Sunnyvale, Ca. Single Family Home Market Update 01-21-09
As of today here is the snapshot of the single family home market in Sunnyvale:
•129 Active Listings
54 Pending Listings
7 Sold homes in last week
What does this mean? There is not much change from last week when there were 124 active and 56 pending listings. The sold number is the same. There is tremendous activity in the lower end market. For homes under $500,000 there are 44 active listings and 34 pending sales. That is a .75 to 1 ratio of pending to active listings. That is an incredible number and says to me we really have hit bottom for that segment of the market. The overall ration is 2.5 to 1 which is in itself very healthy. However, for homes over $800,000 there are 48 active listings and 6 pending sales. This ratio of 1 to 8 pending to active is not very healthy, and my guess is will still see some softening.
If you are interested in finding the final selling price of any home, anywhere, you can do
it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate