Sunnyvale, Ca. Single Family Home Market Update

Real Estate Agent with Keller Williams Realty Cupertino

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 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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