Cupertino, CA Real Estate News

By Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate
(KD Realty - 408.972.1822)
Closed Sales in Cupertino, California in July 2008Property Type:  Single Family Homes ~ Cupertino There were 55 single family homes reported sold in Cupertino during the month of July 2008. Current Inventory in the month of July 2008 = 128 The Average Price was $1,118,353 The Median Sales Price was $1,138,000 The Average Days of Market (DOM) was 21 % LP Received = 100.06% There were 98 new listings reported in Cupertino, California in July 2008. Property Type:  Condo / Townhomes ~ Cupertino There were 25 condos / townhomes reported sold in Cupertino during the month of July 2008. Current Inventory in the month of July 2008 = 53 The Average Price was $730,403 The Median Sales Price was $740,000 The Average Days on Market (DOM) was 18 % LP Received = 99.47% There were 38 new listings repo...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
Whole Foods Market Cupertino at the new Stevens Creek location is almost one year! Friday, August 22nd through Sunday, 24th 1 year Anniversary Party! Free! Whole Foods Market has been serving Cupertino for over 12 years now but we are just reaching the 1-year Anniversary of our beautiful new location! Join the Whole foods market on this Friday, Saturday and Sunday for musical entertainment, grilling stations, lots of vendor demonstrations, kid activities including a watermelon eating contest, tons of back to school specials and a very special cake cutting at 12 noon on Saturday! Music starts at 5:00 p.m. on Friday and 12:00 p.m. on both Saturday and Sunday. This is a free event! I love the variety of food. It is so fresh and delicious. One hot summer day I went there I saw quiet a few p...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
The Strike Bowling at Cupertino Square became a popular place for the Silicon Valley fun place. The Strike is unlike most Bowling place. It has everything bowling, food, TV, muisc and games. It features 32 lanes of high-energy and glow in the dark bowling in a unique setting with the state of the art audio visual and huge video wall spanning the lanes. You will enjoy the cocktails and gourment cuisine right near bowling lanes. Strike has already started in the east cost and has made its way to the west. You may check www.strikecupertino.com or check out this article of Cupertino Strike.
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By Lisa Wiseman
(Intero Real Estate Services, San Jose, Silicon Valley)
While growing up in Cupertino and playing in the orchards and creeks, it sometimes seemed as if I were living in a magical place. Now this fabulous town has become an affluent, sought-after community. Located an hour south of San Francisco and an hour north of Santa Cruz, this city now boasts award-winning shools, parks, a golf course, fabulous restaurants, a library, community center, businesses, a farmer's market, shops, all with easy access. Being such a popular city has made housing affordability a little challenging, but surprisingly, affordable homes do exist! Please contact me at (408) 591-7778, and I'd be more than happy to assist you.
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By Robert Whitelaw, Broker, CEO, Realtor , ePro
(Whitelaw & Sons Real Estate Services)
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...
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By Robert Whitelaw, Broker, CEO, Realtor , ePro
(Whitelaw & Sons Real Estate Services)
  Another great month for Cupertino. While the generally down market has nudged Cupertino down a bit in some areas, the market is still strongly weighted in favor of sellers. Read More for all the details and the video presentation.         Summary Of Sold Properties Single Family Residential   Address City Beds Bath DOM CDOM LOE SqFt $/SqFt Lot(SqFt) List Price Age Sale Price   SOLD  22001 Lindy Ln   Cupertino   5   4+  8   8   63   4,031   $532.87   61,419   $2,148,000   66   $2,148,000    23687 Black Oak Wy   Cupertino   4   3 1/2  52   52   49   3,125   $656   11,761   $2,098,888   8   $2,050,000    22700 Alcalde Rd   Cupertino   5   3 1/2  28   28   30   3,484   $542.16   9,147   $1,950,000   6   $1,888,888    20905 Jollyman Ln   Cupertino   4   3 1/2  27   27   7   2,873   $647.41...
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4th of July Festivities and FireworksCupertino's Annual July 4th festivities: De Anza Optimists hosting the traditional pancake breakfast at the Quinlan Community Center located at 10185 N. Stelling, Cupertino, CA 95014 from 7am-11am. 9:30am line up for the children's parade (Memorial Park ball field) 10 - 10:30am There is children's parade from Memorial Park that ends at Quinlan Community Center. The parade is followed by the community (10:30am-11a,) sing-a-long backside of the Quinlan Center at the fountain. 6:15pm-9:15pm Evening festivities are at Creekside Park, Hyde Middle School, or Sedgewick Elementary School. They began with roving entertainment provided by local band. The Parks and Recreation Department provides games and face painting for children. The fireworks at the late ev...
