 3 heaters and 3 air conditioners ·         Three 5000 gallon tanks are located on the property for house use, irrigation and fire safety sprinklers. Annual water costs very low. ·         Two laundry rooms·         Central vacuum system ·         The estate is located on a gated, private road which leads to only three residences.  The home is 1200 feet to Main Avenue. ·         Easy access to Highway 101, yet still very private

listing luxury Morgan Hill real estate residences Santa Clara County

Real estate sales numbered 33 in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy during the week of August 17 through August 23.  There were 33 residences that went from active to pending status.  Of all the sales this past week, 32 were single family homes and 1 was a townhouses/condominiums.  The highest priced listing sold last week was my listing at 1845 Silverwings Court in Morgan Hill, a 3200 s.f. home on a 15,246 s.f. lot priced at $1,025,000.  This short sale home sold quickly in 24 days.  The lowest priced listing sold last week was a home at 256 2nd Street in Gilroy, a 842 s.f. on 2100 s.f. lot priced at $134,500.  Fifty-eight percent of the sales this week were priced under $500,000 and 9% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 3 sales (9% of total)

$200,000 - $500,000 = 16 sales (49% of total)

$500,000 - $800,000 = 11 sales (33% of total)

$800,000 - $1,200,000 = 3 sales (9% of total)

As of August 23, 2009, there are 291 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 368 pending residential listings.  Therefore, 56% of the total listings are pending under contract as of this date.  However, many of the pendings are short sales and therefore take a long time to close.  This keeps our pending percentage up artificially high. 

Twenty-four 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 12.1 weeks to sell all south county listings.  Therefore, as of this past week, we have 3 months supply of inventory. 

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

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales jumped this past 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 as compared to the previous week’s 37.  Of all the sales this past week, 39 were single family homes and 3 were townhouses/condominiums.  The highest priced listing sold last week was 13660 Sycamore Drive in Morgan Hill, a 2001 s.f. home on a 54,450 s.f. lot in a gorgeous rural area priced at $939,000.  This lovely home had been on and off the market for quite a while and had been originally priced at $1.348,000 in 2007.  The lowest priced listing sold last week was a bank-owned home in one of the newer downtown Gilroy condos at 7598 Monterey Street, #260, a 706 s.f. home priced at $99.900.  Sixty-nine percent of the sales this week were priced under $500,000 and 10% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 8 sales (19% of total)

$200,000 - $500,000 = 21 sales (50% of total)

$500,000 - $800,000 = 9 sales (21% of total)

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

As of July 26, 2009, there are 321 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 354 pending residential listings.  Therefore, 52% of the total listings are pending under contract as of this date.  However, many of the pendings are short sales and therefore take a long time to close.  This keeps our pending percentage up artificially high. 

A whopping 30 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 10.7 weeks to sell all south county listings.  Therefore, as of this past week, we have 2.7 months supply of inventory. 

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

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales increased by one this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 37 residences that went from active to pending status as compared to last week’s 36.  Of all the sales this past week, 34 were single family homes and 3 were townhouses/condominiums.  The highest priced listing sold last week was 18241 Llagas Creek Drive in Morgan Hill, a 3441 s.f. home on a 20,037 s.f. lot and priced at $1,014,000, down from the original $1,139,000 price when listed 125 days prior.  The lowest priced listing sold last week was a bank-owned home in the senior community of Village Green, 7745 Isabella Way in Gilroy, a 818 s.f. home priced at $198,000 and 12 days on the market.  Sixty-two percent of the sales this week were priced under $500,000 and 11% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 1 sale (3% of total)

$200,000 - $500,000 = 22 sales (59% of total)

$500,000 - $800,000 = 10 sales (27% of total)

$800,000 - $1,200,000 = 4 sales (11% of total)

$1,200,000 - $2,000,000 = 1 sale (3% of total)

The number of active listings went down and pending sales rose.  As of July 12, 2009, there are 326 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 360 pending residential listings.  Therefore, 52% of the total listings are pending under contract as of this date.  However, many of the pendings are short sales and therefore take a long time to close.  This keeps 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.  If homes continued to sell at this rate it would take 20 weeks to sell all south county listings.  Therefore, as of this past week, we have 5 months supply of inventory. 

