mls: Cupertino, Sunnyvale, Saratoga, Los Altos still stong
- 10/22/07 04:06 PM
As the 2007 real estate market begins to wind down for the year, we are still seeing multiple offer market for the cities with the high-end publc schools. While, overbids are not as crazy as in previous years, we are still seeing that it takes a good price with little or no contingency and solid financing to "win" a median priced single family home in these areas. In Cupertino, we are still seeing some properties receiving 20 offers the first week they hit the market. I recently sold a townhome in Cupertino in a week for over asking price with no contingency. … (3 comments)
As the 2007 real estate market begins to wind down for the year, we are still seeing multiple offer market for the cities with the high-end publc schools. While, overbids are not as crazy as in previous years, we are still seeing that it takes a good price with little or no contingency and solid financing to "win" a median priced single family home in these areas. In Cupertino, we are still seeing some properties receiving 20 offers the first week they hit the market. I recently sold a townhome in Cupertino in a week for over asking price with no contingency. … (3 comments)
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