Silicon Valley Real Estate Sales for the Cities of Morgan Hill, San Martin & Gilroy Real Estate Housing Sales ~ October 2008 Graphs & Stats

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The October 2008 Completed Sales Report for Morgan Hill Single-Family Homes saw a closing of 25 sales receiving 94.09% of list price. These closings represented a median price of $700,000 and an average price of $780,040. There were 65 new listings during October. Total Sales: $19,501,000

The October 2008 Completed Sales Report for San Martin Single-Family Homes saw a closing of 1 sale receiving 94.43% of list price. These closings represented a median and average price of $642,000. There were 11 new listings during October. Total Sales: $642,000

The October 2008 Completed Sales Report for Gilroy Single-Family Homes saw a closing of 52 sales receiving 97.05% of list price. These closings represented a median price of $389,000 and an average price of $479,925. There were 108 new listings during October. Total Sales: $24,956,130

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October 2008~Morgan Hill Condos/Townhouses had 3 closed sales receiving 97.89% of list price. These closings represented a median price of $367,500 and an average price of $386,166. There were 7 new listings during October. Total Sales: $1,158,500

October 2008~Gilroy Condos/Townhouses had 2 closed sales receiving 98.1% of list price. These closings represented a median price and an average price of $201,000. There were 17 new listings during October. Total Sales: $402,000

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October 2008~Single-Family Homes in Morgan Hill had an average of 78 days on market (DOM) and 108 cumulative days on market (CDOM). Condos/Townhouses had an average of 78 DOM and 96 CDOM. October 2008~Single-Family Homes in San Martin had an average of 22 DOM and CDOM.

October 2008~Single-Family Homes in Gilroy had an average of 75 DOM and 114 CDOM. Condos/Townhouses had an average of 58 DOM and 145 CDOM. KAPOWICH REAL ESTATE derives many benefits from its memberships in the National Association of Realtors, (NAR), the California Association of Realtors, (CAR), the Silicon Valley Association of Realtors, (SILVAR), and the Santa Clara County Association of Realtors, (SCCAOR). Not the least of which is their statistical information on real estate transactions. We love this stuff!

Pat Kapowich, Real Estate Broker, ABR, CRS, GRI, SRES "Negotiating Smooth Transactions Throughout The South Bay" SiliconValleyBroker.com

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