Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Morgan Hill, California

Morgan Hill, CA: Looking at El Toro from East Dunne Ave

Morgan Hill Area Profile

Diana and Hiram Morgan Hill built their country estate, Villa Mira Monte, between the railroad and Monterey Road in 1884. When the first Southern Pacific station was built in 1898, the railroad referred to this area as Huntington. Because many visitors would request the train stop at “Morgan Hill’s Ranch,” the stop became known as Morgan Hill. The City adopted this name when it incorporated in 1906.
(courtesy Morgan Hill city website)

Demographics:

Economy:

City Government

The city of Morgan Hill is governed by a 5-member City Council which includes the Mayor. Beginning in 2018, the city will switch from at-large city council seats to electing by district every 4 years. They Mayor will continue to be separately elected to 2-year terms.

Morgan Hill City Hall sign and emblem

(courtesy Hydrargyrum, Wikimedia contributor)

Things to Do in and around Morgan Hill

Photo of Santa Clara County Model Aircraft Sky Park - Morgan Hill, CA, United States

GOLF:

Boating:

Other:

Hiking:

UNDER CONSTRUCTION

Parks and Rec:

Coyote Creek Trail

Cycling

 

UNDER CONSTRUCTION

Mountain Biking

UNDER CONSTRUCTION

Theater, Concerts, and Museums in and near Morgan Hill

Area Theater and Concert Venues and Organizations:

Area Galleries and Museums:

Dining and Shopping in Morgan Hill

Places to Eat:

Places to Shop:

Education Opportunities in Morgan Hill

K-12 Schools Serving Morgan Hill

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

Higher Education

Morgan Hill Real Estate Market

Morgan Hill Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows that prices in Morgan Hill have held fairly steady for the past year, declining only slightly while Santa Clara County in general declined 15% by years’ end and has only recently been recovering.  Over-bidding as evidenced by the red line depicting the average sales price to list price ratio, has declined from a peak over 4% in April to about 2% below list in January and climbing slowly through April, indicating strong demand.

Morgan Hill real estate trends: Homes Sales by Price Range over the past 12 months.

The histogram above breaks down Morgan Hill homes sales over the past 12 months by price range. More than half of the homes sold for less than $1,000,000, with sales in the $1,200,000 to $1,400,000 band up sharply.

Morgan Hill Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. 

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home.

Morgan Hill homes tend to stay on the market longer than more northern areas of Santa Clara County, with many price bands staying on the market for five weeks or more.

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%.

Here we see that nearly all price bands have sold below list, with the single exception being the $1,200,000-$1,400,000 band where we saw the upsurge in sales above.

Morgan Hill Real Estate:6-month Average Sale Price to List Price Ratio by Price Range

Help me with Real Estate in Morgan Hill

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.