Yesterday afternoon Chris Moylan of Sunnyvale Vice Mayor stopped by our Sunnyvale home. I was surprised his visit. He introduced himself and seeking to be re-elected.
It is the 1st time that any elected city member ever stopped by since I lived in Sunnyvale from 1983.

I asked him what happened to downtown redevelopment?

He said: “there is a deadline for the development to finish the downtown project. If they cannot get it done in time, they may lose it all.

Then I asked him:”  Is it possible that city has been developed too fast?”

and he said: “The city Sunnyvale  has a 20 year development in place.” . He has looked into possible to to slow down the development.

The last question I asked him also about our water bill hike.

He said our water supply has increased the cost so city cannot do anything about it.

Overall, it is interesting to meet him. I will support his re-election. I Wish him good luck to be re-elected!

The left graph shows the median price of Santa Clara county value from July 2008 to July 2009.

Sunnyvale property values increased much better than most other cities in the Santa Clara County, according to the annual tax roll released by the office of Santa Clara County assessor, Larry Stone on July 1, 2009.  Sunnyvale saw a 4.75 % gain in assessed property values. Only Mountain View saw a higher gain as 6.22% than Sunnyvale.

Each year the county appraisers reassess the value of residential and commercial property. According the deputy to the assessor, David Ginsborg  the Sunnyvale property values grew significantly in the form of redevelopment, and the Sunnyvale town Center project,

Ginsborg said:” Assessment values are typically affected by changes in ownership, new construction and property tax reductions when market values fall below assessed values.”

This year a significant number of changes in ownership are home in foreclosures and distressed sales. Sunnyvale remained steady because it has older and more established communities. On the other hands, the communities with newly constructed, entry-level homes such as Gilroy, were hit hardest. Ginsborg said, Gilroy had a 9.48% drop which is the most in the county.If you want to read more, you can find it at Sunnyvale sun.

The assessed values has steadily declining for last three years. In 2008, the number of foreclosures in Santa Clara county has gone up fourfold to 6200. Although property assessment is dropping in Santa Clara County, the minor growth in cities like Sunnyvale is significant relative to the rest of California.

Mountain View Real Estate Market
 
What is the current Mountain View Ca Real Estate market? If we compare from June 2008 to June 2009, you will find some interesting changes:

1). Home inventory rose up from from last year’s 63 to this year 73.  The numbers of sold homes increased from 22 last year to 25 this year.

2.) The average Mountain View homes sales price is lower. This June sales price is $924,721 vs last June’s $1,080,348. The median sales of June 2009 is $842,000 which is dropped from last June’s $951,000.

3.) Last June took average 22 days to sell a home however this year will need 25 days to sell a home.

This real estate trend is the same as last month. In June of 2009 there are 15.87% more home inventory and 12% more  inventory in  the Mountain View market.  The average Mountain View sales price dropped 14.40% and the Mountain View median price homes dropped 11.46% from last June to this June.  The above data information came from the www.reil.com.

If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me for offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

How is the current Los Altos Ca Real Estate market? If we compare from June 2008 to June 2009, you will find some interesting changes:

1). Home inventory rose up from from last year’s 64 to this year 109.  The numbers of sold homes rose from last year 33 to 40 this year.

2.) The average Los Altos home sold price is lower.  This June sales price is $1,637.200 vs last June’s ’ $1,921,306 The median sales of June 2009 is $1,483,000 which is a drop from last June’s $1,640,000.

3.) Last June took average 20 days to sell a home however this year will need 50 days to sell a home.

This real estate trend is the same as last month. In the June of 2009 there are 70% more homes in inventory and 20 more the Los Altos homes get sold.  The average Los Altos sales price dropped 14.79% and the Los Altos median price homes dropped 9.57% from last June to this June.  The above data information came from the www.reil.com.

If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me for a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com