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2. Neighborhood Detail Single Family Homes in
LessThan6Percent | 1-800-692-5010
GILROY, CA 95020
This Week Real-Time Market Profile Trend
The median list price in GILROY, CA Median List Price $ 564,450 ==
95020 this week is $564,450. The 126 Average List Price $ 782,583
properties have been on the market Asking Price Per Square Foot $ 250 ±+
for an average of 111 days. Average Days on Market (DoM) 111 ±+
Inventory of Properties Listed 126 ±+
Most Expensive Listing $ 5,195,000
With inventory and days-on-market Least Expensive Listing $ 59,000
basically unchanged and the Market Average Age of Listing 32
Action Index decreasing, the market Percent of Properties with Price Decrease 10 %
is not sending strong directional Percent Relisted (reset DOM) n/a
signal for the near-term outlook. Percent Flip (price increased) 11 %
Median House Size (sq ft) 2097
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0
Supply and Demand
Median Number of Bathrooms 2.0
Altos Research Value Statistics
In the last few weeks the market has Market Action Index Seller's Advantage 41.9 ≠≠
achieved a relative stasis point in The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30
terms of sales to inventory. implies a seller's advantage. Below 30, conditions give the advantage to the
However, inventory is sufficiently buyer.
low to keep us in the Seller's Market
zone so watch changes in the MAI. If Trend Key: == Strong upward trend ≠≠ Strong downward trend
the market heats up, prices are ±+ No change = Slight upward trend ≠ Slight downward trend
likely to resume an upward climb.
Characteristics per Quartile
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
8,001 -
Top/First $ 1,290,000 3986 10,000 sqft 4.0 3.0 33 31 1 0 199 Most expensive 25% of properties
6,501 -
Upper/Second $ 699,000 3081 8,000 sqft 4.0 3.0 10 31 1 1 83 Upper-middle 25% of properties
6,501 -
Lower/Third $ 450,000 1870 8,000 sqft 4.0 2.0 11 32 3 3 65 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 299,000 1312 6,500 sqft 3.0 2.0 41 32 2 1 100 Least expensive 25% of properties
Page 2 of 6 Monday April 1, 2013
3. Single Family Homes in
Neighborhood Detail
LessThan6Percent | 1-800-692-5010
GILROY, CA 95020
Median Price
Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high
point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
7-day Average 90-day Average
Quartile Prices
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all
four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from
these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 6 Monday April 1, 2013
4. Single Family Homes in
Neighborhood Detail
LessThan6Percent | 1-800-692-5010
GILROY, CA 95020
Price per Square Foot
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new
homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
7-day Average 90-day Average
Inventory of Properties Listed for Sale
Inventory has been relatively steady around these levels in recent weeks.
7-day Average 90-day Average
Page 4 of 6 Monday April 1, 2013
5. Single Family Homes in
Neighborhood Detail
LessThan6Percent | 1-800-692-5010
GILROY, CA 95020
Market Action Index
The GILROY, 95020 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands
at 41.87 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
90-day Average Buyers/Sellers Cutoff
Market Action Index per Quartile
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the
whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a
slowdown for the whole group.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 6 Monday April 1, 2013
6. Single Family Homes in
Neighborhood Detail
LessThan6Percent | 1-800-692-5010
GILROY, CA 95020
Days on Market
The properties have been on the market for an average of 111 days. Half of the listings have come newly on the market in the
past 38 or so days.
7-day Average 90-day Average
Days on Market per Quartile
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 6 Monday April 1, 2013