The community of San Martin (pronounced Mar-teen) is located in Santa Clara County about 30 miles south of San Jose, California. Home to approximately 7,027 residents according to the 2010 U.S. Census, the community was named after St. Martin of Tours, the patron saint of horses and soldiers. San Martin, like its neighbors Gilroy and Morgan Hill, produces a large amount of table mushrooms and garlic, thus producing a thriving agricultural industry for the area. In addition to the local economy and proximity to the San Jose metro area, what truly draws future homebuyers to this area is the real estate market. Average sales prices for homes in San Martin run in the low $520,000s for a single-family home, but if youíre looking to invest in San Martinís real estate market, youíll easily find properties for as little as $200,000. $400,000.
San Martin is a terrific place for retirees, families, college students and commuting professionals. Several colleges and universities are located within proximity to San Martin, such as Gavilan College, San Jose College, and San Jose City College. Getting in and around San Martin is easy by way of U.S. Route 101 which can take residents directly into the heart of San Jose, Palo Alto, San Mateo, San Francisco, and beyond. If you enjoy lying out along the shore or surfing in the waves of the Pacific Ocean, the coastline is just a 15 mile drive from the community. Additionally, several national parks, county parks and nature preserves can all be found just minutes away from San Martin.
San Martin Real Estate Market Info - Prices of Houses for Sale in San Martin
San Martin is known for its charming homes and spacious properties. If youíre in the market for a 3 bedroom starter home in San Martin, expect prices to start in the low $200,000s. Two-story 4-bedroom homes in San Martin can be found starting in the mid-$400,000s. A single-family home with the latest upgrades on a large lot and located in one of San Martinís cul-de-sac neighborhoods can go for as much $800,000. Hilltop estates, ranch properties, and homes in gated communities can run into the million dollar range. If youíre thinking about custom building or developing your home, land parcels in San Martin start as low as $425,000.
San Martin Real Estate Stats and Trends for the week of February 2nd, 2015: homes priced around $890,250 compared to $1,297,950 the previous week, showing a decrease of less than -46%. For Friday, February 27th, the current national mortgage rate for a 30 year fixed mortgage is 3.94%; the 15 year fixed rate is at 3.02%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.29%, while the 15 year jumbo rate currently is at 4.04%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in San Martin 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 San Martin to help you find the best home!