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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Morgan Hill. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 408-807-5698
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| Average Home Price | $550,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $650,000 - $699,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Morgan Hill is | Decreasing |
| Seller Activity for the past 90 days in Morgan Hill is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Due to being in a ’Buyers Market’ we are seeing Multiple Offers and more reason for the first offer to be your ’Highest & Best’ |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | The rates are still extremely low with many programs available, including USDA 100% financing in rural areas. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | A Great inventory, great time to purchase. A Great time to sell! |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | San Jose |
| Housing Hot Spots | Most cities within the Santa Clara County area are considered ’Housing Hotspots’ |
| Average Sold Price | $550,000 - View Graph Trend |
Morgan Hill Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Dave and Laura Gardner
408-807-5698
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 23rd, 2012 –
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30 yr. fixed rate: 3.90%---------------------------------
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Dave and Laura Gardner
Red Carpet Realty - San Jose
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 408-807-5698
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