Wanted: 40 Acres and a Mule

The city slickers, rednecks, tree-hugger, and even the computer geeks who enter my Keller Williams real estate office these days have one thing in common: They all look for reasonably priced property with acreage in the South County hoping that the Silicon Valley real estate medium home price and zero lots end right behind Trader Joe's in Morgan Hill.

My dear friends and future urban farmers, unfortunately I have to burst your bubble. It's time for a reality check.

Agree, we do have a more buyer friendly market here in the South County and yes, acreage is affordable if one is willing to look further south than San Martin. However, the times when the new settlers got offered  40 acres and a mule are definitely long gone.

The medium home price in Gilroy is close to $ 600,000, and horse properties in Hollister, even if it is just one acre usable land, are a hot commodity.

We all get more conscious of what we eat, and how important it is to understand the food chain. We don't want our children think that milk grows at Safeways and love to let them raise their own chickens in our backyard because this is legal in Gilroy per city ordinance. We work hard and at home we want to have a relationship with mother nature rather than developing asthma in the San Jose summer smog days.

This is why South County real estate has become very attractive despite rising gas prices and longer commutes. With cars becoming more energy efficient and commuters more willing to car-pool on the diamond lane, the  37 miles from Gilroy to Cupertino during rush hour are now considered less of a turn-off than having to fork out the $ 1,400.000 medium home price in the city around the Infinite Loop of Apple, Inc.

The South County is back in business after having been hit hard by the 2008 recession.

Below statistics prove that Garlic is not the only hot commodity in Gilroy.
As a local  real estate agent in the city with a spice for life, I can truly say that every listing, provided that it is priced right, will receive multiple offers in this current seller's market.

GO GARLIC!




Current Inventory Statistics For Gilroy, Week 14 

• 1 Single family homes currently listed as bank owned. 
• 25 Single family homes currently liste
  d as short sales. 
• 54 Single family homes sold in the past 90 days. 
• 87 Single family homes in escrow (21 short sales). 
• 168 Single family homes listed for sale
•  $599,500 Median sale price for single family homes in past 90 days.