Eagle Ridge Golf Course Community, Gilroy CA - Real Estate Update

Eagle Ridge Gilroy Real Estate - Market Report

This is a real estate update is for activity in Eagle Ridge Golf Community in Gilroy, California for December 2011.

Distressed properties are still dominating the real estate market in Eagle Ridge and home values decreased in December as did the price per square foot. Inventory is down significantly and average days on market increased to 189. One property is listed for 637 days.

Real Estate statistics for single family homes in Eagle Ridge Golf Community:

Eagle Ridge Golf community homes for sale:

• 8 homes in inventory (6 short sale and 0 bank-owned (REO) Ranging in price from $544,000 - $899,000
• Median home price $651,600
• Price per square feet $185.28
• Average days on market 189
• Average size 3,641 square feet
• Average age 8

• 18 homes in escrow (13 short sale and 2 REO)
• Median list price $577,475
• Price per square feet $184.92
• Average days on market 61
• Average size 3,072 square feet
• Average age 8

Eagle Ridge Gilroy homes sold:

• 3 homes closed escrow in December (1 short sale and 1 REO) ranging in sale price from $446,040 - $670,000
• Median list price $658,251
• Median sale price $658,201
• Price per square feet $183.08
• Average days on market 38
• Average size 3,243 square feet
• Average age 6