The Price is Right

There’s a lot of information out there today about how bad the real estate market is. However, in Gilroy, and at Intero, where my license is parked, deals are being done. Besides new listings going on the board almost every day, there are actual sales. Here’s a list of the Single Family Homes that went into escrow during the week of June 11 – 18, 2007. (That’s a Monday to Monday week, because that’s how we do it in real estate.)

I have included the Original List Price of the property, as well as the Current List Price. A majority of the properties had price reductions before they sold.

I have also included the number of Days on the Market. It took a long time to sell many of these properties, but when the price got right, the property sold.

New Sales, 6/11-6/18/2007
Gilroy CA
Single Family Homes

7045 Yorktown Drive, Gilroy
Original List Price: $730,000
Current List Price: $635,000
Days on the Market: 302

1142 Del Oro Way, Gilroy
Original List Price: $620,000
Current List Price: $575,000
Days on the Market: 217

2325 Olea Court, Gilroy
Original List Price: $1,389,000
Current List Price: $1,358,960
Days on the Market: 134

1476 Senegal Court, Gilroy
Original List Price: $810,000
Current List Price: $725,000
Days on the Market: 112

1321 Fernwood Lane, Gilroy
Original List Price: $648,998
Current List Price: $599,995
Days on the Market: 97

7200 Princevalle, Gilroy
Original List Price: $580,000
Current List Price: $570,000
Days on the Market: 78

1131 Mariposa St., Gilroy
Original List Price: $629,000
Current List Price: $629,000
Days on the Market: 72

1414 Casablanca Circle, Gilroy
Original List Price: $875,000
Current List Price: $849,950
Days on the Market: 32

2585 Sunflower Circle, Gilroy
Original List Price: $1,599,999
Current List Price: $1,599,999
Days on the Market: 5

2530 Muirfield Way, Gilroy
Original List Price: $1,234,875
Current List Price: $1,234,875
Days on the Market: 51

3855 Canada Rd., Gilroy
Original List Price: $1,265,000
Current List Price: $1,199,000
Days on the Market: 88

8742 Foxglove Court, Gilroy
Original List Price: $1,270,000
Current List Price: $1,270,000
Days on the Market: 76

Gino Blefari, the President of Intero Real Estate Services, tells agents, if a property has been listed and everything has been done to tell the world about it, and it hasn’t sold – then it’s about the price.

Every property will sell if The Price Is Right!