New Premier Listing in Morgan Hill
Date: Friday June 4, 2010Posted in: listings, Morgan Hill Real Estate, luxury real estate
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
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 marketMorgan 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 marketSouth County Real Estate Sales Week of June 15 - 21, 2009
Date: Wednesday June 24, 2009Posted in: real estate, Morgan Hill, South Santa Clara County, San Martin, Gilroy, statistics
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 townhouseSouth County Real Estate Sales Week of June 8 - 14, 2009
Date: Tuesday June 16, 2009Posted in: real estate, Morgan Hill, San Martin, Gilroy, statistics, listings, pending sales
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
