Foreclosures in Eagle Ridge in Gilroy, CA If you are interested in the foreclosure market in the Eagle Ridge Golf Community, you should definitely contact us at EAGLE RIDGE REALTY!  Click on the link above to see all homes that are for sale in the Eagle Ridge Golf Community located in Gilroy, CA.We have 5 agents ready to serve you, and all are residents of the Eagle Ridge Golf Community. They know their stuff! Next, I would like to explain what happens to a home under a Notice of Default (the first step of the foreclosure process) a notice of default...  The bank will wither discount them heavily and sell them at auction (you'll need all cash to buy them at auction) or they will most likely revert to the bank, as the opening bid will be what is owed on these homes...  Usually, that is m... 09/16/2011

Eagle Ridge Golf Course Community Market Update. It isn't the end of the month yet, but the market is almost as hot as the weather here in Gilroy. The end of the higher temporary conforming loan limits is in sight and as more and more lenders have stopped accepting loan applications for these higher limit conforming loans buyers are jumping back into the market for now. Home buyers have been very cautious due the continuing weak economy, uncertainties on the financial markets, and difficulties  obtaining loans due to more stringent requirements. Low interest rates have not sparked a buying frenzy.  National reports indicate that the real estate market has weakened more and that is true for our local market too. However, there is some good news, at least for now, about the real estate ma... 08/25/2011

Turkeys are running wild and taking over our community! Well, not really, but they are out and about. Yesterday we were enjoying the beautiful California weather in our backyard on our last day of summer listening to the turkeys who had a lively conversation.  It was a group discussion although most of the conversation was between two birds.  This was going on for about 20 minutes.   This morning while I was working in my office on my next blog, I spotted one single turkey running down the hill on my street, ran a stop sign, made a sharp right and took of towards the open space.  I usually only spot runners, joggers, and walkers coming down the hill so this was quite a sight. Of course he was too fast for my camera. I wonder if any of these Turkeys were wedding crashers on Saturday duri... 08/15/2011

Gilroy,CA - Foreclosure Filings Gilroy,CA - Foreclosure Outcomes Gilroy,CA - Foreclosure Inventories Gilroy,CA - Foreclosure Bids Gilroy,CA - By Est. Market Value Gilroy,CA - Filings By Loan Origination Date 08/11/2011

This is a real estate update for Eagle Ridge Golf Community as of August 8, 2011 Inventory of active homes is up, the number of short sale homes in Eagle Ridge and bank-owned properties is down but so is the average price of homes listed for sale. Currently there are 16 homes for sale in Eagle Ridge of which 5 are distressed. The distressed market has driven the home values down which makes it more difficult for home owners who are not distressed to sell their properties at list price since they are competing with the distressed sales even with fewer short sale properties for sale.  Home values in Eagle Ridge are back to the levels of November 2010. The non-distressed properties for sale are generally in better condition, escrow time is shorter and buyers tend to get more concessions fr... 08/09/2011

This Gilroy Market Report is for homes for sale in Gilroy, homes under contract in Gilroy and homes sold in Gilroy during the month of July, 2011.   Currently here are fewer homes for sale in Gilroy than last month.  Inventory is lower; more homes closed escrow than were added.   When homes are priced correctly they will sell within 2% of list price.  As can be seen from this chart homes sold in Gilroy during the first 6 months of this year were within 2% of list price.   Number of new listings X $1,000   Are you looking to buy or sell a home in Gilroy?  Contact your Gilroy REALTOR® 08/02/2011

Gilroy is considered the Garlic Capital of the World but is no longer the largest producer of Garlic.  Other nations such as China now produce more garlic. As I learned recently at the Cook-Off Stage at the Gilroy Garlic Festival garlic originated from Egypt but is grown just about everywhere in the world except in subtropical climates.  A little bit of history: The first Garlic Festival was held on August 3rd and 4th, 1979, which was attended by an estimated 15,000 people. Last year an estimated 98,000 people visited the festival down from 108,000 in 2009. This years totals aren't available yet but it is estimated to be close to 100,000 visitors bringing the total close to 3.7 million visitors during the past 33 years.   Proceeds that first year were approximately $18,000; now close to... 08/01/2011

