Sunnyvale, CA Real Estate News

By Sophia Lin, Sunnyvale CA Real Estate Specialist
(Intero Real Estate Services)
Sunnyvale, also known as the "heart of silicon valley" was selected in the top 100 best places to live as reported by CNN Money's list of Americans best small cities; in addition, in 2002 Sunnyvale was one of the finalist communities for the "All American city award" given by the National Civic league.  It is a diverse city that offers many desired qualities.  In addition to being a "green friendly", "accessible to transportation", "bicycle friendly" and "diverse community", Sunnyvale boasts great weather, low crime rates, great schools and affordable housing.   Located approximately 40 miles south of San Francisco and approximately 9 miles north of San Jose, with neighboring cities of Mountain View, Cupertino, Los Altos and Santa Clara, Sunnyvale once a small  orchard town now has tran...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
Sunnyvale CA June 2009 Real Estate Market Posted on 31 July 2009 by gracekeng What is the current Sunnyvale Ca Real Estate market? If we compare from June 2008 to June 2009, you will find some interesting changes: 1). Home inventory reduced from from last year's 203 to this year 193.  The numbers of sold homes has dropped from last year 63 to 59 this year. 2.) The average hoThis June sales price is $762,735 vs last June's ' $918,552. The median sales of June sales price is lower from last year's $898,000 to this year's  $755,000 . 3.) Last June took average 35 days to sell a home however this year will need 79 days to sell a home. This real estate trend is the same as last month. In June of 2009 there are 4.92% less homes inventory  and this year there is  6.6 % less the Sunnyvale homes...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
The left graph shows the median price of Santa Clara county value from July 2008 to July 2009. Jul-08 $705,000 Jul-09 $605,000 Change $100,000 Changed -14% Sunnyvale property values increased much better than most other cities in the Santa Clara County, according to the annual tax roll released by the office of Santa Clara County assessor, Larry Stone on July 1, 2009.  Sunnyvale saw a 4.75 % gain in assessed property values. Only Mountain View saw a higher gain as 6.22% than Sunnyvale. Each year the county appraisers reassess the value of residential and commercial property. According the deputy to the assessor, David Ginsborg  the Sunnyvale property values grew significantly in the form of redevelopment, and the Sunnyvale town Center project, Ginsborg said:" Assessment values are typi...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
Buying bank owned homes strategy This Sunnyvale bank owned home 418 S. Mary Ave was sold quickly with over 20 offers. The asking price is $420,750 and the sold price probably will be over $550,000.                                                                                 How to buy a good deal of bank owned own homes, you need to follow the following rules: 1). Price and initial deposit. The price is major issue. If you only qualify to buy $430K and try to put an offer to buy a home for the asking price then you will be disappointed. The asking price is like a teaser price which is not the reflect the real price.You need to ask the your agent to run an Comparable Market Analysis which will show the current value that include of homes on the market, pending sales and sold homes in ...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
Sunnyvale CA Real Estate Market -May 2009   What is the current Sunnyvale Ca Real Estate market? If we compare from May 2008 to May 2009, you will find some interesting changes: 1). Home inventory reduced from from last year's 200 to this year 188.  The numbers of sold homes has dropped from last year 68 to 36 this year. 2.) The average homes sales price is lower.  This May sales price is $681,266 vs last May's ' $926,252. The median sales of May 2009 is $745,550 which is dropped from last May's $930,000. 3.) Last May took average 36 days to sell a home however this year will need 51 days to sell a home. This real estate trend is the same as last month. In the may of 2009 there are 1% less home inventory  and 50% less the Sunnyvale homes get sold.  The average Sunnyvale sales price drop...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
 SDA Music Summer Series -Celebrating 10 Years July 08 - The Vintage Band (r&b, funk, pop & jazz)July 15 - Silicon Valley House Rockers (rhythm & blues)July 22 - Sage (70's old school) presented by SunnyvaleChamber of CommerceJuly 29 - Too Smooth (pop, dance, soul)Aug. 05- MamaLuke! (classic rock)Aug. 12- T.Y.T (rhythm & blues/funk/latin)Aug. 19- Pacific Standard Time (70's funk/r&b)Aug. 26- Flashback (classic rock, surf) I've gone the Wednesday Sunnyvale Summer Music Series in the past. It's pretty fun. Small - just the one strip of Murphy Ave. in Downtown Sunnyvale. Music is cool...cover bands hitman. It all starts at 5:30 pm and the music starts @ 6 PM to 8 PM on every Wednesday evenings. A couple of food booths and a lot of the restaurants have outdoor seating. I seated at Firehouse...
