Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Fulfilling Dreams, one Home at a Time.

Whether you are selling, buying, or investing, our goal is to meet your Real Estate needs so well that you 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.

Public Elementary:

Public Middle: Public High Schools: Charter: Private:

Higher Education

-Under Construction

Morgan Hill Real Estate Market

Morgan Hill Real Estate Price Trends
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 dipped in the fall of 2019 in a regular winter price roll-off. Priced rebounded in February in anticipation of a brisk spring selling season, then COVID-19 restrictions hit in March, and prices retreated some of their gains. In the past two months, prices have held steady again above those levels, as housing demand again drives props prices up.

Morgan Hill residential Sales by Price Range
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 a the former secondary peak in the $1,200,000 to $1,400,000 band diminishing down to the upper floor of 50-70 homes per band.

Morgan Hill average days on market by price range
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.

The histogram shows that for most price bands Morgan Hill homes sell in about 3-4 weeks, though the $1,400,000-$1,800,000 bracket sells in about a week.

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 sell within 1% of list on average, suggesting sellers and buyers agree quite well on pricing decisions.

Morgan Hill Average Sales to List Price Ratio by Price Range
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, 2019, 2020 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.