Who’s Selling Luxury Real Estate in South County?

Date: Monday May 10, 2010
Posted in: South Santa Clara County, luxury real estate

Within the past year, which local real estate company was involved in the vast majority of residential real estate sales in south Santa Clara County that sold for over $1,300,000? Intero Real Estate Services sold most of the high-end homes in the towns of Morgan Hill, Gilroy and San Martin.  In the past year, there have been 15 residences that sold for over $1,300,000.  Of those 15, Intero Real Estate Services represented either the buyer, the seller or both in 13 of the transactions.  Thirteen out of fifteen.  Intero dominates in the luxury real estate market in South Santa Clara County.

15175 Sycamore Dr., Morgan Hill, CA

Other real estate companies like to profess that they are more qualified to sell luxury real estate, but actions speak louder than words.


Add Comment No comments yet

Percentage of Distressed Sales in South County

Date: Sunday January 24, 2010
Posted in: real estate, short sales, Morgan Hill, San Martin, Gilroy, foreclosure, bank-owned

Diane Kawell, an award-winning Realtor in the Tacoma/Seattle area of Washington, mentioned in a comment on my previous post that 44% of all residential real estate sales in her area were distressed sales, i.e. sold listings that are short sales or bank-owned REOs.  This made me curious about what the numbers are in our south Santa Clara County area.

I looked at each community of Morgan Hill, Gilroy and San Martin separately for single family home and condo/townhouse listings sold on the MLS within the past 365 days.  Here is what I found:

Morgan Hill:  total sales = 444,  distressed sales = 231,  percentage distressed = 52%

Gilroy:  total sales =  659,  distressed sales = 491,  percentage distressed = 75%

San Martin:  total sales = 36,  distressed sales = 23,  percentage distressed = 64%

I was somewhat surprised at the large percentage numbers.  Buyers are buying “the deals” and the price discounts on distressed properties are very attractive.  I suppose that I should have been expecting these large percentages.  When I look back at the real estate properties that I sold within the past 365 days, 55% of those properties were either short sales or REOs.


Add Comment No comments yet