South County Real Estate Sales Week of December 22 - 28, 2009
Date: Monday December 29, 2008Posted in: Uncategorized, real estate, Morgan Hill, San Martin, Gilroy, listings, pending sales
Not surprisingly, sales were light during the week of December 22 through 28 in our area of the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. Last week there were 16 residences that went from active to pending status - down from 39 sales the previous week. Of these, 13 were single family homes and 3 were townhouses/condominiums.
Of these sales, the list price ranges were:
Below $200,000 = 1 sale (6% of total)
$200,000 - $500,000 = 11 sales (69% of total)
$500,000 - $800,000 = 2 sales (13% of total)
$800,000 - $1,200,000 = 1 sale (6% of total)
$1,200,000 - $2,000,000 = 1 sale (6% of total)
As of December 28, 2008, there are 621 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy, and 228 pending residential listings. Therefore, 27% 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!
Even though I should be putting together all the necessary data for a listing appointment that I have in Santa Cruz tomorrow with some long-time clients, I can’t take my mind off of the election going on today. And I’ve procrastinated long enough today that results are coming in from the eastern states already. This is the most exciting election I can ever remember, and it’s the first one that my daughter is old enough to vote in. It warms my heart to see such a great voter turn-out. I’m optimistic about the results too - and I don’t remember feeling that way about an election in a long time either!
Okay, back to work….Good thing I voted last week!
Intero Takes Santa Clara County
Date: Thursday October 23, 2008Posted in: Uncategorized, real estate market, real estate, Santa Clara County, Morgan Hill, statistics, Intero Real Estate, market share
I work at the very first Intero Real Estate Services office to open back in 2002. Before this office opened, many of us had worked together previously in Morgan Hill, and so we all moved in together into what was a thriving office from day one. We opened the Morgan Hill branch of Intero on October 22, 2002.
There are now over 60 offices in several states and countries. And, in just 6 years of being in business, on October 22, 2008, there is a good possibility that we will arguably have #1 market share in Santa Clara County - The largest county in Northern California.
Our Intero office has always had the largest share of the real estate market in Morgan Hill. And soon we’ll be able to make the same claim about Santa Clara County. Click on the thumbnail graph below:
