Recently I posted summary information about how the San Martin housing market completed the first half of 2013. You can find it at: http://foreseethepossibilities.com/local/California/San%20Martin
Knowing the status of the market is important, but so is seeing the trends behind the results. The charts below are provided with permission of TrendGraphix and are based on data in the MLS for this area.
Knowing the numbers: What's for sale and what's already spoken for
Homes included in this trend graph consist of single family homes; some of which come with a great deal of land to stretch out on.
Combined with the large footprint of properties and the relatively low population compared to neighboring Gilroy and Morgan Hill, data points provide for a different approach which documenting statistics.
Note the recent uptick in listings.
Note: Pended and pending indicate homes that are in escrow, but not yet closed.
Knowing the financial side: Median price and price per square foot
What do these numbers look like in dollars and cents?
Both sellers and buyers are concerned with the price per square foot (SQFT) which is shown with the blue bars.
The median price data is also an interesting indicator of how stable the housing market is in an area.
Given the property variables so common in San Martin, it's critical to accurately determine the relative value of each home. Trending the available inventory is also a challenge for this market due to the great variances in property types. That data is available and has been excluded from this update to maintain clarity.
Every home sale is unique in some way. If you have questions about this report or would like to discuss how it applies to your situation, please contact me. As always, let's foresee the possibilities . . . and get results!
Comments (2)Subscribe to CommentsComment