As a local Realtor, I service clients primarily interested in the Morgan Hill, San Martin and Gilroy areas. This one's a "shout-out" to my friends and neighbors in San Martin.
How's the market?
Well, that all depends on your interest!
The market is always fluctuating and much of the data we rely on is based on recent trends. Regardless of whether you're an investor, a buyer planning to occupy the property or a seller considering your options - you want to know where the prices are and whether they're trending up or down.
30,000 Foot Level (Residential Properties in San Martin, CA; 1/1/13-6/30/13):
List Price: Sold Price:
High $7,999,950 $2,748,395
Low $ 190,000 $ 330,000
Average $1,299,365 $ 789,465
Median $ 899,900 $ 687,475
As June ended, we discovered a few interesting data points. For example:
Single Family Homes (Not Townhomes or Condos):
- There were 19 single family homes activily listed for sale. The average price per square foot was $460.19 and they had been on the market an average of 108 days.
- A respectable 22 homes sold and closed escrow. The average price per square foot was $326.80. The average time these homes were on the market was 73 days with one property holding out over 530 days before being united with a new owner.
- An additional 12 single family homes were in contract making their way through escrow.
Townhomes and Condos (Not Single Family Homes):
- Psych! There aren't any that fit this category at this time.
This market report has been compiled using data recorded in the MLS which captures the majority of residential real estate transfers.
Please contact me if you have questions about this data or would like to discuss the market and how it applies to you.
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