Gilroy Real Estate Trend Information Through September 2013

Why is the Gilroy, California Housing Market Of Interest?

• The dollar volume of active and pending homes was nearly $140 Million at the end of September 2013
• On the evening of 11 October 2013, many homes were still actively available (98 Single Family Residences and 2 Condo/Townhomes)
• Gilroy is the Garlic Capital of the world making it a delightful location for chefs of every skill level
  
• Gilroy is home to many fine restaurants as well as shopping
• Local wineries as well as abundant outdoor adventures are around every corner
• Located near Silicon Valley, Gilroy offers an affordable alternative with a manageable commute
• And so much more . . .

Leading off we look at the level of activity in terms of how many single family homes and condos/townhomes were tracked through the multiple listing service (MLS).

The condo/townhome housing market in Gilroy is constrained with only two homes on the market currently.  If you've been thinking of selling - now might be the time to get more information. 

What's the affordability of Gilroy homes?

It's interesting to note the median sold and average sold prices have increased since one year ago while the average list price has declined.  With healthy home sales still underway in Gilroy, it's a good time to consider the area whether you're buying or selling.

How long does it take to transfer ownership of a home?

 How long a property stays on the market depends on many factors such as the price point, condition, location and how accessible it is.  As the graphic shows, at least one home stayed on the market for quite a while.  Also of note is how closely the sales price compares to the original list price.  Listing at the correct price in the beginning helps make sure it will sell more timely.  A complimentary comparative market analysis can help determine that price.

 What does that cost per square foot?

The average price per square foot is often used as another way of estimating.  It's no substitute for getting a current comparative market analysis.  This analysis can be used when you're selling and also when you're deciding how much to offer on a purchase.

Now for a look at the numbers behind the graphics:

If you have any questions about the numbers or how this information may be of use to you, please let me know and we'll go through everything.

All data and graphics provided here with permission from MLSListings and Trendgraphix.

As always, let's foresee the possibilities . . . and get results!