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Gilroy, CA Real Estate News

By Gary Frimann, CRS, GRI, SRES, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
If you are looking for or interested in Foreclosures in Gilroy, CA My company, SIGNATURE HOMES & ESTATES, joined up with a fantastic Limited Liabilty Company and have successfully sold two homes recently in Gilroy, CA.  In return, we got top dollar (they both actually sold for more than asking price, although one we had to make a seller's concession on the price  due to appraisal). In both cases, both homes sold in less than a week.  The investors come in all cash, and we take it from there.  Our great team, which includes a handyman who does excellent work, and house painter makes for adding the maximum amount of value.  We have "improved two neighborhoods in the process, and seem to be improving Gilroy--one house at a time. Here is how we work, and what it takes.  In the following pic...
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By Gary Frimann, CRS, GRI, SRES, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
I live in a gated golf course community of luxury homes, with a mix of smaller homes that sell just above the overall town average.  About two months ago, a real estate Broker lost his house to foreclosure, after taking out just over $400,000 in equity over the years, which I presume went to pay for vacations, his kid's college education, etc.--you know, the usual things...He did not try to FSBO it, nor short sell it.  Nothing!  He just let it go to auction.BUT, before he did, he stripped it clean and did damage to various components.It was owner-occupied, so he cannot blame tenants.  In his defense, maybe, just maybe some criminal was checking out the real estate auctions and broke in and did the damage, but for some reason I highly doubt it.  Ever notice that nobody ever robs a colleg...
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By Gary Frimann, CRS, GRI, SRES, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
I just posted another blog post  about a real estate broker who lost his house in auction and trashed it before it being sold at auction to a third party.  http://activerain.com/blogsview/2402777/when-a-real-estate-broker-trashes-a-property Here is one house that was worth over $1,000,000 at one time, which was owned by a real estate agent, which was trashed and is now listed as a short sale.  At one point, it was listed by a relative!  Maybe they can tell us where the fixtures went, or to whom they were sold, or are they sitting in the new house that these people just bought in what appears to be a "buy and bail" scheme...(And you thought nobody was looking!!!)Thanks for helping to destroy values, as the house is listed at a bargain price.  We homeowners, who are trying to do the right...
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
New construction homes are now for sale at Creekside in Eagle Ridge Golf Community.  Shapell Industries will have a new release this week at their Creekside neighborhood in Eagle Ridge, Gilroy.  Buyers can still select options at this stage. Homes vary in size from 2,574 square feet to 3,556 square feet for The Scarlet Model, Plan Four. Priced from $661,844 to $723,764. Contact your Eagle Ridge REALTOR® to schedule a pre-view of these homes or for more information. These newhomes are located directly across the Eagle Ridge community park, pool, tennis courts, basket ball courts, playground and Eagle Ridge clubhouse which offers classes and is available for rent by home owners.   Plan One "The Arroyo" Plan Two "The Mariposa" Plan Four "The Scarlet" Eagle Ridge Clubhouse and Community Park  
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Here is the latest Market Report for Eagle Ridge Golf Community in the western foothills of Gilroy, California brought to you by your Gilroy REALTOR®.  This report is dated July 5th with an update for "homes sold" as of June 1, 2011. The real estate market in Eagle Ridge looks healthy with a significant reduction of distressed homes offered for sale.  As-a-matter-of-fact only one of twelve homes offered for sale is a short sale which resulted in an increase in average home value for the month of June, 2011.  This is good news for sellers.  Buyers waiting for the "bottom of the market" may want to get ready to purchase now rather then later. Interest rates are low as are home values. Here are the facts for the May and June market update:
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
This market report for homes in Gilroy is brought to you by your Gilroy REALTOR®. The real estate market in Gilroy has slowed down a bit over the last few weeks. Inventory is down, more homes closed. Prices dipped when both median and average sales price for homes decreased compared to last month's values.The number of active properties decrease slightly, 143 properties are currently listed compared to last month when 154 properties were offered for sale, however, the number of distressed properties offered for sale is down again from last month. Minimum and Maximum sales price remains the same as last month. The average number of days on market for properties offered for sale in Gilroy increased from 117 to 138 days.  The number of properties sold this month increased slightly and inc...