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By Tom McEvoy, MBA, SRES / Broker Associate / Realtor
(RE/MAX Gold Santa Clara Valley)
It's not often that after a meal, I take home about half of my dinner but it happened recently at Alexander's Steakhouse in Cupertino. Recently there for an anniversary celebration dinner with my wife of thirty years, we enjoyed ourselves immensely. Our older son was taken there last year for his birthday by his girlfriend and has raved about it ever since. So he said that next special-occasion dinner you've got to try this place. In addition to just telling us, our two sons encouraged us by buying us gift cards to use.My wife started by making reservations for our special night on opentable.com. On the website, they ask about any special comments or requests. My wife merely typed in a request that we get a nice table for our 30th Anniversary. Little did we know the comment would set in...
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By Tom McEvoy, MBA, SRES / Broker Associate / Realtor
(RE/MAX Gold Santa Clara Valley)
On a recent date night, my wife and I decided to visit another fine restaurant. We do this at least once each month where we choose a nice place to enjoy the food and ambiance and this time, we chose Fontana's Italian Restaurant on Stevens Creek in Cupertino.While we've been to Fontana's a number of times over many years both on our date nights as well as with our two sons, we have never been disappointed.We started things off by sharing their Caprese salad which was made with alternating fresh, sliced red-ripe tomato, fresh mozzerella cheese, pesto, roasted red pepper and capers. This was drizzled over with olive oil. Now we love caesar salads but this to us is our favorite. It was marvelous.Our dinner entrees were outstandingly presented. We both ordered (first time in a long time we'...
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By Robert Whitelaw, Broker, CEO, Realtor , ePro
(Whitelaw & Sons Real Estate Services)
The real estate market in Cupertino, California continues to buck the trends of the county in general. Average home prices continue to increase. The average days on market continue to be low. The total inventory stays at a healthy ratio to the number of homes being sold (just under 3 homes on the market for every home that sells). However, we do see some small signs of slowing. At the worst, it looks like things may flatten a bit for Cupertino - but even that would be a pessimistic view given the amazing performance of this community over the last few years while other locations have been hit hard. Due to popular demand, I will be posting the narrative information for this analysis as I did last year. However, in the interests of getting the info out as soon as possible, the video prese...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the November MLS statistics for Condominiums & Townhomes in Cupertino, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the November MLS statistics for Single Family Homes in Cupertino, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By Steve Mun, Silicon Valley Realtor
(Keller Williams Silicon Valley)
 It's in the newspaper again, plastered all over the front page of the San Jose Mercury News: OK '08 seen for Bay Area real estate:LESS IMPACT FROM SUBPRIME LENDING WOES.   The article goes on, essentially, to say that the Bay Area is expected to do better than the rest of the country because we suffered less gain during the boom.  Because our real estate gained less, it is expected to fall less.  Makes sense, but it goes on further to state that our area relied less on sub-prime loans to purchase homes as well.  Perhaps the article is correct and perhaps it is not.  But I like to rely on data and facts.  Here is data from the past 15 months to give us a snapshot of Cupertino's market. The Single Family market is doing very well, with supply never out-pacing demand by a significant marg...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the October MLS statistics for Condominiums & Townhomes in Cupertino, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the October MLS statistics for Single Family Homes in Cupertino, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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Since Cupertino has been such a competetive market for the past 5 years, sub-prime mortgages have not had much direct impact on this area.  Basically, if you had 100% financing, it was very difficult to compete with other buyers to buy homes in this area.  Thus I would expect Cupertino's strong real estate market to continue into 2008.  In addition there would seem to be a big enough backlog of buyers to keep things going for a while. The house that got 20 offers a week or so ago means that there are at least 19 other buyers looking for a home in the 1.3 million dollar range.  With employers such as Apple, Google and Cisco still hiring at a rapid pace, we should still see an inflow of people into the area.  The one factor that could hurt the area in the long run is if traditional feeder...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the September MLS statistics for Single Family Homes in Cupertino, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the September MLS statistics for Condominiums & Townhomes in Cupertino, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By Steve Mun, Silicon Valley Realtor
(Keller Williams Silicon Valley)
                                                                        Our Professional Relationship                             Putting me to Work for You                         If you see any home that interests you, ask me about it.  Whether it is advertised by sign, in the newspaper, listed with another Realtor, or even seen at an Open House, or not even on the market – I am able to best represent you in the pursuit of that property.                           If you have any questions about how I work, please ask.  Our professional relationship is critical to the successful purchase of your home.                           Skilled Service                         A large part of my work is performed "behind the scenes;" previewing homes, researching comparable sales, gaining market...
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By Steve Mun, Silicon Valley Realtor
(Keller Williams Silicon Valley)
Here is a flow chart of the Home Buying Process.     Steve Mun, Silicon Valley Realtorwww.stevemun.com 
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