Gilroy Garlic Festival the Best and the Worst The Gilroy Garlic Festival was another big hit although I don't expect we break a new record for number of visitors.  The weather was very good; most years it is so hot that water and beer sales go through the roof but this year the weather was perfect. Traffic was a big issue for many visitors to the Garlic Festival. On Saturday traffic was backed up at one point to the 85 interchange and on Sunday around 2:00 pm southbound traffic on the 101 was still backed up to the Coyote Golf Course in San Jose. That must absolutely be the worst for many visitors. We visit the Festival almost every year either as volunteers or as paying visitors.  We are lucky we can walk to this international food festival.  While we were waiting at the bus stop for t... 08/01/2011

The Gilroy Garlic Festival was a popular attraction yesterday by the looks of the traffic congestion on Highway 101 which was backed up to the 85 intersection around 11:45 am. The directions to the Garlic Festival Parking directs everyone off the 101 onto the Masten Avenue exit through the northern part of Gilroy. Don't be stuck in traffic and take alternate routes into Gilroy. Alternate Routes: Alternate 1 and best option: The Scenic Route to the Gilroy Garlic Festival without traffic lights and congestion   Alternate 2:       I am off to the Gilroy Garlic Festival.   If you enjoyed your visit to Gilroy and are looking for a home contact your Gilroy REALTOR®   07/31/2011

Great homeownership opportunities in Eagle Ridge Golf Community in Gilroy CA. Gilroy, Garlic Capital of the World is a great city surrounded by golden and oak studded hills, agricultural fields, vineyards and beautiful nature.    Eagle Ridge Golf Course Community is located in the western foothills and offer a variety of homeownership possibilities. A small number of homes are for sale in this much desired community and home buyers can take advantage of some really attractive low home prices. Contact your Eagle Ridge REALTOR® for an appointment to view these desirable executive homes priced from $565,000. Turnkey homes ready to home in to. The Eagle Ridge Golf Course Community offers two playgrounds for the little ones, basketball and tennis courts, junior heated olympic pool and clubho... 07/20/2011

Local Wineries are hosting Free Concerts Local wineries here in the Silicon Valley are hosting concerts for their members and these events are open to the public. Jason-Stephens Winery celebrated their birthday last week which we attended on Friday evening at. The band was good, people were dancing and enjoying wine and food.  Friday nights are concert nights at this winery.  My favorite wine at this winery is the 2007 Meritage. On Saturday evening they hosted a country music evening which we attended too.   Since the they were all out of my favorite wine we ordered the Syrah which wasn't my favorite. Both evenings were well attended.  Food was available such as barbeque, fresh sushi, and a limited menu from a catering van. Guests were welcome to bring their own food too but wine was to... 07/20/2011

If you are looking for or interested in Foreclosures in Gilroy, CA My company, SIGNATURE HOMES & ESTATES, joined up with a fantastic Limited Liabilty Company and have successfully sold two homes recently in Gilroy, CA.  In return, we got top dollar (they both actually sold for more than asking price, although one we had to make a seller's concession on the price  due to appraisal). In both cases, both homes sold in less than a week.  The investors come in all cash, and we take it from there.  Our great team, which includes a handyman who does excellent work, and house painter makes for adding the maximum amount of value.  We have "improved two neighborhoods in the process, and seem to be improving Gilroy--one house at a time. Here is how we work, and what it takes.  In the following pic... 07/15/2011

I live in a gated golf course community of luxury homes, with a mix of smaller homes that sell just above the overall town average.  About two months ago, a real estate Broker lost his house to foreclosure, after taking out just over $400,000 in equity over the years, which I presume went to pay for vacations, his kid's college education, etc.--you know, the usual things...He did not try to FSBO it, nor short sell it.  Nothing!  He just let it go to auction.BUT, before he did, he stripped it clean and did damage to various components.It was owner-occupied, so he cannot blame tenants.  In his defense, maybe, just maybe some criminal was checking out the real estate auctions and broke in and did the damage, but for some reason I highly doubt it.  Ever notice that nobody ever robs a colleg... 07/15/2011

I just posted another blog post  about a real estate broker who lost his house in auction and trashed it before it being sold at auction to a third party.  http://activerain.com/blogsview/2402777/when-a-real-estate-broker-trashes-a-property Here is one house that was worth over $1,000,000 at one time, which was owned by a real estate agent, which was trashed and is now listed as a short sale.  At one point, it was listed by a relative!  Maybe they can tell us where the fixtures went, or to whom they were sold, or are they sitting in the new house that these people just bought in what appears to be a "buy and bail" scheme...(And you thought nobody was looking!!!)Thanks for helping to destroy values, as the house is listed at a bargain price.  We homeowners, who are trying to do the right... 07/15/2011

