Posted on 25 December 2009 by gracekeng
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.”
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Posted on 03 August 2009 by gracekeng
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.
Posted on 31 July 2009 by gracekeng
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.
Posted on 27 July 2009 by gracekeng
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Buying bank owned homes strategy
 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). |
Posted on 30 June 2009 by gracekeng
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
Sunnyvale CA real estate market Sunnyvale home trend
Posted on 01 June 2009 by gracekeng
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.
Posted on 16 May 2009 by gracekeng
I found this Sunnyvale Bank owned home in CA is interesting.
555 BALSAM AV, Sunnyvale CA94085.It is a 3 bedrooms and 2 baths home with pretty good size (1425 sf) was listed for the price $429,900 and it is listed today by Susanne D. Gomez of Coldwell Banker. Last time is was sold on October 16, 2006 it was sold for $696K. It short 3 years the home value has dropped $267K for about 35% of the original value. I found out the homes under $455K about 90% of them are either short sale or REO home (bank owned home).
A lot of Silicon Valley buyers are timing the market to buy into the real estate. I think the time is now. Last month I have one client bought a San Jose single family home for $250,000. He is very happy to buy a home at the low point of the market. I noticed the real estate market is very active for lower end as $500,000. Those homes sold quickly with mutiple offers. My another buyer puts an offer to a San Jose home asking for $355K. In a week the seller received 13 offers and the best offer has forwarded to the bank.
You can use the this link to research the homes price and market etc. http://activerain.com/blogsview/1061060/Real-Time-Market-Data-What-Do-You-Offer-Your-Readers
As I research the real estate market. I found other realtors report for other market.
Posted on 24 April 2009 by gracekeng
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329 N MURPHY AV, Sunnyvale 94085 $444,000 Beds: 3 bed(s) Baths: 2 bath(s) listed by Davis Lewis of Coldwell Banker. This one is a bank owned home just on the market April 23, 2009. It has 3 bedrooms 2 baths near central expressway. It is about 1540 sf and 5200 sf lot. Currently this home is the lowest priced bank owned home in
Sunnyvale, CA. This home was sold for $749K on August 25 2006. It went down for $300K. When you see the home has dropped about 45% in just 2 years 7 months. No wonder the lower end (under $450,000 )
Santa Clara county homes sold quickly and with multiple offers. Let me use another example  3581 FOREST AV, Santa Clara 95050 4 bedrooms 2 bath(s) for about 1350 sf and 8000+ corner lot.It is a true fixer up. It was on the market for $400,000 . It took only 7 days sold it with 14 offers then it closed in 13 days and sold for $415,000 with “AS IS” condition. It was listed by Realty World-engstrom & Assoc |
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Sunnyvale Bank owned home Sunnyvale REO homes
Posted on 18 April 2009 by gracekeng
Sunnyvale Calfornia Single Family Homes Market
An overview of Sunnyvale’s Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes:
1.) The homes inventory rose to 182 this year from last year’s 168.The sold homes are lower from 47 last March to 31 this year.
2.) The average price of Sunnyvale homes this year has lowered to $610,762 from last years’ $953,963. The median price on Sunnyvale homes has dropped from 940,500$ to $520,000.
3.) It takes average 61 days to sell a Sunnyvale home, but last March was 39 days.
With all the numbers that show we have more Sunnyvale homes for sale and less of them actually sold. The average and median price for Sunnyvale homes dropped about 30-40% this year from last March to March. The price dropped due to a lot of lower end homes sold. The following graph shows the Sunnyvale sold price in thousands from March 2008 to March 2009. The above information came from the multiple listing services www.reil.com
