What is the current Sunnyvale Ca Real Estate market? Let us compare from July 2009 to July 2010 we can see some interesting changes:
1). Home inventory has gone up from last year’s 171 to 178 this year. But the numbers of sold homes has dropped this year to 66 from last year’s 69.
2.) The average Sunnyvale homes sales price is higher this year. This July’s sales price is $806,859 Vs last July`s $784,661. The median sales of July 2010 is $797,000 which has gone up from last July`s $790,000.
3.) Last July took average 41 days to sell a home but it took 54 days this year.
This real estate trend is the same as last month.
In July of 2010 there were 4% more homes for sale, but 4% less Sunnyvale homes were sold. The average Sunnyvale sales price increased 2.7% and the Sunnyvale median price homes have increased 1% from last July to this July.
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. GraceKeng1@gmail.com
What is the current Sunnyvale Ca Real Estate market? Let us compare from June 2009 to June 2010 we can see some interesting changes:
1). Home inventory has dropped from last year’s 193 to 166 this year. But the numbers of sold homes has gone up this year to 60 from last year’s 59.
2.) The average Sunnyvale homes sales price is higher this year.This June’s sales price is $802,620 Vs last June`s $760,000. The median sales of June 2010 is $843,000 which has gone up from last June`s $755,000.
3.) Last June took average 79 days to sell a home but it took 38 days this year.
This real estate trend is the same as last month. In June of 2010 there were 13% less homes for sale, but 1.7% more Sunnyvale homes were sold. The average Sunnyvale sales price increased 5.6% and the Sunnyvale median price homes have increased 12% 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. GraceKeng1@gmail.com
What is the current Sunnyvale Ca Real Estate market? Let us compare from May 2009 to May 2010 we can see some interesting changes:
1). Home inventory has dropped from last year’s 188 to 165 this year. But the numbers of sold homes has gone up this year to 70 from last year’s 36.
2.) The average Sunnyvale homes sales price is higher this year.This May’s sales price is $820,085 vs last May`s $681,266. The median sales of May 2010 is $863,500 which has gone up from last May`s $745,550.
3.) Last May took average 51 days to sell a home but it took 48 days this year.
This real estate trend is the same as last month. In May of 2010 there were 12% less homes for sale, but 94% more Sunnyvale homes were sold. The average Sunnyvale sales price increased 20% and the Sunnyvale median price homes have increased 16% from last May to this May.
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. GraceKeng1@gmail.com
What is the current Sunnyvale Ca Real Estate market? Let us compare from April 2009 to April 2010 we can see some interesting changes:
1). Home inventory has dropped from last year’s 186 to 174 this year.The numbers of sold homes has gone up this year to 42 from last year’s 38.
2.) The average Sunnyvale homes sales price is higher this year.This April’s salesprice is $837,369 vs last April`s $639,043. The median sales of
April 2010 is $866,545 which has gone up from last April`s $600,000.
3.) Last April tookaverage 76 days to sell a home butit took 40 days this year.
This real estate trend is the same as last month. In April of 2010there were 6% less homes for saleand 10% more Sunnyvale homeswere sold. The average Sunnyvale sales price increased31% and theSunnyvale median price homes has increased 44% from last April to this April.
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. GraceKeng1@gmail.com
The median price for Sunnyvale Single Family homes rose about 23% this year from November 2008 vs. November 2009.
1.) The homes inventory reported to 43 homes sold with current inventory of 116.
2.) The average price of Sunnyvale homes gone up to $742,146 from last years’ $687,977. The offers came in average of 97.17 % to listing prices.
3.) It takes average 46 days to sell a Sunnyvale home, but last November was 35 days. There are less inventory then last year.
From Datanews of La Jolla, CA.-”The median price paid for a Bay Area home rose above the year-ago level for the second consecutive month, a reflection of widening price stability, fewer foreclosures selling and more activity in pricier areas.”
The left graph shows the median price of Santa Clara county value from July 2008 to July 2009.
