Monday Statistics (well actually Tuesday)
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 182active listings and 121 sale pendings
Gilroy has 142 active listings and 222 sale pendings
San Martin has 35 active listings and 12 sale pendings
Area 1 (all of the above) has 357 active listings and 354 sale pendings
Inventory continues to fall and sales continue to increase. Right now we are almost neck in neck with active and sales in Area 1. Certain price ranges (under $400,000) are hot right now with multiple offers. The quality listings that are priced well are selling quickly. Buyers should be ready with their prequalification letters from their lender and an understanding of what is going on in the market. Although, within the next 30 days, we will be seeing an influx of bank owned property coming on the market that could slow things down a little. Short sales seem to be getting tougher and are not necessarily the great deals we once thought.
Stay tuned for regular updates!
Tuesday, May 26, 2009
Friday, May 22, 2009
FALLING DOWN
And getting back up
Last month, I was taking a horseback riding lesson with my daughter when I was bucked off my horse. I did not land gracefully. Well maybe gracefully isn’t the point, I was badly hurt and in a lot of pain and to be honest, I was also scared about the extent of my injuries. I was on the couch for several weeks and doing the bare minimum to survive. This did not include writing on my blog. Sorry.
However, I have not really been connected to my blog this winter for several reasons. One is I have been very busy with real estate and there are just so many hours in the day. But I miss writing on my blog and keeping you all in touch with the latest updates and all the many changes going on in real estate. I found working on articles about new legislation, writing my thought processes about property I had been viewing and sharing my experiences in real estate sharpened my senses and helped me fine tune my real estate knowledge.
It’s fun. I love what I do and I like to share my insights and experiences and hope that it helps, adds to the education of a public that has an overload of information without the tools to process them in a practical way that benefits them. That’s my job. To protect you, help you make good decisions and sometimes help you to get out of your own way.
So onward to more blogging, more information and hopefully more courageous (and interesting) reporting.
Last month, I was taking a horseback riding lesson with my daughter when I was bucked off my horse. I did not land gracefully. Well maybe gracefully isn’t the point, I was badly hurt and in a lot of pain and to be honest, I was also scared about the extent of my injuries. I was on the couch for several weeks and doing the bare minimum to survive. This did not include writing on my blog. Sorry.
However, I have not really been connected to my blog this winter for several reasons. One is I have been very busy with real estate and there are just so many hours in the day. But I miss writing on my blog and keeping you all in touch with the latest updates and all the many changes going on in real estate. I found working on articles about new legislation, writing my thought processes about property I had been viewing and sharing my experiences in real estate sharpened my senses and helped me fine tune my real estate knowledge.
It’s fun. I love what I do and I like to share my insights and experiences and hope that it helps, adds to the education of a public that has an overload of information without the tools to process them in a practical way that benefits them. That’s my job. To protect you, help you make good decisions and sometimes help you to get out of your own way.
So onward to more blogging, more information and hopefully more courageous (and interesting) reporting.
Tuesday, April 28, 2009
Monday (oops, Tuesday) Morning Update!
Monday Statistics
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 192 active listings and 106 sale pendings
Gilroy has 188 active listings and 213 sale pendings
San Martin has 35 active listings and 19 sale pendings
Area 1 (all of the above) has 414 active listings and 338 sale pendings
There is a serious decline in inventory number and quality. A lot of what is currently on the market (not all, of course) are not the most desirable properties. As a realtor, I am seeing a lot more activity with my listings and multiple offers on properties, a lot more activity in the market in general.
According to the Daily Real Estate News on April 20, 2009:
Fed Officials: The Worst Is Over
The worst of the economic crisis is over, according to U.S. officials speaking at a financial conference Friday at Vanderbilt University.Frank Nothaft, the chief economist for Freddie Mac, said housing sales have just about hit bottom and a third of home sales are now foreclosed properties.Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, warned that the declining commercial real estate market still poses a risk to the economy.New York Fed chief William Dudley complained that the programs the government has put in place are being undermined by public perception that they are unfair to average taxpayers and that has made some potential investors fearful that they would be the focus of public outrage if they profit from the programs."It is worth emphasizing (that) actions that lead investors to shun taking risk, especially in this environment, are ultimately detrimental to the ability of households and businesses to secure credit at reasonable borrowing rates," Dudley said.Source: Reuters News, Ros Krasny and Kristina Cooke (04/18/2009)
Stay tuned for regular updates!
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 192 active listings and 106 sale pendings
Gilroy has 188 active listings and 213 sale pendings
San Martin has 35 active listings and 19 sale pendings
Area 1 (all of the above) has 414 active listings and 338 sale pendings
There is a serious decline in inventory number and quality. A lot of what is currently on the market (not all, of course) are not the most desirable properties. As a realtor, I am seeing a lot more activity with my listings and multiple offers on properties, a lot more activity in the market in general.
