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Market Conditions in Gilroy : Real Estate Advice

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  • Local Info15
  • Home Buying25
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Activity 3
Sat Sep 27, 2014
Lisa and Pete Fleming answered:
Christopher High is home of the cougars!!! Great location in the NW quad of Gilroy. Brand new school with amazing facilities. Located on Santa Teresa and Day road! a growing school surrounded by parks and the rolling hills ... more
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Sun Jan 6, 2013
Sam Shueh answered:
Can only talk about what has happened and is happening.
The way it works is the closer to the big city the faster the homes price will rise in a growth phase.

In 2012, San Jose City price appreciated +20%, South SJ was +17.1%, South SC County was +17.6%, using Q4-2011 average price and cost per sf as baseline.

I went to MLS Fri to pull data from 1959 and on. MH appreciated 13%(2012). Gy moved up the first 6 months bet. 11-12% by as much. Hollister appreciated over 11.1% this past summer (Jan-Jul, 2012). Both GY & Hollister have momentarily stabilized. This price fluctuation may be seasonal.

In 2013 we will expect good appreciation in all neighborhoods. Again, the closer it is to job centers the faster they appreciate since home buyers will have to pay more to beat the competition. As we get close to the end of growth cycle the remote towns get their turn. Gy price went up to 30% per year before the price correction. Economists are predicting another 3-4 years of steam.
Sam Shueh
Keller Williams Realty
... more
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Sun Apr 6, 2008
Kathleen Shaffer answered:
Well, I see you posted this question back in April. As you can see, prices sure did fall!!
And they will continue falling. There are many factors that will contribute to this, not the least of which will be another wave of foreclosures in 2011.

This is a great time to buy a home this year, next and the next...get into investing now.
Like Warren Buffett says, when people are fearful, investors buy.
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Market Conditions in Gilroy Zip Codes