Special offer

Gilroy, CA Real Estate News

By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Easter Egg Hunt for Eagle Ridge Residents and their guests The Family Committee has organized another Easter Egg Hunt for the young Eagle Ridge residents.  This event will take place at the Eagle Ridge community park on Troon Court on April 11th from 1 to 4 p.m.  This event will include an easter egg hunt, face painting and balloon artists will treat the youngsters with their art.  As always, this events is free and sponsored by the Homeowners Association.  Participants are asked to bring a dish to share and 10 filled eggs for the hunt. The Family committee organized three events a year for the membership.  This is the first event followed by the July 4th parade and Halloween party in October.      
Comments 0
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
March 2009 has been and continues to be a busy month for Gilroy Real Estate. This has been an amazing month in terms of sales here in the desirable community of Eagle Ridge, in Gilroy, California.  We have three more days to go but the numbers are in. Inventory is down to 20 single family homes from 38 just at the beginning of this month!  This is very eencouraging news for those homeowners who have seen the values of their homes drop sharply.  When inventory is down prices tend to increase.   Eagle Ridge is a very desirable golf course community in the Gavilan foothills.  It has a homeowners association and is governed by CC&Rs.  The community has two nice parks; the main park offers tennis courts, a junior olympic sized pool, club house, basketball courts and play structures.  The us...
Comments 0
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
  March 2009 has been and continues to be a busy month for Gilroy Real Estate.   In February of 2009 the inventory of single family homes in Gilroy was 352 with 42 homes sold and 91 new listings.  The absorption rate was 7.3 months.  That means that it will take 7.3 months for a new listing to close sale when no new homes come on the market.  This absorption rate indicates that we currently are in a buyers' market.  Mortgage rates are coming down and the new homebuyer tax credit is an additional incentive to purchase a home. This month is not closed yet but the numbers are already looking better than last month.  Currently there are 230 homes in inventory.  In the first 27 days of March 49 homes sold and 75 new homes were newly listed.   If you are a first time homebuyer I will be happ...
Comments 0
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Our market is looking good! There are some encouraging signs which could indicate that the real estate market is turning around.   We have seen a flurry of activity.  In my small community of Eagle Ridge we had 38 active listings this month. Sixteen listings went to contract including eight in the last ten days.  During our open house last weekend we had about 16 couples come through; that was more than in the previous weeks.  The bank received multiple offers.  It is starting to look better every day.    
Comments 0
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
  I am not an artist but I have a passion for cycling and I am ready for the Tierra Bella Tour. The  Tierra Bella Tour is organized on April 18th, 2009 by the Almaden Cycle Touring Club http://www.actc.org/index.php.  Cycling enthusiasts flock to GavilanCollege in Gilroy to participate in this wonderful event. Riders can choose from 4 different routes depending on their level; options are 60, 100, or 200 kilometers or 100 miles.  My personal favorite is the 100 kilometers which takes me through the east side of Gilroy past the Gilroy Hot Springs and back to the west side of town and north along Uvas Reservoir to Morgan Hill.   This year the longer tours will not take the riders to MetCalf.  The new route takes them to South San Jose and up to Henry Coe Park. http://www.actc.org/tb/tb08...
Comments 0
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
It is Saturday and I am looking back to a very busy week in real estate.  Gilroy saw an increase in properties that went to pending sale and closings in the past week. At our open house today we had at least 10 couples coming through which is more than in previous weeks.  That is a good sign.  Let's get the REO properties and short sales out of inventory so that prices can increase again.  It is definitely a buyers' market.  In the Eagle Ridge Golf community we had 38 listings last week with 12 going to contract.  All were REOs and short sales.   Entrance to the Eagle Ridge Golf Community   This is the Eagle Ridge Golf Clubhouse.  A favorite spot for wedding ceremonies.    
Comments 0
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
And the good news is ……… A new research report from the National Association of Home Builders “found that affordability of houses is now at its best level in years.” When I look at the statistics of my local market I tend to agree. Home values dropped 37.5% ($390,000 vs. $624,000) last quarter compared to the same period the year before. According to a study 62.4% of median income families could afford to buy a median priced home compared to only 47% the year before. These are encouraging numbers. In February we had a few more listings, fewer sales and homes were on the market a bit longer than the month before. However, the medium sales price increased slightly. March sales are off to a good start with 13 homes sold as of today.
