Buying a Home in Eagle Ridge?  Visit us on the web:  Eagle Ridge Realty I specialize in the Gilroy, CA Golf Community of Eagle Ridge.  I own two brokerages, and have 4 agents that work with me. If you are thinking about living in this beautiful community, here are the services I provide: I visit every listing in Eagle Ridge goes on the market.  I know the inventory. I will let you know and track every home that is under a notice of default, and which will be available soon after the auction. I will direct you to my website, which has all the information to m,ake an informed decision. I will keep you abreast of all possible listings I may get so you can get the information early, which especially helps in this competitive market. I will run a Comparative Market Ananlysis of your current ... 08/13/2012

Mortgage Fraud I recently wrote four posts about Mortgage Fraud: How Mortgage Fraud Affects a Neighborhood-- Part 1 How Mortgage Fraud Affects a Neighborhood-- Part 2 How Mortgage Fraud Affects a Neighborhood-- Part 3 How Mortgage Fruad Affects a Neighborhood-- Part 4 In this post, I am going to reveal what happens when the Broker / Owner of a mortgage loan companie bites off more than they can chew...  This licensee lost one house in my neighborhood, and one in another high end neighborhood in town.   Get this-- I found out he is now A MANAGER of the real estate loan office for one of the big banks...Folks, I kid you not--  I was amazed.  Back in the mid.80s, I was a loan officer for Security Pacific Bank, which was the second largest bank in California, behind Bank of America.  We wer... 08/12/2012

 I'm taking a few minutes away from the series I'm writing about the Mortgage Fraud in my neighborhood.  Here's one that happened in my town, and nobody has been prosecuted, and the agent has since moved out of town, leaving behind a trail of homes, which he acted as the buyer's agent, that have gone into foreclosure.So far, this agent (he represented himself as the buyer agent) and his wife (both licensees; both still licensed). For the most part, I am blaming the lender for not filing a SAP (Suspicious Activity Report) on this property.  That would've gone to federal regulators.  Maybe they don't seem to mind losing over $1,000,000 but I'm sure their investors might, as it was their money in the first place...  I also discovered, that his home before this was a condo, which apparently... 08/12/2012

  Here are some current Inventory numbers for week 32 in Gilroy (95020).... once again, it's our interpretation of what the market is really doing and where it's heading.   More Real Estate and Less Hype   13 Single family homes currently listed as bank owned 112 Single family homes currently listed as short sales 32 Single family homes are currently overpriced 207 Is the average days on market of overpriced homes 61 Single family homes sold in the past 90 days 156 Single family homes in escrow (99 short sales) 218 Single family homes listed for sale 249 Total homes in foreclosure $425,000 Median sale price for single family homes in past 90 days   08/11/2012

Foreclosures in Gilroy, CA The following chart represents the time it took the banks to foreclose on a home in Gilroy, CA. It is up to over a year! The reason for this could be varied, as the bank could be offering a forbearance or just working with the borrower on some sort of new repayment plan. With prices rising, some of these homes will most likely be back above water and the owner will be saved. If you are looking to by a home in Gilroy, CA, please give us a call. 08/06/2012

Foreclosures in Gilroy, CA The following chart represent foreclosure in Gilroy, CA according to Market Value. What is interesting to note here is that there are a lot of low end properties that have gone into foreclosure. The high end is not affected as much anymore, compared to what once was. If you are an investor looking to buy investment property in Gilroy, CA, please feel free to give us a call. (408) 846-8284 08/05/2012

Foreclosures in Gilroy, CA Here is a chart representing foreclosure outcomes for Gilroy, CA. As you can see, there has been a tremendous amount of reduction in the foreclosures reverting back to the bank. This chart represents a three year period. 08/05/2012