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

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales increased slightly this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 36 residences that went from active to pending status as compared to last week’s 33.  Of all the sales this past week, 32 were single family homes and 4 were townhouses/condominiums.  The highest priced listing sold last week was 15440 Carey Lane in San Martin, a 7525 s.f. home on an approximately 3 acre lot and priced at $1,699,000.  This home is a short sale.  The lowest priced listing sold last week was a short sale condominium at 7705 Murray Avenue in Gilroy, 908 s.f. home priced at $85,000.  Fifty percent of the sales this week were priced under $500,000 and 6% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 5 sales (14% of total)

$200,000 - $500,000 = 13 sales (36% of total)

$500,000 - $800,000 = 16 sales (44% of total)

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

$1,200,000 - $2,000,000 = 1 sale (3% of total)

This is the first week in quite a while that the number of active listings rose and the number of pending sales dropped.  As of July 12, 2009, there are 333 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 357 pending residential listings.  Therefore, 52% of the total listings are pending under contract as of this date.  However, many of the pendings are short sales and therefore take a long time to close.  This keeps our pending percentage up artificially high. 

Twenty-three 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 14.5 weeks to sell all south county listings.  Therefore, as of this past week, we have 3.6 months supply of inventory. 

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

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales jumped up this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy, although no homes priced above $900,000 were sold. There were 46 residences that went from active to pending status as compared to last week’s 32.  Of all the sales this past week, 39 were single family homes and 7 were townhouses/condominiums.  The highest priced listing sold last week was 18175 Carriage Drive in Morgan Hill, a 3728 s.f. home priced at $899,000 that had been on the market for 343 days.  The lowest priced listing sold last week was a bank-owned condo at 7598 Monterey Street, #260 in Gilroy, a 706 s.f., 3 year old condo priced at $110,000 and located in the new mixed used development in downtown Gilroy.  Sixty-three percent of the sales this week were priced under $500,000 and only 4% were above $800,000. 

Of these sales, the list price ranges were:

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

$200,000 - $500,000 = 27 sales (59% of total)

$500,000 - $800,000 = 15 sales (33% of total)

$800,000 - $1,200,000 = 2 sales (4% of total)

As of June 7, 2009, there are 336 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 388 pending residential listings.  Therefore, 54% of the total listings are pending under contract as of this date.  However, many of the pendings are short sales and therefore take a long time to close.  This keeps 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.  If homes continued to sell at this rate it would take 19.8 weeks to sell all south county listings.  Therefore we have 5 months supply of inventory. 

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

active bank owned condo gilroy Homescopes housing listings Morgan Hill pending real estate residences San Martin Santa Clara County short sale single family sold townhouse

This past week saw a decline in the number of sales in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy, possiblya reaction to the jump in interest rates several weeks ago. There were 32 residences that went from active to pending status as compared to last week’s 42.  Of all the sales this past week, 28 were single family homes and 4 were townhouses/condominiums.  The highest priced listing sold last week was 1610 Arguello Court in Morgan Hill, a 4059 s.f. home on a 18,360 s.f. lot priced at $1,275,000 and a former Alicante model home.  The lowest priced listing sold last week was a bank-owned single family home at 7361 Eigleberry Street in Gilroy, a 1856 s.f. 3/2 home on a 7000 s.f. lot priced at $146.200.  Gilroy has some great bargains these days.  Sixty-nine percent of the sales this week were priced under $500,000 and 12% were above $800,000. 

Of these sales, the list price ranges were:

Below $200,000 = 3 sales (9% of total)

$200,000 - $500,000 = 19 sales (60% of total)

$500,000 - $800,000 = 6 sales (19% of total)

$800,000 - $1,200,000 = 3 sales (9% of total)

$1,200,000 - $2,000,000 = 1 sale (3% of total)

As of June 7, 2009, there are 354 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 382 pending residential listings.  Therefore, 52% of the total listings are pending under contract as of this date.  However, many of the pendings are short sales and therefore take a long time to close.  This keeps our pending percentage up artificially high. 