New construction homes are now for sale at Creekside in Eagle Ridge Golf Community.  Shapell Industries will have a new release this week at their Creekside neighborhood in Eagle Ridge, Gilroy.  Buyers can still select options at this stage. Homes vary in size from 2,574 square feet to 3,556 square feet for The Scarlet Model, Plan Four. Priced from $661,844 to $723,764. Contact your Eagle Ridge REALTOR® to schedule a pre-view of these homes or for more information. These newhomes are located directly across the Eagle Ridge community park, pool, tennis courts, basket ball courts, playground and Eagle Ridge clubhouse which offers classes and is available for rent by home owners.   Plan One "The Arroyo" Plan Two "The Mariposa" Plan Four "The Scarlet" Eagle Ridge Clubhouse and Community Park   07/05/2011

Here is the latest Market Report for Eagle Ridge Golf Community in the western foothills of Gilroy, California brought to you by your Gilroy REALTOR®.  This report is dated July 5th with an update for "homes sold" as of June 1, 2011. The real estate market in Eagle Ridge looks healthy with a significant reduction of distressed homes offered for sale.  As-a-matter-of-fact only one of twelve homes offered for sale is a short sale which resulted in an increase in average home value for the month of June, 2011.  This is good news for sellers.  Buyers waiting for the "bottom of the market" may want to get ready to purchase now rather then later. Interest rates are low as are home values. Here are the facts for the May and June market update: 07/05/2011

This market report for homes in Gilroy is brought to you by your Gilroy REALTOR®. The real estate market in Gilroy has slowed down a bit over the last few weeks. Inventory is down, more homes closed. Prices dipped when both median and average sales price for homes decreased compared to last month's values.The number of active properties decrease slightly, 143 properties are currently listed compared to last month when 154 properties were offered for sale, however, the number of distressed properties offered for sale is down again from last month. Minimum and Maximum sales price remains the same as last month. The average number of days on market for properties offered for sale in Gilroy increased from 117 to 138 days.  The number of properties sold this month increased slightly and inc... 06/21/2011

This Eagle Ridge Market Report is brought to you by your Gilroy REALTOR® and Eagle Ridge Specialist. The real estate market has slowed down a bit over the last few weeks. The number of active properties increase slightly, however, the number of distressed properties offered for sale is down again from last month.  Minimum sale price is a bit lower and maximum sales price remains at $799,000.  Average days on market for properties offered for sale has decreased from 74 to 40 days.  More distressed properties closed this month lowering the average sale price compared to last month.  As noted the average days on market for homes sold in Eagle Ridge this month is high at 179 due to a few distressed properties that took many months to close.   If you would like to receive a free comparative ... 06/16/2011

Gilroy Gardens, formally knows as Bonfante Gardens, in Gilroy is open on Saturdays and Sundays from 10:00 am to 6:00 pm. The park will be open daily from 11:00 am to 5:00 pm starting June 11, 2011. Gilroy Gardensis a horticultural park located on Heckers Pass in Gilroy and home to the Circus Trees.  Buy your season passes now and save $10.  Gilroy Today, a quarterly publication for and about the community of Gilroy, has a $15 off general admission coupon on page 47 of the Spring 2011 issue available. This magazine has a wealth of information on Gilroy's history, businesses and current and upcoming events. Pick up a copy today at First Street Coffee House or other business location in Gilroy. 05/18/2011

  This Real Estate Market report is dated May 12, 2011 and brought to you by your Gilroy REALTOR® helping buyers and sellers with real estate needs. The average list price and median price for active properties has increased over last month.  List price ranges from $120,000 to $6,995,000 with a median list price of $466,250. Average List Price is high this month $721,129 because a large number of homes for sale (23) are listed over 1 million dollars. Average price is the total sum of all properties in a certain category divided by the number of properties.  Median price is the price in the middle of all properties in a certain category meaning that there are as many properties more expensive as there are less expensive.  Even though I encountered a number of homes for sale which receive... 05/13/2011