Jul-08
$705,000
Jul-09
$605,000
Change
$100,000
Changed
-14%
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.
What is the current Sunnyvale Ca Real Estate market? If we compare from June 2008 to June 2009, you will find some interesting changes:
1). Home inventory reduced from from last year’s 203 to this year 193. The numbers of sold homes has dropped from last year 63 to 59 this year.
2.) The average hoThis June sales price is $762,735 vs last June’s ’ $918,552. The median sales of June sales price is lower from last year’s $898,000 to this year’s $755,000 .
3.) Last June took average 35 days to sell a home however this year will need 79 days to sell a home.
This real estate trend is the same as last month. In June of 2009 there are 4.92% less homes inventory and this year there is 6.6 % less the Sunnyvale homes get sold. The average Sunnyvale sales price dropped 16.96% and the Sunnyvale median price homes dropped 13.96% 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 a property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me. I offer a free 45 min. consultation. You may email me GraceKeng1@gmail.com for an appoinment.
This Sunnyvale bank owned home 418 S. Mary Ave was sold quickly with over 20 offers. The asking price is $420,750 and the sold price probably will be over $550,000.
How to buy a good deal of bank owned own homes, you need to follow the following rules:
1). Price and initial deposit. The price is major issue. If you only qualify to buy $430K and try to put an offer to buy a home for the asking price then you will be disappointed. The asking price is like a teaser price which is not the reflect the real price.You need to ask the your agent to run an Comparable Market Analysis which will show the current value that include of homes on the market, pending sales and sold homes in the neighborhood.
The May home’s comps shows over $600K with good condition. This home’s condition is marginal with non-permitted remodeling work. You need to put a correct purchase price with 3% initial deposit.
2). Contingency period: This the period of time for buyer to inspect the home and find a real estate loan . Don’t take longer then 15 days to do those activities.
3). Close the home to be within 30 days after acceptance. The bank usually likes the home to be close within 30 days All cash offer will be the best to them.
Grace Keng of RE/MAX Real Estate Services DRE#00919545 the members of the National Association of Realtors, (NAR),the California Association of Realtors, (CAR), and the Silicon ValleyAssociation of Realtors, (SILVAR), MLS listings Services, (REIL).
What is the current Sunnyvale Ca Real Estate market? If we compare from May 2008 to May 2009, you will find some interesting changes:
1). Home inventory reduced from from last year’s 200 to this year 188. The numbers of sold homes has dropped from last year 68 to 36 this year.
2.) The average homes sales price is lower. This May sales price is $681,266 vs last May’s ’ $926,252. The median sales of May 2009 is $745,550 which is dropped from last May’s $930,000.
3.) Last May took average 36 days to sell a home however this year will need 51 days to sell a home.
This real estate trend is the same as last month. In the may of 2009 there are 1% less home inventory and 50% less the Sunnyvale homes get sold. The average Sunnyvale sales price dropped 26% and the Sunnyvale median price homes dropped 19.8 from last May to this May. The above data information came from the www.reil.com.
Any home buyers and sellers need a good realtor to help them. 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 because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com
An overview of Sunnyvale’s Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:
1.) The homes inventory rose to 186 this year from last year’s 203.The sold homes are lower from 42 last April to 38 this year.
2.) The average price of Sunnyvale homes this year has lowered to $639,043 from last years’ $902,244. The median price on Sunnyvale homes has dropped from $875,000to $639,043.
3.) It takes average 50 days to sell a Sunnyvale home, but last April was 23 days.
With all the numbers that show this month we have less Sunnyvale homes for sale and less of them actually sold. The average and median price for Sunnyvale homes both dropped about 40% from last April to this April. The price dropped due to a lot of lower end homes as short sales and REO (bank owned) homes sold. The above information came from the multiple listing services www.reil.com If you are planning to buy or sell homes, I offer free consultation so you will have a clear picture of the current real estate market.
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This Sunnyvale bank owned home 
