Curious how the market's going?  This information shows market trends for Gilroy, Morgan Hill & San Martin through August 2013.

Leading off, we'll look at how many homes were for sale, how many have sold and how many were in escrow through the end of August 2013.

The data behind this chart indicates we have something for everyone in the South County area.

Homes range from 1 bedroom, 1 bath to more than 6 bedrooms and plenty of bathrooms to go around.

Got an itch to farm or ranch? We've got that covered as well as low maintenance options including condominiums and townhomes.

There's always a housing market and you might be surprised by the results!

How does that measure up when we start talking dollars and cents?

The trend data here indicates average sales prices are on the decline.

For sellers, this may be a signal that buyers are being more selective in their purchasing decision.  Getting a current comparative market analysis can be helpful to determine the most likely sales price to list your home.

While the housing market has begun to cool somewhat, the average prices are still higher than they were a year ago.

Since we don't know what tomorrow will bring, if you've been thinking about buying or selling a home, now is a good time to consider all your options!

How long will it take to sell my home in this market?

Before you ask, CDOM is Continuous Days on Market which is one indicator of how long, on average it takes to sell a home in this market.

Also shown here is the measurement of how the sales price performed against the original list price.  This is an important factor when determining what to list your home for.

The answer to both how long it will take and how much you should list for is, it depends.

The location and condition of your home weigh heavily in attracting a buyer.  Determining the right price up front will help you get a buyer and proceed through escrow more quickly.

You have control over the condition.  Be sure your home is kept clean and tidy.  It also needs to be available.  Buyers DO NOT like to buy what they can't see.

What does that boil down to in Average Price per Square Foot?

 The average price per square foot is much higher than it was a year ago.  One reason is the mix of homes being sold this year.

With many sales taking place in newer subdivisions, average price per square foot can increase.

We might expect to see continued fluctuations in our metrics as more new construction is completed and homes make it into the resale market.

The moral of this graphic is square footage is an interesting way to gauge pricing.  It should not be relied on as the only way.

Where's the market going from here?

No one knows for sure and only time will tell.  Interest rates continue to increase although they're still very low when compared to years in the past.  That doesn't appear to be discouraging buyers.

If you are considering selling your home or buying a home, ask me about getting a no cost comparative market analysis.  I use date directly from the MLS (multiple listing service) which is the most current available.

Coming soon will be detailed metrics specific to the separate areas of Gilroy, Morgan Hill and San Martin.

All metrics and data provided here are published with permission from MLS and / or Trendgraphix, Inc.