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Here's a quick update on the Gilroy, California housing market. Homes are selling at a steady pace, with a good number available and being purchased. Prices remain consistent, showing stable demand and supply.

It’s no secret that California’s soaring median home price—hovering around $800,000—can make single-family ownership feel out of reach, especially for younger families and hardworking folks right here in Gilroy. That’s why many turn to condos as a more realistic way to put down roots and build equity. But there’s a major hurdle most people don’t see: developers face big legal risks when building condos. Instead of being able to fix issues as they come up, many end up in court battles before they even get the chance, pushing builders to focus on apartments instead of for-sale condos.

A new bill aims to change that with a right-to-repair process. This would allow builders to address defects before legal claims kick in, while still protecting homeowners’ rights. Supporters believe this could open up more opportunities for starter ownership and dovetail with efforts to make home buying more accessible—something I care deeply about for our Gilroy community. Creating more paths to homeownership matters, and I’m always watching these updates to help my clients navigate the changing landscape with confidence.

I'm always keeping an eye on the broader Bay Area market, since trends there can shape what we see right here in Gilroy. Lately, the outlook for multifamily properties across the Bay has been steadily improving. Even with some tech layoffs, the AI and machine learning sectors are still hiring and leasing up big spaces—which helps keep our local fundamentals solid. Over the next year, job growth is expected to rise, giving a boost to the demand for apartments and supporting the region’s steady momentum.

Despite these positive signs, high construction costs continue to limit new development, so there’s still a real need for more apartment options. State housing mandates and more flexible regulations could make it easier to bring new multifamily projects to life, paving the way for more choices and opportunities. And with two leading AI/ML firms possibly heading for IPOs in the second half of the year, we could see even more hiring and leasing activity—a win for local renters and investors alike. As someone passionate about helping my clients find their place in our community, I’m always tuned in to how these regional shifts might open new doors right here at home.

Labor Day in the United States celebrates the contributions of workers everywhere, while also unofficially marking the final big summer weekend before fall takes over.
It’s known for backyard barbecues, road trips, and that classic tradition of buying things you didn’t know you needed because “it’s on sale.”
Beaches, parks, and grills reach peak activity as everyone tries to squeeze every last drop of summer fun out of the long weekend.
Happy Labor Day! Wishing you a fun, easygoing weekend filled with good vibes, great food, and absolutely no thoughts about Monday.

AI wealth is creating intense demand for luxury homes, particularly around San Francisco and affluent Peninsula communities.
All-cash purchases are becoming unusually common as wealthy tech buyers compete for limited inventory.
San Francisco’s supply is tightening, while nearby markets such as San Jose and Santa Clara are showing more mixed conditions.
Buyers looking beyond the luxury segment may find better opportunities in neighborhoods where inventory and seller expectations have softened.

California voters in Mid-Q4 will consider two housing measures: one focused on middle-class buyer help, another on lower-income housing and veteran loans.
The middle-class measure would use up to $25B in revenue bonds, covering down payments up to 17% for newly built homes statewide.
A separate $11.25B bond package would direct $10B to lower-income housing and $1.25B in revenue bonds to veteran home loan programs across California.
Unlike a grant, that middle-class assistance would likely be repaid monthly; supporters say it could encourage more for-sale construction, while critics warn taxpayers face risk.
The measures would arrive alongside a state-run shared-appreciation program that recently offered up to 20% down payment help, capped at $150K, for first-generation buyers.