Gilroy Foreclosures Here is a three year perspective of homes that have gone into foreclosure in Gilroy, CA. As you can see, it appears the worst is over, as a lot less homes have entered the foreclosure process. We had been hit hard with the subprime market bust, but it appears that Gilroy, like the rest of Silicon Valley is pulling out of the horrible mess that we had been in. 08/05/2012

Here is a chart reflecting homes in Gilroy, CA that have entered into the foreclosure process in June, 2012, which is the latest data I can retrieve. Quite frankly, it appears the worst is over for Gilroy, as these number are pretty low. The following chart shows when the loan was originated. Those recently originated apparently have not gone into foreclosure, probably due to the tightened lending standards. If you are interested in buying bank owned homes in Gilroy, Please feel free to call us. 08/05/2012

  Here are some current Inventory numbers for week 31 in Gilroy (95020).... once again, it's our interpretation of what the market is really doing and where it's heading.   More Real Estate and Less Hype   15 Single family homes currently listed as bank owned 115 Single family homes currently listed as short sales 31 Single family homes are currently overpriced 208 Is the average days on market of overpriced homes 61 Single family homes sold in the past 90 days 159 Single family homes in escrow (104 short sales) 225 Single family homes listed for sale 247 Total homes in foreclosure $427,000 Median sale price for single family homes in past 90 days   08/04/2012

Gilroy Garlic Festival The Gilroy Garlic Festival attracted thousands of visitors on Friday, July 27, 2012. Normally this is the slowest day of the three day festival but it was a packed event. Many were able to seek the coolness of the shady seating areas spread out throughout, listing to bands on 4 stages and cooking events on both sides of Christmas Hill Park where the festival takes place every year. Parking is free and so are the buses taking visitors from the parking lots to the entrance of the Garlic Festival. For those biking to the event there is a secure parking area for bikes. Police are patrolling the festival on foot and horse. I stopped by the cook-off stage to watch a cooking demonstration, strolled along the many vendors who were selling their unique (often handmade) cra... 07/28/2012

Countdown to the Gilroy Garlic Festival The countdown to the start of the Gilroy Garlic Festival is almost running out. One more day and the kickoff to the three day party will start. Too much to see and too much to do. Come early stay late. Find alternative routes to the Garlic Festival if you are not planning to come early.  Roads get clogged up. Why not get a hotel room (if they are still available) and come all three days. Gilroy has more to offer than the Gilroy Garlic Festival. Call Chris and Larry at the Fitzgerald House the best bed and breakfast place in town. Gilroy Gardens is a fantastic theme park for young and old. The park offers rides for the little ones and is set in a large horticulture park home to the famous circus trees. Gilroy Premium Outlets is another activity tha... 07/25/2012

Tips for your next visit to the Gilroy Garlic Festival  The Gilroy Garlic Festival is a world renowned food festival focussed on garlic. You may have seen it on the Food Network or heard about it somewhere else but everyone is talking about the big event coming up this weekend, July 27, 28 and 29, 2012. This international event attracts thousands of visitors who come every year from as far away as Japan and Europe. Before you come out here are a few tips that will save you time and money. buy your tickets early - BEWARE According to the Gilroy Police Department tickets were stolen and are offered online at a discount.  These tickets will not be accepted. Tickets are available at NobHill Supermarket on First Street in Gilroy If you follow all directional signs you may get stuck in traffi... 07/24/2012

Driving Directions to Gilroy Garlic Festival, 2012.  Friday-Sunday, July 27-29! The Gilroy Garlic Festival is being held on July 27, 28, and 29, 2012 (Friday, Saturday and Sunday). This annual festival is a fun-filled outing for families and people of all ages.  The weather forecast calls for mild temperatures thi year, which will be great.   Directions From San Jose and areas north: Watch for the Caltrans sign trucks on US 101 as you enter Gilroy. Use the exit suggested on the sign truck. Follow the signs and watch for traffic control officers on the roadways. From Salinas and areas south: Use the Monterey Road exit. Follow the signs and watch for traffic control officers on the roadways. From Watsonville & Santa Cruz areas: Use Highway 129 to US 101 north, exit Monterey Road. Follow t... 07/21/2012

