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

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

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 market

Sales remained steady in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy during the week of September 14 through September 20.  There were 33 residences that went from active to pending status as compared to the previous week’s 31.  This is down from the typical number of sales this summer when weekly sales numbered in the 40s.  Of all the sales this past week, 29 were single family homes and 4 were townhouses/condominiums. 

The highest priced listing sold last week was 1026 Llagas Road in Morgan Hill, a 4,893 s.f. bank-owned home on a 90,604 s.f. lot priced at $899,000.  This home had been on the market for 44 days. 

The lowest priced listing sold last week was also a bank-owned condo at 7598 Monterey Street in Gilroy, a one bedroom/one bathroom priced at $78,900.  This 3 year old property had been on the market for 54 days.

Seventy-three percent of the sales this week were priced under $500,000 and only 6% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 5 sales (15% of total)

$200,000 - $500,000 = 19 sales (58% of total)

$500,000 - $800,000 = 7 sales (21% of total)

$800,000 - $1,200,000 = 2 sale (6% of total)

As of September 20, 2009, there are 287 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 378 pending residential listings.  Therefore, 57% 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. 

Only 15 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 weeks to sell all south county listings.  Therefore, as of this past week, we have 4.8 months supply of inventory. 

Tune in next week for an update on the number of sales in South Santa Clara County!

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Real estate sales numbered 31 in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy during the week of September 7th through 13th.  There were 31 residences that went from active to pending status and the majority of these sales were in the low price ranges.  Of all the sales this past week, 26 were single family homes and 5 condos a townhouses/condominiums.  The highest priced listing sold last week was 1955 Killarney Court in the Eagle Ridge community Gilroy, a 4729 s.f. home on a 14,195 s.f. lot priced at $999,000.  The lowest priced listing sold last week was at 1221 Juniper Drive #E in Gilroy, a 864 s.f. regular sale condo priced at $125,000.  A whopping 84 percent of the sales this week were priced under $500,000 and only 3% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 5 sales (16% of total)

$200,000 - $500,000 = 21 sales (68% of total)

$500,000 - $800,000 = 4 sales (13% of total)

$800,000 - $1,200,000 = 1 sale (3% of total)

As of September 13, 2009, there are 289 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 376 pending residential listings.  Therefore, 57% 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. 

Thirteen 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 22.2 weeks to sell all south county listings.  Therefore, as of this past week, we have 5.5 months supply of inventory. 

Tune in next week for an update on the number of sales in South Santa Clara County!

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales held steady this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 32 residences that went from active to pending status as compared to the previous week’s 33.  Of all the sales this past week, 31 were single family homes and 1 was a condominium.  The highest priced listing sold last week was 10748 Green Valley in Gilroy, a 3971 s.f. home on a 2.5 acres priced at $1,299,000.  It had been on the market for 128 days.  The lowest priced residence sold last week was a condo in Gilroy at 1221 Juniper Drive #E, a 864 s.f. home priced at $125,000.  Only 50 percent of the sales this week were priced under $500,000 and 9% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 6 sales (19% of total)

$200,000 - $500,000 = 10 sales (31% of total)

$500,000 - $800,000 = 13 sales (41% of total)

$800,000 - $1,200,000 = 2 sales (6% of total)

 $1,200,000 - $2,000,000 = 1 sale (3% of total)

As of August 30, 2009, there are 282 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 367 pending residential listings.  Therefore, 57% 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-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 11.7 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 gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Real estate sales numbered 33 in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy during the week of August 17 through August 23.  There were 33 residences that went from active to pending status.  Of all the sales this past week, 32 were single family homes and 1 was a townhouses/condominiums.  The highest priced listing sold last week was my listing at 1845 Silverwings Court in Morgan Hill, a 3200 s.f. home on a 15,246 s.f. lot priced at $1,025,000.  This short sale home sold quickly in 24 days.  The lowest priced listing sold last week was a home at 256 2nd Street in Gilroy, a 842 s.f. on 2100 s.f. lot priced at $134,500.  Fifty-eight percent of the sales this week were priced under $500,000 and 9% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 3 sales (9% of total)

$200,000 - $500,000 = 16 sales (49% of total)

$500,000 - $800,000 = 11 sales (33% of total)

