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 sales were down 23%, and New Listings were down 29%.
These averages mask large variations throughout the City of Cupertino. For a more in depth analysis of a particular Cupertino home, or to talk about your real estate situation, please feel free to call or e-mail. As a local Realtor since 1976, I have an thorough understanding of the dynamic real estate market conditions throughout Cupertino. The lessons I've learned from 35 years of local real estate sales experience under all market conditions benefit my clients throughout a real estate transaction.
Lloyd Binen (DRE 572654)
Realtor/Broker
Certified Realty Services
19200 Shubert Drive
Saratoga, CA 95070
408-373-4411
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