The residential real estate market is continuing to grow in the southern most parts of Santa Clara County. We have more homes for sale than we did last year at this time. The number of properties entering escrow also indicates we'll likely see increasingly steady trends for the year ahead.
Homes: For Sale - Sold - In Escrow (Pending)
As pointed out in the narrative of the graph, this area is still considered a Seller's market.
Home Affordability: Average Price For Sale vs. Sold & Median Sales Price
Here are the price ranges and how many homes are available.
| 17 Homes for sale |
$0,000 - $500,000 |
| 29 Homes for sale |
$500,001 - $700,000 |
| 41 Homes for sale |
$700,001 - $1,000,000 |
| 54 Homes for sale |
$1,000,001 and over |
Days on Market & Selling Price vs. List Price
There's little doubt that well priced homes sell faster. Additional factors such as condition and availability to view also play key roles.
Average Price Per Square Foot - A Rough Yardstick
Always a popular discussion; the average price per square foot should be used as a "rough yardstick" in analyzing a home price.
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 / 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.
The combined housing market trend data for Gilroy, Morgan Hill and San Martin includes many factors which may not be indicative of your situation. If you have questions or if you are looking for a solution, please contact me.
As always, let's foresee the possibilities . . . and get results!
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