Monday, July 6, 2009
Monday Morning Update!
Good morning South County! Here are your weekly updates on what is happening in your neighborhoods. Feel free to contact me if you want more specific information. As of this week:
Morgan Hill has 147 active listings and 109 sale pendings
Gilroy has 125 active listings and 212 sale pendings
San Martin has 33 active listings and 12 sale pendings
Area 1 (all of the above) has 303 active listings and 303 sale pendings
During the month of June, there were 50 closed sales in Morgan Hill, 55 in Gilroy, 6 in San Martin and 111 for the whole of Area 1 – that’s more activity and closed sales than we had in May, still pretty good and holding strong. Inventory continues to decrease and the quality of the listings in general is not that good across the board. Entry level homes are getting multiple offers and the market is some places (and some price ranges) are very competitive. There is a lot of activity in the market right now even with the rise in interest rates. More news to come - keep watching.
Stay tuned for regular updates!