Gilroy, California - Eagle Ridge Market Update

By
Real Estate Agent with Summit Realty Group CA BRE# 01839597

Eagle Ridge Golf Community's real estate market rebounded.  Home sales are up, prices have decreased and fewer distressed homes such as short sale and bank owned properties are offered.

Eagle Ridge Golf Course Community in Gilroy, California consists of different neighborhoods and each community has unique features and home styles.  All homes built in Eagle Ridge in Gilroy, have to adhere to standards and guidelines.  Homes must conform to the Mediterranean style architecture whether they are built by a builder, (Standard Pacific, Shapell Industries, Summerhill homes, or Old Orchard) or custom built. 

Currently, there are:

11 active listings in the community of Eagle Ridge ranging in price and size from:

 

  • $419,900 for 4 bed/3 bath 2333 SqFt Courtyard home to $849,999 for 5 Bed/5 Bath 5083 SqFt home. About 54% of these listings are short sale and one is bank owned.

 

15 homes are in escrow of which 93% are distressed sales ranging in price and size from:

 

  • $459,999 for 3 bed/3 bath 2222 SqFt home to $824,975 for 5 bed/5 bath 3772 SqFt. home.
6 homes closed escrow in January 2011 ranging in price and size from:
  • $468,000 (sale price $468,000) for 4 bed/4 bath 2222 SqFt home to $745,000 (sale price $735,000) for 5 bed/4 bath 4113 SqFt home.
The percentage of distressed sales was 50%.  Sale price was an average of 98% of list price.


eagle ridge gilroy homes for sale 
eagle ridge golf gilroy
Pictures provided by A. Pollard with permission

 

 

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Anja K. Kerstens
REALTOR®, CDPE, CHS and ASP®
DRE#01839597 

Summit Realty Group
 

http://akerstens.com
akerstens@summitrealtygrp.com

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Rainmaker
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Gary Frimann
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
California Broker and REALTOR

Good statistics.  Thanks.  Great pictures as well.

Feb 19, 2011 12:22 AM #1
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Rainmaker
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Anja Kerstens

GRI, CDPE, CHS, ASP, Selling Silicon Valley Real Estate
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