What is the current Cupertino Ca Real Estate market? If we compare from May 2008  to May 2009 which has shown some interesting changes:

1). Home inventory rose up from this year from last year’s  81 to this year 127.  The numbers of sold homes has dropped from last year 46 to 31 this year.

2.) The average Cupertino homes sales price is lower.  This May sales  price is $1,112,518 vs last May’s ’ $1,299,204. The median sales of May 2009 is $1.062,000 which is dropped from last May’s $1,250,000.

3.) Last May took average 27 days to sell a home however this year will need 61 days to sell a home.

This real estate trend is the same as last month. In the may of 2009 there are 70% more home inventory  and 30% less the Cupertino homes get sold.  The average Cupertino sales price dropped 13% and the Cupertino  median price homes dropped 16% from last May to this May.  The above data information came from the www.reil.com.

Any home buyers and sellers really a good realtor to help the home buyers to buy and sellers to sell. If you or someone you know is thinking of buying or selling property in Santa Clara County ( Sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

             Look at the left graph you can see  the

 1.) The

                 With all the numbers we can tell there are more

If you are planning to buy or sell homes in Silicon Valley, I offer a free 45 min. consultation to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com
If you or someone you know is thinking of buying or selling property in Santa Clara County ( sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California please contact Grace Keng, REALTOR®.

Have you heard of the REO homes? It is also known as Bank Owned property; and they are the investor’s golden dream. These Bank Owned properties (REO) offer many financial advantages while lowering the risk associated with the purchase of a foreclosed property. The REO property offers quick equity due the purchase price is low. You may check a home in SC the investor walked away $108,000 gross in three months of owning this REO home. Those properties will always be vacant. They are ready for rehab, rent and home ownership. There are one in Cupertino, CA. The address is at 10524 S TANTAU AV, Cupertino 95014 (Cupertino)
$579,000 Beds: 2 bedrooms Baths: 1 bath. It was listed by Lydia Kou Alain Pinel Realtors. If you like to buy the bank owned home in Silicon Valley, Please contact me.

Look at the left graph you can see March 2009 is the right most bar and the 1st from the left bar was the Cupertino homes for sale in March 2008. An overview of Cupertino’s Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes:

1.) The Cupertino homes inventory rose to 127 this year from last year’s 65.The sold homes are lower from 23 last March to 9 this year.

2.) The average price of Cupertino homes this year has lowered to $1,170,465 from last years’ $1,311,979. The median price on Cupertino homes has dropped from  $1,185,000$ to $1,050,000.

3.) It takes average 28 days to a Cupertino home, but last March was 24 days.

      With all the numbers that show we have more Cupertino homes for sale and less of them actually sold. The average and median price for Cupertino homes dropped about 9- 10% from last March to this March.

There is only one Cupertino bank owned single family home for sale on the market.

 (Bordueaux photo is from it’s web page)

Many buyers asked me how to find new homes? Yes! the Brand New homes.

You may check out the local Newspaper: San Jose Mercury News real estate section, NewHomeSource.com , or contact your local realtor who is specialize the area. I know at least 3 new homes projects:

1). Oak park in Cupertino: They are condos right on the De Anza Blvd. near 280 for around $600,000. There are 8 floor plans from 1 bedroom to 3 bedrooms.

2). Cherry Orchard in Sant Clara: It is off Homestead Rd near Lawrence Expressway. There are 14 single family homes. The price range is from $799,888 to $849,888.

3). Bordeaux in Sunnyvale: It is a large townhouse project by KB homes which is a 80 units 3 levels townhouses project. It is located  near  Evelyn Ave and Fairoak Ave. The price start from $561,000.

4). 1244 Poplar Av. Sunnyvale: There are 3 brand new homes. It will be finished around February 20 2009. It is near El Camino Real and Lawrence Expressway.

5). 831, 835, 855 Monroe St. Santa Clara: There are 3 brand new homes from the price of $699,950 to $739,500.

If you are looking to buy new Silicon Valley homes, you may contact me:

GraceKeng1@gmail.com.

Grace Keng, Silicon Valley real estate agent,  creator of www.GraceKeng.com , member of the Silicon Valley Association of Realtors (SILVAR) and memberships in the National Association of Realtors, (NAR),
the California Association of Realtors, (CAR) and PhD of Realtor - Certified Residential Specialist (CRS).

Sunnyvale Bank Owned home

1507 BEDFORD AV, Sunnyvale 
$949,900 Beds: 3 bedrooms Baths: 2 baths about 52 years old with large lot 8200 square feet and inside is 1508 square feet. The best part of this home is located within the

.

I will held an open house 2-5 PM January 24,2009.

Two Cupertino almost identical homes but sold for a lot difference in price.

Yes! There are two Cupertino Rancho homes both are located at the same street Wunderlich Dr.

A street with mixed sized of homes some are about 2000 sf for 1.2 millions and the other tiny homes are about $650,000 range.

The 10415 Wunderlich past owner applied the building permit and approved by city of Cupertino for an addition to become a 3 bedrooms and 2 baths. Will this city permit costs $55,000?? I don’t think so.

There is only one Cupertino bank own/REO homes on the market and two Cupertino REO have sold in pending. This home located 10440 JOHNSON AV, Cupertino 95014. It is only 7 years old, 3 bedrooms and 2 baths and two car garage. It is located at the most affordable area Cupertino Rancho Riconada. This area has the excellent Cupertino schools with Hyde Junior High and Cupertino High School. It has light color hardwood flooring through out with open floor plan. It has high ceilings. The kitchen has nice matching colored cabinets and granite counter tops and island. The master suite comes with his/her sinks, jetted tub, and shower. It does need a special attention. The garage door needs adjustment, missing wall lights. There are many other bank owned listings in the surrounding areas such as Sunnyvale, Santa Clara, San Jose and Campbell. The San Jose has the most bank own and short sales homes available. I have another article about the foreclosure homes you may want to read it.

This Cupertino bank own/REO homeis just on the market for $684,5000. This one is lowest priced 3 bedrooms 1 bath and 1 car garage and it is located at the most affordable area Rancho Ricinconada. This area has the excellent Cupertino schools.

 There are many other bank owned listings in the surrounding areas such as Sunnyvale, Santa Clara, San Jose and Campbell. The San Jose has the most bank own and short sales homes available.

There is another bank owned property in this area. It is a 3 years old Sunnyvale home with 1483 sf and 3 bedrooms and 3 baths for $599,900