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By Jessica Dodge
(Keller Williams Realty DRE#01858985)
Zoo of an open house An example of what's happening with bank owned properties (REO's) and short sales in Santa Clara County (Silicon Valley) these days. I held open a house in Gilroy (bank owned) today and within 1 hour I had over 25 groups come through. I learned that the subject property has 25 offers on the table that the bank is looking over and considering. Values did go down, but it seems that things are rebounding. This is great news for the rest of the country! "This open house I met a client at was crazy. Turns out its a short sale that is priced $160 below the 90 day median home price for the neighborhood for the size of home. At one point I counted more than 30 people in the 1100 SqFt home and about 50 outside with a traffic jam of people trying to park. Plus there was one t...
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By Grace Keng, CRS, CDPE (408) 799-8887
(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 shor...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
From last July 1, 2008 there are 93 Sunnyvale REO Homes for sale.  There are 67 out of 93 REO homes sold. Three are only 8 of them active and the rest of them pending. The price range from $375K to $700K. I blog a propert at 1507 BEDFORD AV, Sunnyvale  The best part of this home is located within the Cupertino schools district. The West Valley elementary is about 2 blocks away, Cupertino Junior High is close and same as Homestead High school.Those 3 schools combination can be one of the best trio schools inSunnyvale.That home sold for $925K. That home is listed by RE/MAX RES in Cupertino on 12/19/08 and closed on 03/10/09. That above home was listed as $949,900 and sold for $925K. That home is listed by RE/MAX RES in Cupertino on 12/19/08 and closed on 03/10/09. This home is highest REO...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
Sunnyvale Calfornia Single Family Homes Market   An overview of Sunnyvale’s Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes: 1.) The homes inventory rose to 182 this year from last year’s 168.The sold homes are lower from 47 last March to 31 this year. 2.) The average price of Sunnyvale homes this year has lowered to $610,762 from last years’ $953,963. The median price on Sunnyvale homes has dropped from 940,500$ to $520,000. 3.) It takes average 61 days to sell a Sunnyvale home, but last March was 39 days. With all the numbers that show we have more Sunnyvale homes for sale and less of them actually sold. The average and median price for Sunnyvale homes dropped about 30-40% this year from last March to March. The price dropp...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Sunnyvale, Ca. Single Family Home Market Update 02-16-09   As of today here is the snapshot of the single family home market in Sunnyvale:   145  Active Listings 54    Pending Listings 5      Sold homes in last week   What does this mean? The inventory is up from last week when there were 132 active and 51 pending listings.  The sold number is 1 higher.  In the under 550K market there is still more activity than in the higher end, and the pending to active ratio is a little better than last week. There are 54 active listings under 550K and 35 pending sales, which is quite good. My expectation is that is the conforming loan limit goes back to $729,500 which the 2009 Stimulus Package has it set to do, that the market will be active up to the 800K mark.     If you are interested in finding...
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By Grace Hanamoto, Quality, Knowledge, Professionalism, Experience
(Intero Real Estate)
I'm proud to say that--except for a small period of approximately 15 years--I have been a life-long resident of Sunnyvale, California, and I love the town.  If you're planning to move here, here are some interesting and important facts about Sunnyvale.  (Portions of the following were based on information available on Wikipedia.com) My City's History:  Sunnyvale's humble beginnings can be traced to 1842 when Estrada and Inez Castro was granted land called "Rancho Pastoria de las Borregas."  Today, these roots are remembered by streeet names.  The City Hall and City Library are located off of "Pastoria" and "Borregas" is a main street in Sunnyvale near the industrial areas.  In 1850, Martin and Mary Murphy purchased a portion of Rancho Pastoria and established a wheat farm on the propert...
