Gilroy CA Community & Real Estate Guide
Thinking about purchasing or selling a home in the Gilroy, California area.
The following information about the Gilroy California area and Real Estate market is by top Realtor, Seth Muenzer and the Pierce Real Estate Office.
If you have any questions on anything to do with Gilroy and / or Specifically Real Estate, please get in touch as we have been selling real estate in the area for many years. Our office has a track record of being top producing real estate agents, year after year.
According to the United States Census Bureau, Gilroy has a total area of 16.1 square miles. The city offers a magnitude of entertainment, shopping, dining, businesses and commercial hubs located just south of the “Silicon Valley”
What’s The Real Estate Market Like?
The Gilroy real estate market is a well established market. There is new construction going as well as resale homes. Gilroy is certainly one of the top real estate communities in the South Bay area. There are many different neighborhoods to choose from, even though the City isn’t that large in respects to square mileage. While there are a handful of homes worth $1,000,000+, the majority of homes in the City range between $375,000-$850,000.
Located right off of HWY101, and between the old Monterey Highway. In the old parts of Town you can find many homes that were built prior to 1940 but the majority of homes were built between the 50’s and the 1980’s. The median price for homes are around $900,000.
The area of Gilroy located to the west of the old “101” highway, also known as Monterey, and South of 10th St. In this part of Town you can find many homes that were built prior to 1940 but the majority of homes were built between the 50’s and the 1970’s. The median price for homes in this part of town is around $720,000.
Another part of Gilroy is the gated community of Eagle Ridge, located off of Santa Teresa Blvd. The homes in Eagle Ridge are surrounded by the foot hills and the Eagle Ridge golf course. The majority of homes were built after 2000. The median housing price is also a bit higher in this part, coming in at around $1,150,000.
The City of Gilroy real estate market is one that is in high demand, year after year. There are generally low inventories in and around the surrounding areas which means that houses normally do not stay available when they are listed. The current market absorption rate normally ranges between 1.5-3.5 months of inventory, which is considerably less than the average market absorption rate in Bay Area.
Housing & Population Statistics
As of 2017, Gilroy’s population was 57,664 people. Since 2010, Gilroy has had an increase in population of 18.1 percent. There are 3,581 people per square mile (population density).
The median age for Gilroy is 33.7. 51.5% of people are married and 8.6% are divorced. The average household size is 3.38 people.
The City gets around 20.51 inches of rain. The average Annual high temperature is 74.8 and annual low temperature of 46.7. The hottest months tend to be in June with an average high 84 and the coldest month is January with average low of 38.
Gilroy’s unemployment rate is 5.6% The mean of travel time to work (commute) 33.3 minutes .Median real estate property taxes paid for housing units with mortgages in 2016: $5,786 (0.9%) Median real estate property taxes paid for housing units with no mortgage in 2016: $3,184 (0.6%) The sales tax rate is 9.0%. Median house hold income is $86,740, which includes all adults and children.
Population By Occupation
Gilroy, CA Public Schools
The town of Gilroy, Ca schools spend $10,900 per student. There are 13.6 students per teacher. The school district has a very strong reputation in the Gilroy area, in fact, the school district has won numerous awards and received many accolades for being ranked in the top public schools in the California. The schools in Gilroy, CA include:
Hospitals/Medical Centers Nearby
Transportation and Commuting Statistics
The city is located roughly 30 minutes from the heart of Downtown San Jose, CA. The CalTrain location in the downtown area. Just off of hwy 101. The Town is primarily served by HWY 101 & Monterey hwy. d
The average one-way commute takes 19.46 minutes. 87.95% of commuters drive their own car alone, 5.95% carpool with others, and 0.12% take mass transit.
There are several great restaurants all around Town. Here are several top restaurants to try.
Gilroy California Realtor – Why Choose A Top Producer?
If you’re thinking about selling your home, investment property, condominium, townhouse, or any other Real Estate, allow us to help make the sale a pleasant experience.
When interviewing Realtors there should be a number of important things you look for in the interview, including the agents past track record of success, statistical data such as list price to sale price ratios, and average days on market. In addition, you should find out what communication and marketing skills they have.
Our number one goal is to put a SOLD sign in your lawn, however, we also want to make sure you feel that the home selling process was seamless and pain free.
We welcome the opportunity to discuss why we are well respected Realtors servicing Real Estate owners and how our clients homes are showcased to everyone online.
We are providing the level of online exposure through social media integration or SEO (search engine optimized) that provides results. Your property will be found in all of the places that today’s buyer would be searching for Homes for Sale, including this website in addition to many other highly indexed websites.
In addition to the incredible online exposure your home will receive, other things that make us stand out is the use of high quality photographs, detailed property descriptions, virtual tours, as well as exposure on 100’s of other websites.
Whether you’re in the market to buy a home or sell your home, let us be your guide to the real estate market as a Top Producing real estate agents.