The Stats

For those of you who like statistics (with pictures) here are some about Gilroy:

Number of Real Estate Transactions in 95020 by Quarter

Real Estate Trends in 5020

Statistics aren’t my favorite thing because they are able to be manipulated. However, the numbers are very important to many people, so I provide them.

What does it mean? To me it means that if you want to sell your house, you have to put a price on it that will attract a buyer. If you want to buy a house, you have to offer enough to get the seller to say OK.

What does it mean to you?

STATS - You Know You Love Them

Our good friend Sam, at Chicago Title, keeps us abreast of real estate numbers in Gilroy. She sent me the following info:

• The good news is sales were up in May from April. The not so good news is inventory is continuing to climb.



• In South County, which includes Gilroy and Morgan Hill, we ended May with 34 sales of single family homes and 1 condo/town home sale in Gilroy and 40 single family homes and 10 condos/town homes in Morgan Hill sold.



• May ended with 411 listings of single family homes and 36 Condo/Town homes in Gilroy where Morgan Hill finished the month with 268 Single Family Homes and 32 Condo/Town home listings.



• The Average Days on the Market jumped in Gilroy for single family homes from 94 in April to 105 in May. Condo/town homes are at 72 days on the market for May with only 1 condo/town home sold in May and no condo/town home sales in April.
  


• Morgan Hill’s single family homes days on market decreased from 81 in April to 65 in May and Condo/town homes decreased from 132 days on market in April to 77 in May.



• Overall days on the market have decreased countywide. The closer to Silicon Valley the better the market conditions.
  

Here’s the complete report.