sunnyvale: 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)
sunnyvale: The Silicon Valley Real Estate Market Update 8/15/07: A tale of two markets
- 08/15/07 07:04 AM
The housing inventory has continue to climb over the summer in Santa Clara County with 5,950 homes, townhouses and condos on the market as of 8/10/07. This is the highest level of the year and the highest level in the 2000's. There are currently 4.416 single family and 1,534 condos and townhomes on the market. The Silicon Valley continues to be a tale of two markets. The Elite School Area Market Characteristics (API Score 850+) Median price is over $1.1 Million: Median Price is up 10% vs 2006 Number closed sales is down slightly (2%) over 2006 Average number of days on market is 34 days (up 47% vs 2006) The Rest of … (2 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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