  Here are some current Inventory numbers for week 29 in Gilroy (95020).... once again, it's our interpretation of what the market is really doing and where it's heading.   More Real Estate and Less Hype   20 Single family homes currently listed as bank owned 115 Single family homes currently listed as short sales 31 Single family homes are currently overpriced 201 Is the average days on market of overpriced homes 56 Single family homes sold in the past 90 days 168 Single family homes in escrow (106 short sales) 232 Single family homes listed for sale 251 Total homes in foreclosure $431,000 Median sale price for single family homes in past 90 days   07/20/2012

  Here are some current Inventory numbers for week 28 in Gilroy (95020).... once again, it's our interpretation of what the market is really doing and where it's heading.   More Real Estate and Less Hype   20 Single family homes currently listed as bank owned 116 Single family homes currently listed as short sales 29 Single family homes are currently overpriced 202 Is the average days on market of overpriced homes 53 Single family homes sold in the past 90 days 172 Single family homes in escrow (108 short sales) 228 Single family homes listed for sale 250 Total homes in foreclosure $435,000 Median sale price for single family homes in past 90 days   07/14/2012

Rent this Single Family home in Gilroy California This immaculate home is available as of August 15, 2012. Year lease. Open house Sunday, July 22, 2012 from 1:00 pm to 4:00 pm. It is close to schools, parks, shops and the new Gilroy Library.  For more information call: | (408) 761-7057 740 W 8th St, Gilroy, CA Arcadia Single story home for rent with large yard. Walk to schools, parks, library. Close to shopping. Don't miss out! 4BR/2BA Single Family House $2,500/month Bedrooms 4 Bathrooms 2 full, 0 partial Sq Footage 2,014 Parking 2 dedicated Pet Policy No pets Deposit $3,000 DESCRIPTION This Single story has it all. It is well maintained and centrally located. Home has new carpet, wood floors and includes washer and dryer, bathrooms were recently remodeled, kitchen has double ovens and... 07/12/2012

Senior Living Gilroy California - Merrill Gardens Merrill Gardens, formely Villiage Green in Gilroy is a small community offering a variety of independent and assisted living.  This 62+ community is located just south of highway 152 and west of Santa Teresa in Gilroy close to parks, open space, stores and restaurants. There are a few choices for independent living residents.  This gated community has a number of single family 2 story residences. Home prices for these units are from the low $200,000s and all have small gardens and patios. Homes are approximately 1,300 square feet. HOA dues are $215 a month. The property has amenities such as a pool. Condo style living is another option for those who prever to rent. The Assisted Living care at Merrill Gardens includes the closed dementia ... 07/07/2012

Single Family Homes in Country Estates,  Gilroy, California  If you are looking for detached single family homes in Country Estates in Gilroy, CA there are many choices.  Country Estates has a large number of different home styles and floor plans.  Most homes are custom single family residences on large often steep lots. Country Estates is a premier residential community first developed in the late 1990s early 2000s on the west side of Gilroy with many lots and properties overlooking the valley, offering views of the Santa Cruz Mountains, wineries and agricultural land.  This community consists only of single family homes; there are no townhomes or condos in Country Estates. The development is perched at the top of Mantelli Drive in Gilroy a street where you can find walkers and joggers... 07/07/2012

Eagle Ridge is a great place to live.  Homes surround an 18 hole, Johnny Miller designed course.  Located just 20 miles south of San Jose, CA, Eagle Ridge and Gilroy offer a much quiet er environment in which to live.  Gilroy has a population of just over 50,000 and many of the amenities that San Jose has. Eagle Ridge Realty specializes in the sale of homes in Eagle Ridge.  You can reach us at (408) 846-8284 if you wish to buy or sell a home in Eagle Ridge.     07/06/2012