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Market Conditions in Morgan Hill : Real Estate Advice

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  • Local Info7
  • Home Buying49
  • Home Selling10
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Activity 5
Fri Jun 20, 2014
Sam Shueh answered:
Ag-R1 zoning, not splitable.
In real estate 6 months is a long time. What was said was just a professional opinion 10 years ago used by the lender.

I am 1 mile away off Santa Teresa/Watsonville. Pricing and condition is everything since there are more estates coming up now than 2013.

About 2 years there were no estates sold for more than 2 mil. There are no major high tech firms coming to town so it will remain as a bedroom community for Silicon Valley.

Market is good. About 30% homes need a price adjustment. When they sell they sell top price.

Sam Shueh
Keller Wms Realty
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0 votes 5 answers Share Flag
Mon Aug 9, 2010
George Nowicki answered:
Very realistic in Morgan Hill, Gilroy and South San Jose. There are many investors buying REOs and Short Sales in those areas so there are new rentals coming up all the time. For example, I just completed a transaction in Gilroy for some investor clients of mine for a 2900sf home which they are renting out for $2500 a month. Best place to find a rental in these areas is Craigslist IMHO.

George Nowicki REALTOR®
Cell: 408.892.3379
DRE# 01363797

Alain Pinel Realtors
1071 Blossom Hill Road
San Jose, CA 95123
408.754.1501 fax
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Thu Sep 17, 2009
Juhi answered:
Hi Mindy,

I'm curious since you mentioned any chance, were you looking at the Madrone plaza community on butterfield & cochrane? If so, I was also considering that. Any thoughts on that community?

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Wed Jul 15, 2009
Jimmy Reynolds answered:
Check sales for comparable homes in your area. You may need a Realtor to do this. You could also hire an appraiser and that is part of his service. In most areas of the country, home values have declined over the last few years. ... more
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Sat Sep 13, 2008
Zetabeos answered:
Actually it will get better as prices continue to correct and move downward. I dont and never considered rising prices as good news. Higher prices taxes our economy and makes it more harder to be competitive in a global market place. ... more
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Market Conditions in Morgan Hill Zip Codes