Twenty-two 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 16.1 weeks to sell all south county listings.  Therefore we have 4 months supply of inventory. 

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

active listings gilroy morgan hill pending listings real estate real estate listings residential listings santa clara county san martin single family sq ft home

Residential real estate sales dropped slightly this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. There were 42 residences that went from active to pending status as compared to last week’s 47.  Of all the sales this past week, 40 were single family homes and 2 were townhouses/condominiums.  The highest priced listing sold last week was 19051 Clayton Avenue in the northern portion of Morgan Hill, a 3090 sq.ft. home on a 22,000 s.f. lot priced at $1,199,000.  The lowest priced listing sold last week was a bank-owned home at 23 Carlyle Court in Gilroy priced at $148,500.  Sixty-six percent of the sales this week were priced under $500,000 and 10% were above $800,000. 

Of these sales, the list price ranges were:

Below $200,000 = 5 sales (11% of total)

$200,000 - $500,000 = 23 sales (55% of total)

$500,000 - $800,000 = 10 sales (24% of total)

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

As of May 31, 2009, there are 355 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 394 pending residential listings.  Therefore, 53% of the total listings are pending under contract as of this date.  Once again, this is a record amount!  However, many of the pendings are short sales and therefore take a long time to close.  This keeps our pending percentage up artificially high. 

Twenty-two 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 16.14 weeks to sell all south county listings.  Therefore we have 4 months supply of inventory. 

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

active listings gilroy morgan hill pending listings real estate real estate listings residential listings santa clara county san martin single family sq ft home

The graph above of Santa Clara County residential real estate transactions visually tells the story of our bumpy ride the past five years.  At the far right of the graph, you’ll see 05/01/09.  Notice how the pink line (pending single family residence listings) and the blue line (active single family listings) are approaching each other.  That’s a good thing!  We are approaching a much more balanced market.

Now notice one year previous, May of 2008.  The blue and the pink line have a huge gap between them.  Listings pending under contract were rarer at that time, but the active listings were plentiful.  Can you say buyer’s market?  Now glance back to the left of the graph for the years 2004, 2005 and roughly the first half of 2006.  This shows that the pending sales were right on par with the active listings.  Very much a seller’s market because there was a small supply of homes available and there was a large demand.

This graph tells the story visually of how market conditions effect can effect pricing, days on market and other real estate metrics.

The pace of selling residential real estate remained brisk this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  There were 49 residences that went from active to pending status as compared to last week’s 52.  Of all the sales this past week, 44 were single family homes and 5 were townhouses/condominiums.  The highest priced listing sold last week was 9568 Estates Drive in Gilroy, a remodeled 3756 sq.ft. home on a 5 acre property priced at $1,189,000.  The lowest priced listing sold last week was a short sale home at 8887 Lilly Avenue in Gilroy priced at $139,000.  Sixty-nine percent of the sales this week were priced under $500,000 and only 2% were above $800,000. 

Of these sales, the list price ranges were:

Below $200,000 = 6 sales (12% of total)

$200,000 - $500,000 = 28 sales (57% of total)

$500,000 - $800,000 = 14 sales (29% of total)

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

As of May 3, 2009, there are 419 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 373 pending residential listings.  Therefore, 47% 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 keeps our pending percentage up artificially high. 

Twenty-six 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 16.1 weeks to sell all south county listings.  Therefore we have 4 months supply of inventory. 

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

acre property gilroy morgan hill price ranges real estate real estate listings residential listings santa clara county san martin single family south santa clara south santa clara county

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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 $0 More Details 1845 Silverwings Ct Morgan Hill, CA 4 BR | 3 BA $1,025,000 More Details 2220 Liberata Dr Morgan Hill, CA 5 BR | 6 BA $2,595,000 More Details

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