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Cupertino - June 2008 - Real Estate Market Analysis

By Robert Whitelaw

Real Estate Broker/Owner with Whitelaw & Sons Real Estate Services DRE# 00984909

July 15, 2008 04:09 AM

cupertino_thumb The Cupertino housing market continues to be robust.

Sales are up and the inventory of homes for sale continues to be low. In fact, for every home that sells in Cupertino, there are only about two home on the market!

Still a strong sellers market, but the rate of price increases has slowed and buying of upper end homes has also slowed.

Summary Of Comparable Properties
Single Family Residential

Address	City	Beds	Bath	DOM	CDOM	LOE	SqFt	$/SqFt	Lot(SqFt)	List Price	Age	Sale Price

SOLD
10690 Merriman Rd	Cupertino	5	3 1/2	62	62	45	3,580	$628.49	12,570	$2,480,000		$2,250,000
19884 Price Av	Cupertino	4	3	15	65	14	3,069	$586.51	8,276	$1,838,000	13	$1,800,000
20913 Alves Dr	Cupertino	5	3 1/2	8	8	28	2,671	$661.92	9,373	$1,738,888		$1,768,000
21020 Rainbow Dr	Cupertino	5	3	16	16	19	3,236	$482.08	6,600	$1,580,000	19	$1,560,000
22630 Oakcrest Ct	Cupertino	4	2 1/2	8	8	25	2,531	$595.81	14,810	$1,499,400	29	$1,508,000
10181 Lebanon Dr	Cupertino	3	2 1/2	10	10	45	2,511	$593.39	11,100	$1,488,000	56	$1,490,000
10551 Castine Av	Cupertino	4	2 1/2	9	9	29	2,394	$611.95	7,500	$1,450,000	40	$1,465,000
10919 Festival Dr	Cupertino	4	2 1/2	27	27	28	2,323	$609.13	9,558	$1,428,000	25	$1,415,000
22334 Carta Blanca St	Cupertino	3	2	5	5	30	1,892	$702.96	9,147	$1,325,000	41	$1,330,000
10465 Brewer Av	Cupertino	5	2 1/2	8	8	20	2,440	$540.98	7,632	$1,295,000	40	$1,320,000
10441 Glenview Av	Cupertino	4	2 1/2	15	15	32	2,459	$536.8	7,743	$1,399,888	27	$1,320,000
10398 Vista Knoll Bl	Cupertino	3	2	13	13	31	1,633	$796.69	13,503	$1,288,000	41	$1,301,000
10240 Mira Vista Rd	Cupertino	3	2	17	17	61	1,492	$871.31	9,750	$1,250,000	54	$1,300,000
10402 N Chisholm Av	Cupertino	3	2	11	11	53	1,666	$775.51	9,200	$1,249,000	40	$1,292,000
10371 Rivercrest Ct	Cupertino	3	2 1/2	19	19	25	1,846	$690.68	9,800	$1,378,000	46	$1,275,000
10600 Johansen Dr	Cupertino	4	2 1/2	22	165	24	2,480	$504.03	5,775	$1,258,000	1	$1,250,000
10025 Byrne Av	Cupertino	4	2 1/2	8	45	25	2,017	$606.84	7,000	$1,045,000	28	$1,224,000
7712 Orogrande Pl	Cupertino	4	2	35	35	30	1,834	$665.21	6,264	$1,285,888	32	$1,220,000
10642 N Portal Av	Cupertino	3	2	6	225	64	2,985	$402.68	14,250	$1,250,000	58	$1,202,000
11552 Morning Spring Ct	Cupertino	3	2 1/2	27	27	28	1,515	$786.8	4,000	$1,198,000	20	$1,192,000
10541 Stokes Av	Cupertino	3	2	8	23	20	1,666	$702.28	8,025	$1,180,000	38	$1,170,000
10311 N Blaney Av	Cupertino	4	2 1/2	23	23	21	2,049	$549.05	7,446	$1,125,000	46	$1,125,000
10565 E Estates Dr	Cupertino	3	2	5	21	15	1,392	$798.85	10,080	$1,098,000	49	$1,112,000
10461 Glenview Av	Cupertino	3	2	15	15	22	1,374	$807.86	9,528	$1,098,000	49	$1,110,002
10369 Lindsay Av	Cupertino	3	2	8	8	33	1,374	$786.03	6,300	$1,000,000	50	$1,080,000
22641 Alcalde Rd	Cupertino	2	1	40	40	46	1,716	$620.63	9,310	$1,025,000	60	$1,065,000
10108 S Tantau Av	Cupertino	5	2	8	8	33	1,764	$600.91	9,375	$998,000	59	$1,060,000
1436 S Stelling Rd	Cupertino	3	2	29	29	28	1,551	$680.21	6,500	$1,150,000	45	$1,055,000
7568 Rainbow Dr	Cupertino	3	2	10	10	14	1,415	$743.46	6,000	$949,950	50	$1,052,000
1115 Kentwood Av	Cupertino	3	2	18	18	30	1,613	$625.18	5,663	$1,028,880	47	$1,008,420
10306 S Tantau Av	Cupertino	2	1	7	7	29	1,323	$702.95	9,375	$919,888	59	$930,000
10450 Corte De Seville	Cupertino	4	3	18	295	30	1,684	$504.75	7,600	$899,888	53	$850,000
7626 Hollanderry Pl	Cupertino	3	2			13	1,190	$714.29	5,992	$850,000	47	$850,000
18901 Pendergast Av	Cupertino	3	2	2	2	23	1,198	$673.62	5,304	$798,888	55	$807,000
10277 Menhart Ln	Cupertino	3	2	11	11	25	1,078	$729.87	5,500	$749,888	56	$786,800
10401 Menhart Ln	Cupertino	4	2	6	6	28	1,504	$498.67	5,760	$699,000	56	$750,000
18841 Pendergast Av	Cupertino	2	1	44	44	44	814	$794.84	5,304	$618,888	55	$647,000
18630 Medicus Ct	Cupertino	3	1	8	8	28	1,048	$596.37	5,100	$625,000	54	$625,000

AVERAGE VALUES			16	37	30	1,903	$652.09	8,211	$1,198,377	43	$1,199,085


AVERAGE VALUES FOR ALL			16	37	30	1,903	$652.09	8,211	$1,198,377	43	$1,199,085

Quick Statistics ( 38 Listings Total)
	Min	Max	Median
List Price	$618,888	$2,480,000	$1,189,000
Sale Price	$625,000	$2,250,000	$1,197,000

NOTE: This is a MARKET ANALYSIS. In order to provide complete information, all homes sold are listed for the noted community. No claim is made that I represented either the buyer or the seller in ANY of these transactions. The homes sold are reported simply to provide complete information on what homes have sold during a specific period of time.

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