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
This Eagle Ridge Market Report is brought to you by your Gilroy REALTOR® and Eagle Ridge Specialist. The real estate market has slowed down a bit over the last few weeks. The number of active properties increase slightly, however, the number of distressed properties offered for sale is down again from last month.  Minimum sale price is a bit lower and maximum sales price remains at $799,000.  Average days on market for properties offered for sale has decreased from 74 to 40 days.  More distressed properties closed this month lowering the average sale price compared to last month.  As noted the average days on market for homes sold in Eagle Ridge this month is high at 179 due to a few distressed properties that took many months to close.   If you would like to receive a free comparative ...
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Gilroy Gardens, formally knows as Bonfante Gardens, in Gilroy is open on Saturdays and Sundays from 10:00 am to 6:00 pm. The park will be open daily from 11:00 am to 5:00 pm starting June 11, 2011. Gilroy Gardensis a horticultural park located on Heckers Pass in Gilroy and home to the Circus Trees.  Buy your season passes now and save $10.  Gilroy Today, a quarterly publication for and about the community of Gilroy, has a $15 off general admission coupon on page 47 of the Spring 2011 issue available. This magazine has a wealth of information on Gilroy's history, businesses and current and upcoming events. Pick up a copy today at First Street Coffee House or other business location in Gilroy.
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
  This Real Estate Market report is dated May 12, 2011 and brought to you by your Gilroy REALTOR® helping buyers and sellers with real estate needs. The average list price and median price for active properties has increased over last month.  List price ranges from $120,000 to $6,995,000 with a median list price of $466,250. Average List Price is high this month $721,129 because a large number of homes for sale (23) are listed over 1 million dollars. Average price is the total sum of all properties in a certain category divided by the number of properties.  Median price is the price in the middle of all properties in a certain category meaning that there are as many properties more expensive as there are less expensive.  Even though I encountered a number of homes for sale which receive...
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Bottle Your Own at Martin Ranch Winery Event Martin Ranch Winery in Gilroy, California is hosting another Bottle Your Own Event.  Don't miss out: Sign up is required for this popular event scheduled for June 4 and 5, 2011 from 8:30 am to 4:30 PM.  Martin Ranch Winery is located at 6675 Redwood Retreat Road, Gilroy, CA 95020-8818. (408) 842-9197.   Watch the video produced by Martin Ranch Winery and sign up before the event is sold out.
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By Gary Frimann, CRS, GRI, SRES, REALTOR and Broker
(Eagle Ridge Realty / Signature Homes & Estates)
We as real estate agents do not like to talk about this subject too much, especially in some areas.  I (as well as my wife) feels very safe in Gilroy.  It truly is a subjective measure of a community.  I've noticed that Gilroy has spots of crime, perhaps due to shoplifting occuring at the Gilroy outlets or the local Gilroy WalMart, but overall, in my opinion, there is not major crime (a whole bunch of felonies) taking place in Gilroy, compared to other cities in the Bay Area. Well, one can go here, courtesy of the San Jose Mercury News, and pull up the most recent crimes on a crime map. Just type in "Gilroy, CA" in the space ENTER LOCATION, and you can get a 3,7,14,or 30-day mapping of the crime report.  Be safe out there.  
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Christopher High School in Gilroy The newest high school in Gilroy, Christopher High, is expanding its beautiful campus.  The new pool under construction should be ready this summer. The school is adding a new wing with more class rooms as well. You can find more information about Christopher High School on their website.  This high school is located on the north side of Gilroy just west of Santa Teresa with easy access to Morgan Hill, Route 101 and other parts of Gilroy. If you are interested in new construction or a home in Gilroy please don't hesitate to contact me. There are new construction opportunities within walking distance of this new high school. When buying a home it is always recommended that you are represented by a REALTOR® who will work on YOUR behalf, not that of the se...
