2015
Morgan Hill Is Growing
is promising to be a very active year for the Real Estate market.
Multiple new homes, ranging from small to very large, are
springing up throughout the city. This is a refreshing change from
the stagnant new home market of the past few years when builders
were in a hol ding pattern waiting for a change in the economy.
Allotments that had completed the approval process with the city
were held until builders felt the economy was back.
This new housing activity is a good indicator that the economy is recovering.
New housing start-ups and home sales, both new and resale, are very brisk and the
inventory is way down. This makes for a market that will see home prices continue
to rise. This, coupled with the current very low interest rates, makes this a good
time to jump in and find your dream home.
If you are planning on selling, now is also the best time —when inventory is so
low. We are seeing a steady stream of prospective buyers without homes available
for them to select. Multiple offers are happening and as we move to spring, which
is usually the busy time of year, we will probably see the prices rise. Now is the
time to spruce up your home and call your Realtor and request a market analysis.
You may be very surprised at the price and terms you receive on your sale and how
quickly it may sell.
Here in Morgan Hill, new housing starts are popping up all over. I have listed
some of the homes in the area that are currently selling or are in the beginning
stages of presale. I apologize if I have missed any communities but this will give
you an idea of what is available or coming soon to the market in Morgan Hill.
Morgan Hill is such a wonderful community to live, work and play and enjoy
the serenity of the hills, our agriculture and gorgeous weather for all your outside
activities.
Be sure to call your Realtor before going to the new homes. If they accompany
you on your first visit they can help you with the process and investigation before
you purchase.
Torreon in Morgan Hill- Taylor Morrison Homes - 130 Cochrane Boulevard
Madrone Plaza - Taylor Morrison Homes - 130 Cochrane Boulevard
Terra Mia At Mission Ranch - Dividend Homes Near Peat Road and Cochrane
Conemara - Dividend Homes - Watsonville Road
Amadora - Dividend Homes - Peebles Avenue at Clayton
Silverwings - Dividend Homes - Malaguerra and Silverwings
Lone Oak Farms - Dividend Homes - 689 Barrett Avenue
Vintage Estates - Ryder Homes - East Dunne and Murphy
Brighton Oaks - William Lyon - East Main and Butterfield Avenue
Stonebridge - Meritage Homes - 191 Peppermint Drive (North Morgan Hill)
Loden Place - City Ventures - 18130 Hale Avenue
San Sebastian Estate Homes - 2280 Cochrane
Quick Stats
Local Trends Single Family Residential in Morgan Hill
2014
NOVEMBER
DECEMBER
JANUARY 2015
Active 85 59 27
Homes Sold 39 47 42
Days On Market 85 59 56
Sale To List Ratio 102% 101.6% 101.5%
Teri Nelson, Realtor
Intero Real Estate Services
408.425.5200
BRE#00858151