Gilroy, CA Housing Trends January 2014 Report
Gilroy, CA is known as the Garlic Capital of the World complete with an annual Garlic Festival; but fear not, the "stinking rose" isn't sprinkled on everything unless you ask.
The community of Gilroy is also host to outlet malls, wineries, golfing, ranches, farms, fine dining and numerous recreational areas as well as historical landmarks and so much more.
An affordable alternative to Silicon Valley living, Gilroy is approximately 16 miles south of San Jose and within 30 miles of the Pacific Ocean when the commute calls you west.
Welcome to Gilroy, California!
Homes For Sale vs. Sold vs. Pending (In Escrow)
According to the MLS on 10 February 2014, there were 67 homes for sale in Gilroy. Here are the price ranges and how many homes are available.
| 15 Homes for sale |
$0,000 - $500,000 |
| 18 Homes for sale |
$500,001 - $700,000 |
| 20 Homes for sale |
$700,001 - $1,000,000 |
| 14 Homes for sale |
$1,000,001 and over |
Homes in Gilroy vary greatly in size, location and amenities. Whether you want to live near downtown, on a golf course or operate your own winery, we have you covered. The highest priced home at the end of January 2014 was a private winery listed for $3,988,000.
A Closer Look at Average and Median Pricing
Median pricing of just over $500,000 in January 2014 is trending higher along with increasing interest rates suggesting another strong year in the Gilroy housing market. When studying trends, be sure to consider all the factors so you understand what is driving them.
Continuous Days on Market & List Price Performance
In this view we consider how many days a home stays active on the market before an offer is accepted by the seller. You'll also note the sales price compared to the original list price in a percentage.
Some homes will remain on the market longer than others because of their situation. Maybe they're located near the largest lost planet disposal site on earth (not here, by the way) - that can be a factor which would keep a home on the market longer.
Another factor is the original list price. A properly priced home is likely to sell faster than one out of step with the market.
Gilroy Average Price Per Square Foot
Average prices should be used as a rough yardstick in measuring value of homes unless each home is identical. There are different locations, materials, styles and so many other factors that need to be considered.
My free comparative market analysis (CMA) takes into account like properties and are specific to your situation.
Numbers behind the trends:
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 about this Gilroy, CA housing trends January 2014 report or if I can help you find the answers for your situation, please contact me.
As always, let's foresee the possibilities . . . and get results!
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