Multi-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 sold
What’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:
South 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
