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 157 active listings and 101 sale pendings
Gilroy has 132 active listings and 206 sale pendings
San Martin has 33 active listings and 15 sale pendings
Area 1 (all of the above) has 320 active listings and 322 sale pendings
Overall, last week our listing count increased while sale pendings decreased. I know two of my sales closed last week, one a home at Eagle Ridge in Gilroy (beautiful home on the golf course) and my La Bella listing in Morgan Hill. The Eagle Ridge transaction was a short sale which was accepted by the Seller in the beginning of February - it took 5 months to close! And my listing at 15665 La Bella Court (see photo) started out slow and then started to get multiple interest, which is indicative of any good listing right now. There is a lot of market activity right now and a lot of competition.
Stay tuned for regular updates!