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Here is another Eagle Ridge Golf Course Community Market Report. This past week was a very busy week for home buyers and home sellers.   There are only 7 active homes listed in this desirable community.  As a Gilroy REALTOR® selling properties in Morgan Hill and Gilroy I encounter multiple offers on a number of properties, however there is no bidding war yet. A property which was listed two days ago is already under contract. Fewer distressed homes are listed, only 3 of the 7 homes, that is the lowest percentage in a long time, although most of the homes in escrow are still distressed properties which take a long time to close. One property closed escrow during April.        
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
The Eagle Ridge Hiking Group  Last year some residents of Eagle Ridge formed another group to add to the large number of activities organized in the community of Eagle Ridge in Gilroy, California.  This group has been growing in numbers and hikes ever since. This golf course community consists of nearly 900 homes and offers residents and guests a large variety of organized activities such as bunko, book club, hiking, walking, knitting, board game night, ladies lunch, ladies night, golf for women, golf for men, swimming, poker, bridge and more. The Eagle Ridge Hikers were on a recent outing to Almaden Quicksilver County Park in San Jose and Harvey Bear Ranch Park.  Later this week they will go to Pinnacles National Monument.      
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Eagle Ridge Golf Course Club House in Gilroy, California is the location for many weddings.  Most weekends, especially during the summer months, the white chairs are lined up on the front lawn facing the wedding gazebo for yet another exchange of vows. Eagle Ridge Club House is a great location for weddings and Wedgewood is the company which hosts these beautiful events. These pictures are from a wedding that took place just last Saturday at 6:00 pm on a blustery evening. The last picture was taken at a different day for a different wedding as you can see from the palm trees.        
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
This Market report is dated April 12, 2011 and brought to you by your Gilroy REALTOR® from the Garlic Capitol of the World. The average list price and median price for active properties is a bit distorted due to the fact that there are a few high valued properties included as you can see from the maximum list price for active listings. Average price is the total sum of all properties in a certain category divided by the number of properties.  Median price is the price in the middle of all properties in a certain category meaning that there are as many properties more expensive as there are less expensive.    **Information contained on this report is designed for accuracy but is not guaranteed**  
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Hearts of Gilroy presented by Community Solutions, a non-profit organization.  Tickets are sold out to this White Elephant Women's Luncheon at the Eagle Ridge Golf Course Clubhouse which will be held on April 16th, 2011 from 11:00 - 3:00 pm.   If you want to be on the waiting list for this event contact Community Solutions at 408-776-6212. Following is a video message from the organizers of Hearts of Gilroy.
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Not too much action this month in the real estate market in Eagle Ridge Golf Community in Gilroy California, better know as the Garlic Capital of the world. Eagle Ridge Golf Course Community counts around 890 detached single family homes.   Update is as of today, April 12, 2011:  **Information contained on this report is designed for accuracy but is not guaranteed**   Discover the beauty of Eagle Ridge:      
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
This is a market update for Gilroy, California dated March 29, 2011 for single family detached homes and townhouse/Condos. Percentage of distressed properties is down and more in line with the average for California. Price per square foot has increased as did the median home values in Gilroy. Currently, Gilroy has 143 active listings, 214 listings in escrow and 49 listings sold this month.     The above statistics are provided courtesy of Santa Clara County Multiple Listing Service (MLS). Information provided is deemed reliable, but not necessarily accurate. There may be discrepancies, as mistakes in inputing can be made.
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By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Current Real Estate statistics indicate that pending home sales in California increased during the month of February compared to January and that the total number of distressed properties sold from February over January was up from 54% to 56%.    According to the February statistics for Eagle Ridge Golf Course community 93% of pending home sales were distressed. The total number of distressed properties sold in Eagle Ridge during the month of February 2011 was 50%, 6% less than the state average. My observation here is that the number of properties for sale is down with only 8 active listings.  The good news is that the number of distressed single family homes for sale is down sharply to only 37.5% and properties for sale are receiving multiple offers. Eagle Ridge Golf Course community ...
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