Gilroy is the “Garlic Capital of the World,” and home of the world famous Gilroy Garlic Festival. The city of Gilroy is located at Highway 101 and Highway 152 in Santa Clara County, and offers much more than the pungent smell of savory garlic spice, such as affordable housing prices and a strong sense of community.
The cost of homeownership in Gilroy is much more affordable than San Jose as many of the homes and property listings are newer than what you would pay 20-30% more for in the city. Gilroy’s housing options include a variety of listings that include single-family homes, some townhouses and condominiums, as well as custom lots for building executive or ranch style homes.
Gilroy is a city that has it all. It is surrounded by some of the most beautiful open spaces that California has to offer. The community takes pride in continually winning the Tree City USA Award and has garnered a host of awards from the California Park and Recreation Society. Home to approximately 48,000 residents, Gilroy is the “Gateway of the Central Coast” due to its central location just minutes south of Silicon Valley and its proximity to Monterey Bay, Santa Cruz and the San Francisco Bay area.
Gilroy is a close-knit family community that holds numerous events in addition to the famous Garlic Festival. Residents come together for annual events such as the Renaissance Pleasure Faire & Artisans Market, an event that provides family entertainment, an abundance of food and vendors, and endless fun. A host of recreational activities, plenty of shopping and cultural opportunities, annual events and beautiful friendly neighborhoods are just some of the many amenities of this city.
Gilroy, CA Real Estate Market – Price Range of Gilroy Houses for Sale
The neighborhoods in Gilroy offer residents a variety of property options, including single-family homes, estate properties, some townhouses and condominiums, and custom lots for building executive style properties or ranch style homes. Gilroy’s condo and townhome market include the areas of Westwood Condos, Sunset Vista and Princevalle. Prices range between $120,000 and $300,000. Prices for homes in Gilroy range between $160,000 and $6.5 million. Homes in the Eagle Ridge master-planned community with front golf course views start in the high $600,000s.
Gilroy Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $764,117 compared to $751,334 the previous week, showing a increase of more than +2%. For Wednesday, August 24th, the current national mortgage rate for a 30 year fixed mortgage is 3.40%; the 15 year fixed rate is at 2.67%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 3.80%, while the 15 year jumbo rate currently is at 3.40%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Gilroy CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Gilroy to help you find the best home!