$800,000 - $1,200,000 = 3 sales (9% of total)

As of August 23, 2009, there are 291 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 368 pending residential listings.  Therefore, 56% 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-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 12.1 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 gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales remained steady in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy during the week of July 27 through August 2.  There were 41 residences that went from active to pending status as compared to the previous week’s 42.  Of all the sales this past week, 37 were single family homes and 4 were townhouses/condominiums.  The highest priced listing sold last week was 18655 Castle Lake Drive in Morgan Hill, a 5,535 s.f. home on a 44,431 s.f. lot priced at $1,350,000.  This home had been on the market for 246 days.  The lowest priced listing sold last week was a rural home at 6760 Croy Road in Morgan Hill, a 1812 s.f. on about 10 acres priced at $169,900.  This home had been on the market for 230 days.  Seventy-three percent of the sales this week were priced under $500,000 and 7% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 2 sales (5% of total)

$200,000 - $500,000 = 28 sales (68% of total)

$500,000 - $800,000 = 8 sales (20% of total)

$800,000 - $1,200,000 = 1 sale (2% of total)

$1,200,000-$2,000,000 = 2 sales (5% of total)

As of August 2, 2009, there are 314 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 356 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. 

A whopping 30 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 10.5 weeks to sell all south county listings.  Therefore, as of this past week, we have 2.6 months supply of inventory. 

Tune in next week for an update on the number of sales in South Santa Clara County!

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales jumped this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 42 residences that went from active to pending status as compared to the previous week’s 37.  Of all the sales this past week, 39 were single family homes and 3 were townhouses/condominiums.  The highest priced listing sold last week was 13660 Sycamore Drive in Morgan Hill, a 2001 s.f. home on a 54,450 s.f. lot in a gorgeous rural area priced at $939,000.  This lovely home had been on and off the market for quite a while and had been originally priced at $1.348,000 in 2007.  The lowest priced listing sold last week was a bank-owned home in one of the newer downtown Gilroy condos at 7598 Monterey Street, #260, a 706 s.f. home priced at $99.900.  Sixty-nine 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:

Less than $200,000 = 8 sales (19% of total)

$200,000 - $500,000 = 21 sales (50% of total)

$500,000 - $800,000 = 9 sales (21% of total)

$800,000 - $1,200,000 = 4 sales (10% of total)

As of July 26, 2009, there are 321 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 354 pending residential listings.  Therefore, 52% 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. 

A whopping 30 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 10.7 weeks to sell all south county listings.  Therefore, as of this past week, we have 2.7 months supply of inventory. 

Tune in next week for an update on the number of sales in South Santa Clara County!

active gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

Sales increased by one this past week in the south Santa Clara County towns of Morgan Hill, San Martin and Gilroy.  Last week there were 37 residences that went from active to pending status as compared to last week’s 36.  Of all the sales this past week, 34 were single family homes and 3 were townhouses/condominiums.  The highest priced listing sold last week was 18241 Llagas Creek Drive in Morgan Hill, a 3441 s.f. home on a 20,037 s.f. lot and priced at $1,014,000, down from the original $1,139,000 price when listed 125 days prior.  The lowest priced listing sold last week was a bank-owned home in the senior community of Village Green, 7745 Isabella Way in Gilroy, a 818 s.f. home priced at $198,000 and 12 days on the market.  Sixty-two percent of the sales this week were priced under $500,000 and 11% were above $800,000. 

Of these sales, the list price ranges were:

Less than $200,000 = 1 sale (3% of total)

$200,000 - $500,000 = 22 sales (59% of total)

$500,000 - $800,000 = 10 sales (27% of total)

$800,000 - $1,200,000 = 4 sales (11% of total)

$1,200,000 - $2,000,000 = 1 sale (3% of total)

The number of active listings went down and pending sales rose.  As of July 12, 2009, there are 326 residential (single family homes and condos) listings active on the market in Morgan Hill, San Martin and Gilroy.  There are currently 360 pending residential listings.  Therefore, 52% 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. 

Sixteen 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 20 weeks to sell all south county listings.  Therefore, as of this past week, 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 gilroy home Homescopes listings Morgan Hill pending listings real estate real estate listings residential listings San Martin Santa Clara County single family sq ft

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