Morgan Hill, CA Housing Trends February 2014 Report
Morgan Hill is located just south of San Jose (about 24 miles from the city center) and is considered a bedroom community of Silicon Valley as well as home to several high-tech companies.
With delayed construction well underway, the face of our neighborhoods continue to change. Our quiet downtown area lined with fine eating establishments and local small business welcomes all who venture along Monterey Road.
Morgan Hill has a significant agricultural base including vineyards and mushrooms along with other farming activity. Each year we hold local events such as the Mushroom Mardi Gras, Taste of Morgan Hill, Wine Strolls and parades.
Welcome to Morgan Hill, California!
Homes For Sale vs. Sold vs. Pending (In Escrow)
According to the MLS on 12 March 2014, there were 65 homes for sale in Morgan Hill. Here are the price ranges and how many homes are available.
|5 Homes for sale
||$0,000 - $500,000|
|18 Homes for sale
||$500,001 - $700,000|
|19 Homes for sale
||$700,001 - $1,000,000|
|23 Homes for sale
||$1,000,001 and over|
Homes in Morgan Hill vary greatly in size, location and amenities. Whether you want to live near downtown, operate your own winery, or live in an estate property, we have you covered.
A Closer Look at Average and Median Pricing
Median pricing of just under $770,000 last month is trending higher along with increasing interest rates suggesting another strong year in the Morgan Hill 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.
Morgan Hill 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.
You can get a free home value estimate online, but they won't be tailored to your situation. Let's get together and make sense out of the numbers. Current and accurate information, with your circumstances as the focus helps you make better informed decisions.
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 Morgan Hill, CA housing trends 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!