Comments 2
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Thanks to the efforts of a few "brave" ladies the Social Committee of Eagle Ridge has been resurrected with the full support from the Board of Directors of Eagle Ridge Homeowners' Association.  They are planning their next event on March 13th and encourage all homeowners and their guests to sign up for the "Homeowners Casino Night" at the Eagle Ridge Golf Clubhouse.  The event takes place between 7:00 pm and 11:00 pm on Friday March 13th.  This wonderful evening will include dinner, games such as craps, roulette, blackjack, and poker hosted by a professional casino group, a no-host bar and dancing to the music of DJ C.J. Wallace.  The cost is $45.00 per person thanks to a pledge of the Eagle Ridge Homeowners Association. The Social Committee is also working on other events in the coming...
Comments 0
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Does the American Recovery and Reinvestment Act of 2009 benefit the housing market? It seems that we are bombarded by bad news day in and day out.  You open the newspapers and stare at articles about the plummeting property values (Gilroy is at about 31.8%) and the bleak unemployment numbers (at a 25 year high as of January 2009).  However, there is also some good news.     Tax credit for first time homeowners: Under the new Stimulus Act of 2009, http://www.llsdc.org/attachments/files/90/H-Rep-111-16.pdf, which was just signed by President Obama, first time homeowners can now qualify for a tax credit of up to $8,000 or 10% of the purchase price of the home not to exceed $8,000.  This is only for first time home buyers who file taxes jointly or up to $3,500 for single filers.  Under  the...
Comments 7
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
Home sales rebound in January and inventory levels are down. After a stronger month of home sales in November we saw that number drop slightly in December and  increase again in January. Nationwide home sales jumped 6.5% in December. Home sales in Gilroy rose by 11.6% in January compared to December. Current inventory dropped 4.6% last month compared to a nationwide inventory drop of 18% due to improved affordability; the most favorable levels in 39 years. However, the medium sales price of a home in Gilroy dropped from $387,500 to $350,000. It is always difficult to predict when we hit "rock bottom" in home sale prices and according to Lawrence Yun, chief economist, we can expect home sales to stay soft in the first quarter and slowly rise later this year. The jump of pending home sale...
Comments 1
By Eagle Ridge Realty, "Our Performance Will Move You!"
(Eagle Ridge Realty)
Gilroy High School's Chamber Choir, under the direction of Mr. Phill Robb have been invited to perform at Carnegie Hall in New York this Spring. To us here at Eagle Ridge Realty, this is a once in a lifetime opportunity for our local high school's choir members that should provide them with long lasting memories. We here at Eagle Ridge Realty would like to extend our congratulations to this wonderful group, and wish them the best of luck. However, they do need some funds...  If you can, please help! If you would like to make a donation to the Gilroy High School choir program to help fund the trip to Carnegie Hall, contact Phil Robb at Phillip.Robb@gusd.k12.ca.us or call 847-2424 ext. 8567. We are all wishing you the best!!!    All the agents at Eagle Ridge Realty- Gary Frimann, Nancy Fr...
Comments 49
By Eagle Ridge Realty, "Our Performance Will Move You!"
(Eagle Ridge Realty)
Eagle Ridge Realty is proud to announce the addition of Anja Kerstens as an agent to our staff.  She is the sixth agent who lives in Eagle Ridge whom we have chosen to represent both buyers and sellers of homes in Eagle Ridge. Besides her vast knowledge of real estate, Anja is also the former Treasurer of the  Homeowners' Association and is now serving as its Vice-Presicent.  She is also the Parks Committee chairperson.  Anja is truly an asset to not only the community, but to our firm of growing professionals as well. We wish her tremendous luck in this new year, and hope that you consider to use Anja to help you whether you are buying or selling a home in Eagle Ridge! Anja can be reach by email                                                                                    
Comments 46
By Anja Kerstens, 669.270.8034, GRI, NHCB, CDPE, CHS. Silicon Valley Homes
(Compass)
The board of directors of the Eagle Ridge Community will have their last meeting tonight, November 19th at 6:00 pm in the HOA clubhouse.  They usually meet once a month except during the holiday season.  The next meeting will be held on January 29th, 2009 at the Association clubhouse.  All homeowners are invited to attend and those who come out are always treated to cookies and drinks.  Homeowners are encourage to bring their ideas, issues and/or concerns to the attention of the board during the beginning and the end of a meeting.  Tonight's topics on the agenda are the installation of the speed humps on three locations on Club Drive to reduce the speed in the community, the landscape/maintenance report and updates, landscape installation approvals, and financial overview of the HOA.  A...
