Gilroy, Morgan Hill & San Martin Combined Housing Trends February 2014

By
Real Estate Agent with Alain Pinel Realtors CA BRE 01914367
Gilroy, Morgan Hill & San Martin Combined Housing Trends Through February 2014

 

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)

For Sale/Sold/Pending Homes in Gilroy, Morgan Hill & San Martin February 2014/Rebecca Foresee

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

Combined Trends; Gilroy, Morgan Hill & San Martin February 2014/Rebecca Foresee

There were reportedly 141 homes actively for sale at the time of this March 12th post according to the MLS.  With an overall median price  under $650,000 home shoppers may find the value they seek just south of Silicon Valley.
 

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

Combined Trends Gilroy, Morgan Hill & San Martin February 2014/Rebecca Foresee

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

Combined housing trends, Gilroy, Morgan Hill & San Martin February 2014/Rebecca Foresee

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:

Combined Housing Metrics, Gilroy, Morgan Hill & San Martin February 2014/Rebecca Foresee

 

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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WERC educational merlin falconIn case you're wondering what I do outside real estate, among other things, I'm a volunteer at the Wildlife Education and Rehabilitation Center (www.werc-ca.org).  There's something special about helping others whether people or wildlife that just makes me sleep better at night.

 

You'll find additional resources at my website aimed at helping you and loved ones find ideas and resources we can all use while going through life's journey.

 

Thank you for stopping by my blog and feel free to contact me if I can help you.

Comments (4)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Rebecca -- great use of graphics and charts to illustrate your points.  As you state in your post, it's best when a buyer or seller interested in an area, consult a local professional, like yourself to obtain a personalized report for their needs.  

Mar 12, 2014 10:48 AM
Bruce Swedal
Denver, CO
Denver Real Estate

Wow, love the information, presentation and stats for the neighborhood. Your on top of it and any home buyer or seller in the neighborhood would be lucky to have you.

Mar 12, 2014 11:00 AM
Rebecca Foresee
Alain Pinel Realtors - Morgan Hill, CA
Let's foresee the possibilities . and get results!

Hi Michael, The graphics tell the story well and making them available to our consumers can be helpful.  Being able to explain them and how they apply is critical.  Thank you for stopping by to comment!

Mar 12, 2014 01:46 PM
Rebecca Foresee
Alain Pinel Realtors - Morgan Hill, CA
Let's foresee the possibilities . and get results!

Hi Bruce, I appreciate your comment.  Arming consumers with timely and accurate information helps them with their decisions.  Thank you for stopping by!

Mar 12, 2014 01:48 PM