Curious how the market's going?  This information shows market trends for Gilroy, California through August 2013.

As you've probably heard, the housing market in Gilroy continues to be a Seller's market.  Pending (in escrow) and closed sales have reduced some signaling a shift in the market pace.

Gilroy homes for sale range in age from new construction to over 110 years old. With the changes in construction developed over the years, there is much to choose from.

Homes range from 1 bedroom, 1 bath to 5 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 cooling of the market.

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.

Note the average for sale, or listed price, is starting to decline.  The average sold price while down from July 2013 is still considerably higher than a year ago.

Data for pending actions are available after close of escrow.

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?

CDOM, or Continuous Days on Market, 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 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.

Keep in mind when using this graphic, square footage is an interesting way to gauge pricing.  It should not be relied on as the only way.

Show Me the Numbers!

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 data directly from the MLS (multiple listing service) which is the most current available.

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