Gilroy Real Estate market update for July

Gilroy Market Update for July 2009

The following market update is for single family homes.

July continues to be a strong month for Real Estate sales here in Gilroy. Again, more homes are under contract then there are in inventory. Many of these properties are short sales or bank owned properties.

As of today there are:

• 138 active listings ranging in price between $144,500 and $5,500,000
• 199 homes are under contract ranging in price between $111,000 and $1,075,000. Note: many of these homes are short sales or bank owned properties and these sales generally take longer to complete.
• 38 homes closed escrow during the first 22 days of July. The average days on market for these homes was 112
  • 24 of these properties are bank owned
  • 8 are short sales
  • 6 do not disclose the type of sale or are "conventional" (meaning not distressed) sales.
  • Note: one short sale property went under contract in November 2008.
  
  
  
  
  
  
  
  
  If you would like to receive more information or are interested in properties in Gilroy or Morgan Hill you can contact me. If you would like to receive a free Market Analysis of your home feel free to contact me too.
  Anja Kerstens
  Signature Homes and Estates