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By Grace Keng, CRS, CDPE (408) 799-8887
(Keller Williams Realty Cupertino)
Trends At a Glance Jan 2009 Previous Month Year-over Year Median Price $589,500 $631,575 (-6.7%) $710,000 (-17.0%) Average Price $676,264 $671,803 (+0.7%) $751,459 (-10.0%) No. of Sales 28 23 (+21.7%) 17 (+64.7%) Active 115 117 (-1.7%) 124 (-7.3%) Sale vs. List Price 96.89% 99.13% (-2.7%) 97.7% (-0.1%) Days on Market 46 47 (-2.0%) 35 (+31.5%) source from www.reil.com Grace Keng, (408) 799-8887 another blog www.gracekeng.com , member of Silicon Valley real estate agent,  member of the Silicon Valley Association of Realtors (SILVAR) and memberships in the National Association of Realtors, (NAR),the California Association of Realtors, (CAR) and PhD of Realtor - Certified Residential Specialist (CRS).
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Sunnyvale, Ca. Condo Market Update 01-31-09   As of today here is the market update for condos/townhomes in Sunnvyale.   92   Active Listings 27   Pending Sales 2     Sales in Last Week   What does this mean?  Things are very similar to last week. There are 4 more active listings than last week but 2 more pending sales.  We are not quite at a 1 to 3 ratio of pending to active sales but things are not getting worse so at this point there should not be big changes in the prices of condos.   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 next to the search icon and get the county records.   If you need anything else please feel free...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Sunnyvale, Ca. Single Family Home Market Update 01-31-09   As of today here is the snapshot of the single family home market in Sunnyvale:   •132  Active Listings 51    Pending Listings 4      Sold homes in last week   What does this mean? There is not much change from last week when there were 129 active and 54 pending listings.  The sold number is a little less.  In the under 550K market there is still more activity than in the higher end, but the pending to active ratio is a little worse than last week.  My expectation is that is the conforming loan limit goes back to $729,500 which the 2009 Stimulus Package has it set to do, that the market will be active up to the 800K mark.     If you are interested in finding the final selling price of any home, anywhere, you can do it on my web ...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Sunnyvale, Ca. Condo Market Update 01-21-09   As of today here is the market update for condos/townhomes in Sunnvyale.   88   Active Listings 25   Pending Sales 2     Sales in Last Week   What does this mean?  The inventory of active sales is up from 73 last week, with pending sales also being up a little from 23 last week, and solds are down a little from 4 last week. The ratio of pending to active is still between 3-4 to 1, so there is not a huge change. That ratio needs to get a little closer to stabilize the prices, but we will have to see how things go. 16 of the pending sales are for condos less than $500,000 so it is obvious that the lower end of the market is doing better than the upper end.   If you are interested in finding the final selling price of any home, anywhere, you ca...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
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 sa...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Sunnyvale, Ca. Condo Market Update 01-11-09   As of this evening here is the snapshot of the Sunnyvale condo/townhome market:   •73    Active sales •23    Pending sales •4        Closed sales since Jan 2.   What does this mean?  The inventory is only up by 3 since my last report. The active to pending ratio still hold between 1 to 3-4. It's still too early to make any predictions on what will happen in the next few months but here is what to watch for.  If the active listings go above 100 and/or the active/pending ratio gets worse, we will see more declines. If the active to pending ratio gets to 1-3 we she see prices stabilize. If it goes 1-2 we will see appreciation.   If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to w...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Sunnyvale, Ca. Single Family Home Market Update 01-10-09   As of this evening this is the snapshot of the Sunnyvale single family home market inventory:   •124    Active listings        58 pending sales          7 closed sales in the last week       What does mean?  We are probably at the bottom of inventory for a while. The number of homes for sale should increase over the next few months, whether the market is good or bad. The thing to watch is will be, is the inventory of homes over 150 active listings, and how are the pending sales going? Even if the active sales stay under 120, if the pending sales do not go up to at least 2 active for every pending listings we will see some more price decreases. If we can get up to 2 to1 we won't see much change in prices. If we go better than 2 t...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Sunnyvale Market Update 01-02-09   As of this morning this is the snapshot of the Sunnyvale housing market:   Single Family homes:   Active listings: 124 Pending sales:   55 Sold last week: 6   Condos/town homes   Active listings:  71 Pending sales:    20 Sold last week:  2     So what does this mean? Not too much. There would normally not be too many closed sales at the end of the year because of the holidays. The condo market and the single family home market have a similar ratio of pending to active listings, although it is a little better for single family homes. The results may be a little off though because there are more new condo/town homes on the market than single family homes, so these numbers are not an exact picture since not every new home in a development is on MLS.  The ...
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