What’s new in the real estate market this past week in Morgan Hill, Gilroy and San Martin? See the table below for the twenty-six new active residential listings. A Class 1 listing = single family home and a Class 2 listing = condo/townhouse. There were 3 new condos on the market this past week in South Santa Clara County. Thirty-nine residences went under Contract and twenty-six closed escrow last week.

If you would like to view these or any other properties please call me at (408) 892-9015. I would be happy to make arrangements to show them to you.

NEW RESIDENTIAL LISTINGS 1-26-2012 THRU 2-2-2012

The resort-like backyard will be the centerpiece of future gatherings for the new owner.  At once very private but at the same time open to magnificent views of the Santa Cruz Mountains.

A sparkling 50′ x 20′ pool and raised spa are the focal point of this gorgeous, professionally landscaped yard.  After soaking in the pool, dry off next to the large fire pit which comfortably seats eight around its perimeter.

Tennis, anyone?  Play a game of doubles as your guests take in the match while sitting in the additional adjoining walled patio area.

The huge designer kitchen includes slab granite counters and island, custom cherry and maple cabinets, two Dacor stainless steel ovens, integrated cabinetry Subzero refrigerator and separate Subzero freezer, built-in Miele espresso maker, integrated cabinetry Fisher & Paykel drawer dishwashers and a Miele dishwasher, Dacor six burner gas stove, Miele steam oven, pot filler, stainless steel microwave, soapstone farmhouse sink and separate porcelain sink.

The large master suite with a coffered ceiling includes a fabulous tiled balcony overlooking the lush backyard and the mountains beyond.  Cozy up to the travertine fireplace.  As well as a day lit, large, organized walk-in closet, the master suite also features a large built-in cherry wood desk area with overhead cabinetry.

The master bathroom boasts a large jetted tub set off in it’s own columned niche, a huge walk-in shower made from glass blocks to let in lots of natural light, two sink areas each with marble counters, mosaic marble back splashes, marble flooring and custom cabinetry.

There are too many magnificent details to list on this special one-of-a-kind property.  To schedule a viewing, please call Gretchen Merrick at 408-892-9015.

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.

Number of New SFR Listings in South Santa Clara County in 2011

Number of New SFR Listings in South Santa Clara County 2007 - 2011

 

 

 

 

 

 

 

 

 

Number of Closed SFR in South Santa Clara County in 2011

Number of Closed SFR Sales in South Santa Clara County 2007 - 2011

Median Days On Market in 2011

Median Days on Market for 2007 - 2011

SFR Median Sale Price in South Santa Clara County 2011

SFR Medican Sale Price in South Santa Clara County 2007 - 2011

The home boasts a huge eat-in kitchen, large family room with wood-burning fireplace, dining room area and formal living room all within a bright, open floor plan.  The home has been freshly painted inside and out and also has brand new carpeting throughout the home.  There is an attached 2-car garage, air conditioning and central forced heat.

The large, private backyard is perfect for entertaining with a swimming pool, large concrete patio partially covered by an arbor, and a grassy area.

Features offered by this unique listing:

• Gorgeous views of the eastern foothills
• Four stall barn with tack room
• Three fenced pasture areas
• 1658 square foot main home circa 1940
• Main home includes 2 bedrooms each with an adjoining bathroom, huge living room, dining room with a fireplace, large sun-porch which could be used as a third bedroom and a partial 300 square foot basement
• 741 square foot guest house has a large living room, kitchen, one large bedroom and bathroom
• Air conditioning in main home and central forced air in both homes
• 2-car detached garage
• Quaint well house could be used for additional storage or a studio
• Within desirable Nordstrom School boundary

This property and location present a fantastic opportunity and value!

First we’ll look at the Morgan Hill single family homes graphs.  The first graph shows the number of single family homes for sale versus the number sold.  The number for sale includes those homes that are active listings not under contract as well as those that are pending under contract.

Morgan Hill Homes For Sale vs. Sold

SFR Sales by Price Range in Morgan Hill

Gilroy Homes For Sale vs. Sold

SFR Sales in Gilroy by Price Range

 

San Martin Homes For Sale vs. Sold

SFR Sales in San Martin by Price Range

In all three communities, the number of listings unsold on the market has increased in the past few months.  In both Morgan Hill and San Martin, the price range with the greatest number of sales during the past year is in the $400,000 to $600,000 range.  In Gilroy, the $200,000 to $400,000 price range has the greatest number of sales.