Navigating our
Shifting Market
O
ver the last few months we have seen a shift in
the market with prices adjusting a little down-
ward and buyers taking a little longer to decide
on their purchase. Prices, however, seem to be leveling
out since the adjustment.
This market is good for sellers and buyers. We still
have many interested buyers that have the opportunity
to choose from many available properties. And for sell-
ers, there are still many buyers. And as interest rates
have risen, buyers are motivated to buy sooner, rather
than later. So this can be a good time to either sell or buy
and, in many cases, to do both.
For sellers this is the time to put your best foot for-
ward when preparing your home for sale so yours
stands out among the other listings. That way you may
sell faster and at a better price than the competition.
Realtors can be a great asset and can help the sellers
make the best decisions on what to spend money on for
home improvement before marketing their home. They
can also can give suggestions on contractors for needed
improvements and, in many cases, help you get better
prices with the least amount of inconvenience. Having
help navigating through needed improvements, the
marketing, the sale and the close of escrow can take a lot
of stress off both the seller and the buyer.
Bottom Line: This is a wonderful time to find your
dream home or, for empty nesters, to downsize.
Selling South Valley
homes with quality
and distinction for
over 35 years!
Wishing you a
Happy Holiday Season
—Teri & Steve
Fast Facts
Morgan Hill, Gilroy & San Martin (Single Family Homes)
October, 2018
Active ( Homes on the Market)
Homes Sold
Average Days on the Market
Sale to List Ratio
Morgan Hill
75
31
36
99.8%
Gilroy
83
35
23
98.9%
San Martin
16
6
36
99.3%
Teri Nelson, Realtor
408.425.5200
BRE#00858151
Stephen Smith, Realtor
408.706.0561
BRE#02027105
175 E. Main Avenue, Ste 130 • Morgan Hill