Within the past year, which local real estate company was involved in the vast majority of residential real estate sales in south Santa Clara County that sold for over $1,300,000? Intero Real Estate Services sold most of the high-end homes in the towns of Morgan Hill, Gilroy and San Martin.  In the past year, there have been 15 residences that sold for over $1,300,000.  Of those 15, Intero Real Estate Services represented either the buyer, the seller or both in 13 of the transactions.  Thirteen out of fifteen.  Intero dominates in the luxury real estate market in South Santa Clara County.

Other real estate companies like to profess that they are more qualified to sell luxury real estate, but actions speak louder than words.

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Sales remained steady in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy during the week of September 14 through September 20.  There were 33 residences that went from active to pending status as compared to the previous week’s 31.  This is down from the typical number of sales this summer when weekly sales numbered in the 40s.  Of all the sales this past week, 29 were single family homes and 4 were townhouses/condominiums. 

The highest priced listing sold last week was 1026 Llagas Road in Morgan Hill, a 4,893 s.f. bank-owned home on a 90,604 s.f. lot priced at $899,000.  This home had been on the market for 44 days. 

The lowest priced listing sold last week was also a bank-owned condo at 7598 Monterey Street in Gilroy, a one bedroom/one bathroom priced at $78,900.  This 3 year old property had been on the market for 54 days.

Seventy-three percent of the sales this week were priced under $500,000 and only 6% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 5 sales (15% of total)

$200,000 - $500,000 = 19 sales (58% of total)

$500,000 - $800,000 = 7 sales (21% of total)

$800,000 - $1,200,000 = 2 sale (6% of total)

As of September 20, 2009, there are 287 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 378 pending residential listings.  Therefore, 57% 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. 

Only 15 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 weeks to sell all south county listings.  Therefore, as of this past week, we have 4.8 months supply of inventory. 

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

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Real estate sales numbered 31 in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy during the week of September 7th through 13th.  There were 31 residences that went from active to pending status and the majority of these sales were in the low price ranges.  Of all the sales this past week, 26 were single family homes and 5 condos a townhouses/condominiums.  The highest priced listing sold last week was 1955 Killarney Court in the Eagle Ridge community Gilroy, a 4729 s.f. home on a 14,195 s.f. lot priced at $999,000.  The lowest priced listing sold last week was at 1221 Juniper Drive #E in Gilroy, a 864 s.f. regular sale condo priced at $125,000.  A whopping 84 percent of the sales this week were priced under $500,000 and only 3% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 5 sales (16% of total)

$200,000 - $500,000 = 21 sales (68% of total)

$500,000 - $800,000 = 4 sales (13% of total)

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

As of September 13, 2009, there are 289 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 376 pending residential listings.  Therefore, 57% 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. 

Thirteen 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 22.2 weeks to sell all south county listings.  Therefore, as of this past week, we have 5.5 months supply of inventory. 

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

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Sales held steady this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 32 residences that went from active to pending status as compared to the previous week’s 33.  Of all the sales this past week, 31 were single family homes and 1 was a condominium.  The highest priced listing sold last week was 10748 Green Valley in Gilroy, a 3971 s.f. home on a 2.5 acres priced at $1,299,000.  It had been on the market for 128 days.  The lowest priced residence sold last week was a condo in Gilroy at 1221 Juniper Drive #E, a 864 s.f. home priced at $125,000.  Only 50 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 = 6 sales (19% of total)

$200,000 - $500,000 = 10 sales (31% of total)

$500,000 - $800,000 = 13 sales (41% of total)

$800,000 - $1,200,000 = 2 sales (6% of total)

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

As of August 30, 2009, there are 282 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 367 pending residential listings.  Therefore, 57% 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 11.7 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!

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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!

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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!

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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

Although sales were down this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy, I think we’ll see them spring back up next week if the contracts written over the weekend are any indication.  Buzz around the office shows that the 4th of July holiday weekend was a working weekend for many south country Realtors.  But last week there were 33 residences that went from active to pending status as compared to last week’s 39.  Of all the sales this past week, 28 were single family homes and 5 were townhouses/condominiums.  The highest priced listing sold last week was 18695 Purissima Way in Morgan Hill, a 4059 s.f. home on a 17,103 s.f. lot and priced at $1,099,000 (down from the initial list price of $1,249,000).  The lowest priced listing sold last week was a bank-owned single family residence at 14484 Crowner Avenue in Gilroy, 1228 s.f. home on a 10,500 s.f. lot and priced at $239,900.  Although we had no sales with list prices below $200,000 64% of the sales this week were priced under $500,000 and18% were above $800,000. 

Of these sales, the list price ranges were:

$200,000 - $500,000 = 21 sales (64% of total)

$500,000 - $800,000 = 6 sales (18% of total)

$800,000 - $1,200,000 = 6 sales (18% of total)

As of July 5, 2009, there are 317 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 370 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. 

Twenty-one 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 15 weeks to sell all south county listings.  Therefore, as of this past week, we have 3.8 months supply of inventory. 

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

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Sales perked up this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  There were 39 residences that went from active to pending status as compared to last week’s 33.  Of all the sales this past week, 38 were single family homes and 1 was a townhouse/condominium.  The highest priced listing sold last week was 2400 McDonald Lane in Morgan Hill, a 7550 s.f. home on 21 acres and priced at $2,950,000 (down from the initial list price of $4,350,000) that had been on the market for 390 days.  The lowest priced listing sold last week was a bank-owned single family residence at 534 Hoover Court in Gilroy, 1036 s.f. and priced at $165,000.  Fifty-seven percent of the sales this week were priced under $500,000 and10% were above $800,000. 

Of these sales, the list price ranges were:

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

$200,000 - $500,000 = 19 sales (49% of total)

$500,000 - $800,000 = 13 sales (33% of total)

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

$1,200,000 - $2,000,000 = 0 sales (0% of total)

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

As of June 28, 2009, there are 329 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 375 pending residential listings.  Therefore, 53% 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-eight 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 11.75 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 bank owned condo gilroy Homescopes housing listings Morgan Hill pending real estate residences San Martin Santa Clara County short sale single family sold townhouse

Sales slowed up a bit this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy but many of the homes sold had been on the market at least 100 days - so sellers take heart and hang in there!  There were 33 residences that went from active to pending status as compared to last week’s 46.  Of all the sales this past week, 30 were single family homes and 3 were townhouses/condominiums.  The highest priced listing sold last week was 3480 Bluegrass Court in Morgan Hill, a 2630 s.f. home on a 28,750 s.f. lot in Holiday Lake Estates priced at $950,000 that had been on the market for 395 days.  The lowest priced listing sold last week was a bank-owned condo at 1271 Juniper Dr. #9 in Gilroy, a 742 s.f. condo priced at $98,000 (below $100,000!)  Sixty percent of the sales this week were priced under $500,000 and10% were above $800,000. 

Of these sales, the list price ranges were:

Below $200,000 = 4 sales (12% of total)

$200,000 - $500,000 = 16 sales (48% of total)

$500,000 - $800,000 = 10 sales (30% of total)

$800,000 - $1,200,000 = 3 sales (10% of total)

As of June 21, 2009, there are 332 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 380 pending residential listings.  Therefore, 53% 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-nine 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 11.45 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 bank owned condo gilroy Homescopes housing listings Morgan Hill pending real estate residences San Martin Santa Clara County short sale single family sold townhouse

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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 $2,495,000 More Details

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