About Gilroy's Country Estates

Country Estates Real Estate Report - Market Update Single Family homes Country Estates, Gilroy

This real estate update is for single family homes in the community of Country Estates, a neighborhood in the western foothills of Gilroy and consists largely of custom build homes. Lots are still available. This report is dated November 11, 2011.

The real estate market in Country Estates is very distressed and offers great opportunities for investors. The newest listing on Hollyhock is a bank-owned property in need of some TLC and listed at $707,900. The property has 5 bedrooms, 4 bath and is 3,918 square feet.

Currently there are 6 homes in inventory in this community; all but one are distressed sales. List price ranges between $699,000 and $1,199,998. Median sale price is $712,700; average days on market 57; average age 9 years and price per square feet is $204.92.

Two homes are now in contract including 1 short sale. Median and average list price is $724,500; price per square feet is $222.51 and homes were an average of 65 days on the market.

The property on Mantelli Drive closed on November 8, 2011. List price was $719,900 and sold for $675,000.

This is a real estate update is for activity in the community of Country Estates in Gilroy, California. This community consists mostly of custom homes on rolling hills and is within Gilroy's city limits. The community doesn't have a home owner association (HOA).

Real Estate statistics for Country Estates located in the western foothills of Gilroy:

Country Estates homes for sale:

• 7 homes in inventory (3 short sale and 1 bank-owned (REO))
  
• Median home price $717,500
• Price per square feet $206.29
• Average days on market 77
• Average size 3,802 square feet
• Average age 9
  
• 3 homes were added this week to inventory (2 short sale and 1 REO)
• 1 new listing
• 1 decreased list price
• 1 transfered back from escrow
• Median home price $699,999
• Price per square feet $195.77
• Average size 3,636 square feet
• Average age 8

Country Estates - Gilroy California

Country Estates is a small neighborhood in the western foothills of Gilroy consisting of 123 homes. The community has a Home Owners Association.

Currently there are 4 active detached single family homes for sale in Country Estates and 4 homes are in escrow of which one is bank owned and three are short sales. Non of the homes currently for sale are distressed; meaning no short sale or bank owned properties.

No homes were reported "sold" in the last 6 weeks in Country Estates.

Information displayed is deemed reliable but is not guaranteed accurate by the MLS

Country Estates - Gilroy California

Country Estates is a small neighborhood in the western foothills of Gilroy consisting of 123 homes. The community has a Home Owners' Association.

Currently there are 5 active single family homes for sale in Country Estates of which 1 is bank owned. Two short sale properties are under contract.

Information displayed is deemed reliable but is not guaranteed accurate by the MLS