According to the Daily Real Estate News on April 20, 2009:
Fed Officials: The Worst Is Over
The worst of the economic crisis is over, according to U.S. officials speaking at a financial conference Friday at Vanderbilt University.Frank Nothaft, the chief economist for Freddie Mac, said housing sales have just about hit bottom and a third of home sales are now foreclosed properties.Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, warned that the declining commercial real estate market still poses a risk to the economy.New York Fed chief William Dudley complained that the programs the government has put in place are being undermined by public perception that they are unfair to average taxpayers and that has made some potential investors fearful that they would be the focus of public outrage if they profit from the programs."It is worth emphasizing (that) actions that lead investors to shun taking risk, especially in this environment, are ultimately detrimental to the ability of households and businesses to secure credit at reasonable borrowing rates," Dudley said.Source: Reuters News, Ros Krasny and Kristina Cooke (04/18/2009)
Stay tuned for regular updates!
Monday, April 20, 2009
Monday Morning Update!
Monday Statistics
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 202 active listings and 96 sale pendings
Gilroy has 192 active listings and 207 sale pendings
San Martin has 39 active listings and 17 sale pendings
Area 1 (all of the above) has 432 active listings and 320 sale pendings
Inventory is at the lowest we’ve seen in a while with an increase in sale pendings. Also, there is a lot of listings out there in need of some TLC and not on the A list. If you are a serious buyer right now, be prepared to act fast. The market is changing once again.
Stay tuned for regular updates!
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 202 active listings and 96 sale pendings
Gilroy has 192 active listings and 207 sale pendings
San Martin has 39 active listings and 17 sale pendings
Area 1 (all of the above) has 432 active listings and 320 sale pendings
Inventory is at the lowest we’ve seen in a while with an increase in sale pendings. Also, there is a lot of listings out there in need of some TLC and not on the A list. If you are a serious buyer right now, be prepared to act fast. The market is changing once again.
Stay tuned for regular updates!
Monday, April 6, 2009
Monday Morning Update!
Monday Statistics
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 211 active listings and 83 sale pendings with 29 closed sales for the month of March
Gilroy has 212 active listings and 202 sale pendings with 55 closed sales for March
San Martin has 39 active listings and 16 sale pendings with 3 closed sales for March
Area 1 (all of the above) has 460 active listings and 301 sale pendings with 87 closed sales in March
Inventory continues to decline but pending sales are on the increase and closed sales have also improved. Short sales, which seem to take forever, are complicating the numbers. It’s hard to tell what is actually selling and who’s sitting around waiting to hear from the lender.
Stay tuned for regular updates!
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 211 active listings and 83 sale pendings with 29 closed sales for the month of March
Gilroy has 212 active listings and 202 sale pendings with 55 closed sales for March
San Martin has 39 active listings and 16 sale pendings with 3 closed sales for March
Area 1 (all of the above) has 460 active listings and 301 sale pendings with 87 closed sales in March
Inventory continues to decline but pending sales are on the increase and closed sales have also improved. Short sales, which seem to take forever, are complicating the numbers. It’s hard to tell what is actually selling and who’s sitting around waiting to hear from the lender.
Stay tuned for regular updates!
Monday, March 30, 2009
Monday Morning Update!
Monday Statistics
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 219 active listings and 78 sale pendings
Gilroy has 214 active listings and 202 sale pendings
San Martin has 41 active listings and 16 sale pendings
Area 1 (all of the above) has 473 active listings and 296 sale pendings.
There is a lot of activity in the market right now especially in Gilroy and the lower end of the market. A lot of people are taking advantage of the great interest rates and low prices to own their first home. Inventory and sales are holding pretty steady.
Stay tuned for regular updates!
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 219 active listings and 78 sale pendings
Gilroy has 214 active listings and 202 sale pendings
San Martin has 41 active listings and 16 sale pendings
Area 1 (all of the above) has 473 active listings and 296 sale pendings.
There is a lot of activity in the market right now especially in Gilroy and the lower end of the market. A lot of people are taking advantage of the great interest rates and low prices to own their first home. Inventory and sales are holding pretty steady.
Stay tuned for regular updates!
Sunday, March 29, 2009
We did it!
Historical Society of Morgan Hill sponsors the El Toro Spring Walk
We don't always have the time in our busy day to do the things which renew us. Yesterday was a beautiful day and there was a great turnout for the El Toro Walk. This year there were two times to go up - one at 8 AM and one at 10 AM which made it a lot more organized (and safer) than last year. There was the geologist speech before the walk (OK, El Toro is not a volcano and Poppy Jaspar is special to Morgan Hill), as well as the usual walkers and after walk treats. I was trying to remember how many years we have been doing this and I think it has been almost ten years. Last year it was much easier to get up the hill because I was in training then for the Avon Walk for Breast Cancer. This year I did it but maybe a little less gracefully.
My 2 Cents - Enjoy your community. There are always special events and people to enjoy!
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