How is the Real Estate Market in Morgan Hill?

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE# 01839597

This is a market update for February 2016. 

There is more inventory in Morgan Hill and that has an effect on the list price and days on market. These numbers aren't reflecting the increase in supply yet but the March real estate update will. What is the value of my home in Morgan Hill

Why is it important to look at the real estate statistics and the economy? There is a direct correlation between the consumer confidence in the economy and job growth.  Here in the Silicon Valley the economy and housing values are continuing to increase. Home values are at an all-time high in the Silicon Valley and that drives more and more buyers to Morgan Hill, Gilroy and Hollister.  

 

The absorption rate in Morgan Hill is approximately 4 months. The absorption rate measures how many months it would take to exhaust all inventory at the current sales pace. The median Sale Price dropped slightly compared to the same period 1 year ago but compared to last month it is up from $731,000 to $773,000.

 

Median sale price for Morgan Hill 95037 in February 2016

 

 

 

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Anja K. Kerstens
REALTOR®, GRI, CDPE, CHS and ASP®
CalBRE#01839597 

Coldwell Banker Residential Brokerage
 

http://anjakerstens.com
anja.kerstens@cbnorcal.com

Buy or Sell with your area specialist and REALTOR® getting homes sold faster.

 

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California Santa Clara County Morgan Hill
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Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Anja, Many buyers who are not able to compete with the hot San Jose market are electing to consider their options in Morgan Hill.  I would definitely refer anyone looking in Morgan Hill to YOU!

Mar 18, 2016 01:43 AM #1
Rainmaker
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Anja Kerstens
Coldwell Banker Residential Brokerage - Morgan Hill, CA
GRI, CDPE, CHS, ASP, Selling Silicon Valley Real

Thank you Kathleen.  

Mar 18, 2016 01:15 PM #2
Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Anja, great market update for Morgan Hill, and does look like your market is still very healthy!  

Mar 19, 2016 11:38 PM #3
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Rainmaker
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Anja Kerstens

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