Pristine Morgan Hill Listing Sold In One Day
Date: Tuesday March 30, 2010Posted in: Sellers, real estate, Morgan Hill
I put a beautiful new listing on the market last Thursday, March 25th. We received an offer for over the asking price of $859,000 the next evening, and had a ratified contract by Saturday. Whew! I haven’t seen a listing in that price range sell that quickly in a long time. It just reinforced what I had told my sellers, this is a GREAT time to put your home on the market! Inventory is extremely low right now and there are plenty of buyers out there looking and wanting to take advantage of the low interest rates and buyer tax incentives.
This is a five bedroom, three full bathroom home with 3176 square feet living area. The lot size is 12,196 square feet with the majority of the square footage in the backyard since this is a cul-de-sac lot. The home was built in 1988 and has many charming features.
The home is pristine and well-cared for. With a large, park-like backyard this home offers a wonderful, private area for entertaining. The pool and spa are enhanced with the rock waterfall. There is a corner of the yard for growing vegetables and many fruit trees as well as other flowering trees and redwoods.
The remodeled kitchen features slab granite, custom cabinetry, stainless appliances, a wet bar with a wine refrigerator and large tile flooring throughout the kitchen and adjoining family room. The huge master suite has a large sitting area and walk-in closet. There are a total of five bedrooms and one bedroom is on the ground floor with a nearby full bathroom.
This light and airy home shows extremely well and so buyers were quick to place their offer on it. Another example of a well-cared for home, priced at market value, receiving what these sellers were hoping for: a quick, above asking price offer!
To see a virtual tour of this property, click on this link: http://www.3cim.com/3cim/tour.do?method=viewTour&id=1269276194078&view=3
buyers homes listings months of inventory Morgan Hill prices pricing real estate residences sales Santa Clara County sellers sellers market
Morgan Hill Seller’s Market?
Date: Wednesday March 3, 2010Posted in: real estate, Morgan Hill, seller's market
What a difference a year makes! A year ago many residences sat languishing on the market while buyers were waiting on the sidelines. Fast forward to the present day: large numbers of well-qualified, motivated buyers are combing the sparse south Santa Clara County real estate inventory and now sellers are sitting on the sidelines! With the low real estate inventory in Morgan Hill and the rest of south Santa Clara County, is it a seller’s market? Let’s look at the data:
The first graph shows the number of residences for sale in Morgan Hill. As can be seen clearly, the number in the past few months has been quite low relative to the past two years. This data is backed up by the second graph which shows the months of inventory for active residential listings on the Morgan Hill real estate market. The months of inventory is the number of months it would take to sell all of the inventory currently on the market using current number of sales per month to determine this number.
With these two graphs in mind, sellers should feel confident in listing their homes in this current market. However, as with any market, pricing is the number one factor in whether your home will sell and how quickly it will sell.
The third graph shows the average sale price for single family residences in Morgan Hill over the past two years. Although it does look like prices have inched up over the past few months, sellers should beware asking exhorbitant prices for their homes - if they are serious about selling their home.
Inventory will gradually increase over the next months in Morgan Hill. But for those sellers currently on the market with a well-priced listing — enjoy your opportunity to choose from the multiple offers you are quickly receiving!
buyers homes listings months of inventory Morgan Hill prices pricing real estate residences sales Santa Clara County sellers sellers marketMulti-million Dollar Real Estate Sales
Date: Tuesday December 8, 2009Posted in: real estate, Morgan Hill, sales
Two high-priced properties went under contract in South County last week. 16367 Reynolds Drive in Morgan Hill, priced at $2,995,000, is a spectaular single-story home located on a prestigious street in the Paradise Valley area of Morgan Hill.
This 5125 square foot home is located on 1.8 beautifully landscaped acres and has 4 bedrooms and 4 bathrooms. A gorgeous kitchen is situated in the midst of all the activity. The family room boasts open hand-hewed ceiling beams. The huge master suite features a fireplace and retreat. The library, wine room and pool table room with wet bar create several spaces for entertaining and relaxing. The backyard also features areas for entertaining including an expansive outdoor dining pavilion with wood fireplace, pizza oven and kitchen. There are formal gardens, along with a custom pool and spa. The real slate roof is another high-end feature on this one-of-a-kind wonderful custom home.
15175 Sycamore Drive, Morgan Hill priced at $2,750,000, also sold last week. An equally spectacular property, this home is 6921 square feet located on 5 level acres and is in the Paradise Valley area of Morgan Hill as well.
This Tuscan inspired villa features all the amenities to be expected in this type of custom estate. The main home is 6300 square feet and includes 4 bedr00ms, 2 offices, 5 full baths, and 2 powder rooms. The detached pool house is 990+ square feet with a full kitchen and full bath. There is parking for 8 cars, a 580 square foot gym/game room with a 1/2 bathroom and a separate workshop.
These two high-priced real estate sales last week are remarkable in that there have only been two closed home sales during all of 2009 that were priced over $2 million.
gilroy high end home house Morgan Hill price pricing real estate residential residents San Martin soldWhat’s Happening to Sales Prices in South County?
Date: Monday September 28, 2009Posted in: real estate, Morgan Hill, San Martin, Gilroy, pricing, sale price
What’s been the trend in sales prices for south Santa Clara County real estate? I’ll break it down by city looking at detached single family residences:
Morgan Hill median Sold Prices, down 31% August ‘08 vs. August ‘09:
Gilroy median Sold Prices August ‘08 vs. August ‘09 down 9%:
San Martin median Sold Prices, down 58% August ‘08 vs. August ‘09:
