South Santa Clara County Residential Real Estate Trends September 2012 through November 2013
This update includes the combined market changes for the communities of Gilroy, Morgan Hill and San Martin. It's important to keep in mind this is summary data of all properties and your specific situation may vary significantly.
Homes: For Sale - Sold - In Escrow (Pending)
You'll note in the narrative of the graph, this area is still considered a Seller's market. Here's an interesting data point, there were 1,416 new listings for homes this year between 1 January and 10 December 2013 according to MLS Listings.
Home Affordability: Average Price For Sale vs. Sold & Median Sales Price
Days on Market & Selling Price vs. List Price
There's little doubt that homes priced well are sold faster. Additional factors play key roles. Consider that five years ago homes stayed active on the market longer. The sold price was generally less than the original list price. That doesn't sound like a market any of us wants to revisit.
Average Price Per Square Foot - A Rough Yardstick
Always a popular question; the average price per square foot should be used as a "rough yardstick" in analyzing a home price. The more information you have, the better your decision can be.
Numbers / Data Behind the Graphs:
All data is provided with input from MLS Listings and Trendgraphix, Inc. which includes copyrighted data and/or graphs and is provided here with permission.
If you have questions or if I can help you find the answers for your situation, please let me know.
As always, let's foresee the possibilities . . . and get results!
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