About Gilroy's Eagle Ridge

March 2009 has been and continues to be a busy month for Gilroy Real Estate.

This has been an amazing month in terms of sales here in the desirable community of Eagle Ridge, in Gilroy, California. We have three more days to go but the numbers are in. Inventory is down to 20 single family homes from 38 just at the beginning of this month!

This is very eencouraging news for those homeowners who have seen the values of their homes drop sharply. When inventory is down prices tend to increase.

Eagle Ridge is a very desirable golf course community in the Gavilan foothills. It has a homeowners association and is governed by CC&Rs. The community has two nice parks; the main park offers tennis courts, a junior olympic sized pool, club house, basketball courts and play structures. The use of solar panels to heat the pool keeps the cost of operating the pool down.

Eagle Ridge is a only a short distance from the hustle and bustle of San Jose and its tranquility attracts many buyers from the Bay area.

Contact me if you are interested in a home in Eagle Ridge; I will be happy to assist you.

Our market is looking good!

There are some encouraging signs which could indicate that the real estate market is turning around.

We have seen a flurry of activity. In my small community of Eagle Ridge we had 38 active listings this month. Sixteen listings went to contract including eight in the last ten days. During our open house last weekend we had about 16 couples come through; that was more than in the previous weeks. The bank received multiple offers. It is starting to look better every day.

It is Saturday and I am looking back to a very busy week in real estate. Gilroy saw an increase in properties that went to pending sale and closings in the past week. At our open house today we had at least 10 couples coming through which is more than in previous weeks. That is a good sign. Let's get the REO properties and short sales out of inventory so that prices can increase again. It is definitely a buyers' market. In the Eagle Ridge Golf community we had 38 listings last week with 12 going to contract. All were REOs and short sales.

Entrance to the Eagle Ridge Golf Community

This is the Eagle Ridge Golf Clubhouse. A favorite spot for wedding ceremonies.

Thanks to the efforts of a few "brave" ladies the Social Committee of Eagle Ridge has been resurrected with the full support from the Board of Directors of Eagle Ridge Homeowners' Association. They are planning their next event on March 13th and encourage all homeowners and their guests to sign up for the "Homeowners Casino Night" at the Eagle Ridge Golf Clubhouse.

The event takes place between 7:00 pm and 11:00 pm on Friday March 13th. This wonderful evening will include dinner, games such as craps, roulette, blackjack, and poker hosted by a professional casino group, a no-host bar and dancing to the music of DJ C.J. Wallace. The cost is $45.00 per person thanks to a pledge of the Eagle Ridge Homeowners Association.

The Social Committee is also working on other events in the coming months such as the October Fest and the New Years Party.