A Real Estate Market Unto Itself - 06/30/11 02:22 PM
A Real Estate Market Unto Itself.
I closed an escrow on a listing today.  From the Listing Date to the Close of Escrow was exactly 30 days.  Inspections, reports, disclosures and a mini-staging were completed in May before the home was marketed.  The quickness of this transaction is not typical for Silicon Valley, but it isn't atypical for homes located within the Cupertino School District.  It's a real estate market unto itself.
Over the past 14 Mays (I don't have June 2011 totals yet), from May 1998 through May 2011, the Average Home Sale Price in the City of Cupertino has been 100.8% of the Average List Price … (2 comments)

You Decide: Furniture that's Cheap and Trendy, or Expensive and Permanent? - 06/21/11 03:29 PM
Furniture: Cheap and Trendy, or Expensive and Permanent?
Couples who have lived together for 40 years have had nearly every conversation possible.  O.K., I'm exaggerating. A little.  Here's the customary conversation I have with my wife prior to any major furniture purchase.  Names have been omitted to prevent bias one way or another.  It goes like this:
Spouse #1: "Let's buy a high quality [insert name of piece of furniture] that will last forever.  Sure, it'll be more expensive in the short run, but we'll never need to buy another one, ever."
Other Spouse: "Why would you want to look at … (11 comments)

In the Silicon Valley Garden - 06/15/11 08:11 PM
 In the Silicon Valley Garden

A very under rated and seldom seen plant for Mediterranean or Silicon Valley gardens is this Yucca Filamentosa 'Bright Edge' Yucca.  It's a small variegated succulent that displays a massive stalk of cream colored flowers in June.  Even without the burst of foliage the yellow-edged elongated Yucca leaves are beautiful.  It's self-propagating so each year at least one more plant and spike are added.  It takes full or partial sun, good drainage, and this one loves my Saratoga, CA home garden and vice versa.
… (7 comments)

Home Appreciation Rates in Silicon Valley and Santa Clara County Cities - 06/12/11 03:35 PM
Home Appreciation Rates in Silicon Valley and Santa Clara County Cities
The Table below shows the Median Sale Price in May 1998 and May 2011 for Single Family Residences sold in various cities in Santa Clara County.  The last column shows the average compounded Annual Change from May 1998 through May 2011.  Cities with fewer than 19 sales have been excluded and are listed at the bottom. Data are from the local Multiple Listing Service (MLSListings, Inc).
The Median Sale Price increased the most in Palo Alto (6.62% annually), and neighboring Mountain View (6.55% annually).  Affluent Palo Alto is home to … (5 comments)

Saratoga, CA Real Estate Market Update For May, 2011 - 06/08/11 06:00 PM
Saratoga, CA Real Estate Market Update For May, 2011.
The graph below shows the Median Sale Price of Single Family Residences sold in Saratoga, CA on the local Multiple Listing Service (MLSListings) every May from 1998 through May 2011.
The May 2011 Median Sale Price of $1,461,500 represents a 12% decline compared to one year earlier.  The  Median Sale Price increased an average of 4.28% compounded annually from May 1998 through May 2011.  

The graph below shows the Number of Sales and the Number of New Listings each May from 1998 through May 2011.

These averages mask large … (2 comments)

Cupertino, CA Real Estate Market Update For May, 2011. - 06/08/11 05:50 PM
Cupertino, CA Real Estate Market Update For May, 2011.
The graph below shows the Median Sale Price of Single Family Residences sold in Cupertino on the local Multiple Listing Service (MLSListings) every May from 1998 through May 2011.
The May 2011 Median Sale Price of $1,045,000 represents a 8% increase compared to one year earlier. From May 1998 through May 2011 the Median Sale Price increased an average of 3.7% compounded annually. 

 
The graph below shows the Number of Sales and the Number of New Listings each May from 1998 through May 2011.  Compared to May average, Cupertino home … (0 comments)

Santa Clara County Real Estate Market Update for May 2011 - 06/06/11 09:51 PM
Santa Clara County Real Estate Market Update for May 2011.
This graph shows the Number of Single Family Residence sales in Santa Clara County each May from 1998 through 2011 according the the local Multiple Listing Service (MLSlistings, Inc.).  May 2011 Sales were 17% below the 14-year May average.

This graph shows the Average (Mean) Sale Price of Single Family Residences in Santa Clara County sold each May from 1998 through 2011 according the the local Multiple Listing Service (MLSlistings, Inc.). 

These averages mask large variatons throughout the county.  For an in depth analysis of a particular home in … (3 comments)

Saratoga, CA Homes Sales in May 2011 - 06/02/11 08:05 PM
Saratoga, CA Homes Sales in May 2011.
In May 2011, the Average Sale Price for Single Family Residences sold in Saratoga, CA was $1,810,496.
The boundaries of the City of Saratoga, CA do not coincide with Elementary School Districts boundaries.  In fact, some portion of four different Elementary School Districts, as shown in the Chart below, are located within City boundaries. The Chart contains the sub-totals for each of these Elementary School District.  The Chart shows: the Number of May 2011 sales; the Average List (Asking) and Sale Price; the percent of the Asking (List) Price received in the final Sale … (4 comments)

Homes Sold in Cupertino School District Continue to Sell For More than Asking Price - 06/01/11 08:25 PM
Homes Sold in Cupertino School District Continue to Sell For More than Asking Price.
In May 2011, the Average Single Family Residence sold within the Cupertino Elementary School District sold for 101% of its Asking (List) Price as strong demand and limited supply pushed prices up.  Data are from the local Multiple Listing Service, MLSListings, Inc.
The Cupertino School District boundaries do not coincide with City boundaries, so the Chart below shows sub-total for each City and the number of May 2011 sales in that City, plus the total.

For information about Buying or Selling a home in the Cupertino … (8 comments)

 
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Lloyd Binen Silicon Valley R since 1976;408-565-8177

Saratoga, CA

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Certified Realty Services

Address: CA DRE #572654, 19200 Shubert Drive, Saratoga, CA, 95070

Office Phone: (408) 565-8177

Cell Phone: (408) 373-4411

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