More Buyer Opportunities
Date: Tuesday July 27, 2010Posted in: Buyers, Morgan Hill, San Martin, Gilroy
For the first time since June of 2009, the number of active residential listings in Santa Clara County has topped the number of pending residential listings. Currently in the county there are 3139 active and 2896 pending single family homes and there are 1260 active and 1217 pending condo/townhouses. Considering the currently amazing low interest rates available for mortgages, and you’ve got a bright outlook for buyers!
In our south county area, Morgan Hill has 182 active and 124 pending single family homes and 17 active and 42 pending condo/townhouses. San Martin has 28 active and 10 pending single family homes. And Gilroy has 144 active and 195 pending single family homes along with 5 active and 15 pending condo/townhouses.
homes real estate residential listings santa clara county single family homes
South County Real Estate Sales Week of May 25 - 31, 2009
Date: Wednesday June 3, 2009Posted in: real estate, Morgan Hill, San Martin, Gilroy, statistics, listings
Residential real estate sales dropped slightly this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. There were 42 residences that went from active to pending status as compared to last week’s 47. Of all the sales this past week, 40 were single family homes and 2 were townhouses/condominiums. The highest priced listing sold last week was 19051 Clayton Avenue in the northern portion of Morgan Hill, a 3090 sq.ft. home on a 22,000 s.f. lot priced at $1,199,000. The lowest priced listing sold last week was a bank-owned home at 23 Carlyle Court in Gilroy priced at $148,500. Sixty-six percent of the sales this week were priced under $500,000 and 10% were above $800,000.
Of these sales, the list price ranges were:
Below $200,000 = 5 sales (11% of total)
$200,000 - $500,000 = 23 sales (55% of total)
$500,000 - $800,000 = 10 sales (24% of total)
$800,000 - $1,200,000 = 4 sales (10% of total)
As of May 31, 2009, there are 355 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy. There are currently 394 pending residential listings. Therefore, 53% of the total listings are pending under contract as of this date. Once again, this is a record amount! 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-two 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 16.14 weeks to sell all south county listings. Therefore we have 4 months supply of inventory.
Tune in next week for an update on the number of sales in South Santa Clara County!
active listings gilroy morgan hill pending listings real estate real estate listings residential listings santa clara county san martin single family sq ft homeSouth County Real Estate Sales Week of May 18 - 24, 2009
Date: Tuesday May 26, 2009Posted in: real estate, Santa Clara County, Morgan Hill, San Martin, Gilroy, statistics, pending sales
Residential real estate sales remained steady this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. There were 47 residences that went from active to pending status as compared to last week’s 45. Of all the sales this past week, 44 were single family homes and 3 were townhouses/condominiums. The highest priced listing sold last week was 1645 Cochrane Road in Morgan Hill, a 3806 sq.ft. home on a one acre property priced at $1,595,000. The lowest priced listing sold last week was a bank-owned home at 525 Grant Court in Gilroy priced at $139,000. Sixty percent of the sales this week were priced under $500,000 and 8% were above $800,000.
Of these sales, the list price ranges were:
Below $200,000 = 6 sales (13% of total)
$200,000 - $500,000 = 22 sales (47% of total)
$500,000 - $800,000 = 15 sales (32% of total)
$800,000 - $1,200,000 = 3 sales (6% of total)
$1.200,000 - $2,000,000 = 1 sale (2% of total)
As of May 24, 2009, there are 381 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy. There are currently 382 pending residential listings. Therefore, 50% of the total listings are pending under contract as of this date. This is a record amount! 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-five 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 15.24 weeks to sell all south county listings. Therefore 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!
active listings gilroy morgan hill pending listings real estate real estate listings residential listings santa clara county san martin single family sq ft homeSouth County Real Estate Sales Week of May 11 - 17, 2009
Date: Tuesday May 19, 2009Posted in: real estate, Morgan Hill, San Martin, Gilroy, statistics
Forty-five residences went from active to pending status this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. Because I escaped on vacation last week, I will not be comparing this week to the past week, but feel free to look through all of my previous Sales posts to compare and contrast. Of all the sales this past week, 41 were single family homes and 4 were townhouses/condominiums. The highest priced listing sold last week was 1511 Morning Star Drive in Morgan Hill, a 2850 sq.ft. home with a beautiful backyard priced at $999,999. The lowest priced listing sold last week was a short sale home at 104 Lilly Avenue in Gilroy priced at $158,400. Sixty-nine percent of the sales this week were priced under $500,000 and only 2% were above $800,000.
Of these sales, the list price ranges were:
Below $200,000 = 2 sales (4% of total)
$200,000 - $500,000 = 29 sales (65% of total)
$500,000 - $800,000 = 13 sales (29% of total)
$800,000 - $1,200,000 = 1 sale (2% of total)
As of May 17, 2009, there are 398 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy. There are currently 379 pending residential listings. Therefore, 49% of the total listings are pending under contract as of this date. 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 16.6 weeks to sell all south county listings. Therefore we have 4 months supply of inventory.
Tune in next week for an update on the number of sales in South Santa Clara County!
condominiums escrow gilroy morgan hill previous sales price ranges real estate listings residential listings santa clara county san martin single family south santa clara south santa clara countySouth County Real Estate Sales Week of April 27 - May 3, 2009
Date: Monday May 4, 2009Posted in: real estate, Morgan Hill, San Martin, Gilroy, statistics, listings, pending sales
The pace of selling residential real estate remained brisk this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy. There were 49 residences that went from active to pending status as compared to last week’s 52. Of all the sales this past week, 44 were single family homes and 5 were townhouses/condominiums. The highest priced listing sold last week was 9568 Estates Drive in Gilroy, a remodeled 3756 sq.ft. home on a 5 acre property priced at $1,189,000. The lowest priced listing sold last week was a short sale home at 8887 Lilly Avenue in Gilroy priced at $139,000. Sixty-nine percent of the sales this week were priced under $500,000 and only 2% were above $800,000.
Of these sales, the list price ranges were:
Below $200,000 = 6 sales (12% of total)
$200,000 - $500,000 = 28 sales (57% of total)
$500,000 - $800,000 = 14 sales (29% of total)
$800,000 - $1,200,000 = 1 sale (2% of total)
As of May 3, 2009, there are 419 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy. There are currently 373 pending residential listings. Therefore, 47% of the total listings are pending under contract as of this date. Many of the pendings are short sales and therefore take a long time to close. This keeps our pending percentage up artificially high.
Twenty-six 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 16.1 weeks to sell all south county listings. Therefore we have 4 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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