Comments 2
By Eagle Ridge Real Estate Agents, Representing Buyers and Sellers in Eagle Ridge
(Eagle Ridge Realty)
All Homeowners are invited to the New Years Eve Party at the clubhouse. December 31, 2008 Time: 8:00pm-1:00am Appetizers and Cocktail hour hosted 8:00-9:00pm Buffet Dinner with Carved Prime Rib Wine During Dinner Dessert Bar Party Favors and Champagne Toast at Midnight! OK to bring your own wine--$10.00 corkage fee Dance the night away with DJ-- C.J. Wallace Cost per person: $90.00 Make Checks payable to "Wedgewood Eagle Ridge" Contact via email: Rosalie Baylot  rbaylot@sbcglobal.net Cindy Burke  cindyburke1@aol.com    This advertisement was provided as a Courtesy through Eagle Ridge Realty   Eagle Ridge Realty is not involved in this function, other than wishing everyone a happy new year!
Comments 29
By Eagle Ridge Realty, "Our Performance Will Move You!"
(Eagle Ridge Realty)
All Homeowners are invited to the New Years Eve Party at the clubhouse. December 31, 2008 Time: 8:00pm-1:00am Appetizers and Cocktail hour hosted 8:00-9:00pm Buffet Dinner with Carved Prime Rib Wine During Dinner Dessert Bar Party Favors and Champagne Toast at Midnight! OK to bring your own wine--$10.00 corkage fee Dance the night away with DJ-- C.J. Wallace Cost per person: $90.00 Make Checks payable to "Wedgewood Eagle Ridge" Contact via email: Rosalie Baylot  rbaylot@sbcglobal.net Cindy Burke  cindyburke1@aol.com    This advertisement was provided as a Courtesy through Eagle Ridge Realty   Eagle Ridge Realty is not involved in this function, other than wishing everyone a happy new year!
Comments 52
By Signature Homes & Estates, "Our Performance Will Move You!"
(Signature Homes & Estates)
      Theresa Ta-Tran, REALTOR Signature Homes & Estates would like to welcome back Theresa Ta-Tran to our Brokerage.  Theresa has worked as a loan officer in real estate as well.  She resides in the Eagle Ridge Golf Community in Gilroy, CA and sells property in Gilroy, Morgan Hill, and San Jose.  Theresa is fluent in both English and Vietnamese.  Theresa is also strongly involved in community matters and volunteers quite a bit at her children's school and after school activities.  A true professional, we are proud to have her as part of our Realtor staff.      Theresa can be reached by email:  Theresa@SignatureHomesAndEstates.com  
Comments 24
By Eagle Ridge Realty, "Our Performance Will Move You!"
(Eagle Ridge Realty)
One of the great things about Gilroy is the annual Garlic Festival.  The money goes to support local groups, which is great.  This psat year saw over 100,000 people attend.  The festival takes place across from the Eagle Ridge Golf Course.  Eagle Ridge Realty agents do volunteer, through the Gilroy Chamber of commerce.  It is always a fun time.
Comments 52
By Eagle Ridge Realty, "Our Performance Will Move You!"
(Eagle Ridge Realty)
On Sunday, September 14, 2008 the residents held their annual golf tournament.  The money collected is used to sponsor charity, and this year's charities were Hospice of the Valley and Mt. Madonna YMCA.  The exact figure is not in yet, but apparentl;y we raised almost $4,000 for these two fine charities.  Nancy and Gary DFrimann were golf committee chairpersons, and would like to thank all the volunteers for a successful day, and also the many, many sponsors.    
Comments 53
By Signature Homes & Estates, "Our Performance Will Move You!"
(Signature Homes & Estates)
Foreclosures in Gilroy and Morgan Hill We now have Foreclosure information on our website.  You can view for free homes that are either in foreclosure or are bank owned.  This information is provided for free, as we subscribe to foreclosure radar. The best way to search is to use the zip codes: Gilroy is 95020 and Morgan Hill is 95037. Check it out.  It is a great way to search for foreclosures in the South County. Search here for foreclosures in Morgan HIll and Gilroy There has been a huge increase in the number of homes that have gone into Pending status.  Buyers are returning to the market and it shows.  Some homes have sold within a week.  Buyers that were waiting are now committing, and getting some great deals out there.  Gilroy was particularly hit hard with foreclosures (my theo...
Comments 24
By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
 I received an email request for information of home today. It turns out this home was sold 2 years ago for 2.4 Millions and now is only asking for $1.325 Millions. I just cannot believe in. 2549 Butch Dr. Gilory CA 95030 is a 5 bedrooms 4+ baths 3 years new custom homeon the hills of Gilroy. It is bank owned now and the asking price is $1.325 Millions which is more then one millions dollars less then it was sold.It has 2 master bedroom suites, beautiful chandeliers almost every rooms , with magnificent foyer,a large swimming w/spa,4 balconies w/mountain &city light view!  Can you picture yourself live in a large home 6207 sf home on the lot of 491,792 sq ft for only 1.325 Millions dollars? If I have 1.325 Millions, I will love to own this mansion.Please read this article for more deta...
Comments 8