gmhTODAY 01 gmhToday Mar Apr 2015 - Page 67

2015 Morgan Hill Is Growing is promising to be a very active year for the Real Estate market. Multiple new homes, ranging from small to very large, are springing up throughout the city. This is a refreshing change from the stagnant new home market of the past few years when builders were in a hol ding pattern waiting for a change in the economy. Allotments that had completed the approval process with the city were held until builders felt the economy was back. This new housing activity is a good indicator that the economy is recovering. New housing start-ups and home sales, both new and resale, are very brisk and the inventory is way down. This makes for a market that will see home prices continue to rise. This, coupled with the current very low interest rates, makes this a good time to jump in and find your dream home. If you are planning on selling, now is also the best time —when inventory is so low. We are seeing a steady stream of prospective buyers without homes available for them to select. Multiple offers are happening and as we move to spring, which is usually the busy time of year, we will probably see the prices rise. Now is the time to spruce up your home and call your Realtor and request a market analysis. You may be very surprised at the price and terms you receive on your sale and how quickly it may sell. Here in Morgan Hill, new housing starts are popping up all over. I have listed some of the homes in the area that are currently selling or are in the beginning stages of presale. I apologize if I have missed any communities but this will give you an idea of what is available or coming soon to the market in Morgan Hill. Morgan Hill is such a wonderful community to live, work and play and enjoy the serenity of the hills, our agriculture and gorgeous weather for all your outside activities. Be sure to call your Realtor before going to the new homes. If they accompany you on your first visit they can help you with the process and investigation before you purchase. Torreon in Morgan Hill- Taylor Morrison Homes - 130 Cochrane Boulevard Madrone Plaza - Taylor Morrison Homes - 130 Cochrane Boulevard Terra Mia At Mission Ranch - Dividend Homes Near Peat Road and Cochrane Conemara - Dividend Homes - Watsonville Road Amadora - Dividend Homes - Peebles Avenue at Clayton Silverwings - Dividend Homes - Malaguerra and Silverwings Lone Oak Farms - Dividend Homes - 689 Barrett Avenue Vintage Estates - Ryder Homes - East Dunne and Murphy Brighton Oaks - William Lyon - East Main and Butterfield Avenue Stonebridge - Meritage Homes - 191 Peppermint Drive (North Morgan Hill) Loden Place - City Ventures - 18130 Hale Avenue San Sebastian Estate Homes - 2280 Cochrane Quick Stats Local Trends Single Family Residential in Morgan Hill 2014 NOVEMBER DECEMBER JANUARY 2015 Active 85 59 27 Homes Sold 39 47 42 Days On Market 85 59 56 Sale To List Ratio 102% 101.6% 101.5% Teri Nelson, Realtor Intero Real Estate Services 408.425.5200 BRE#00858151