Sunday, January 11, 2009

Sunnyvale Market Update, Condos: Jan 11th

As of this evening, here is the snapshot look at Sunnyvale's condo/townhome market--

73 active sales
23 pending sales
4 closed sales Jan 2nd 

What does this mean? The inventory is only by 3 since my last report. The active to pending ratios still hold between 3-4. It's still too early to make any predictions on what will happen in the next few months, but here's some clues on 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 will see prices stabilize. If it goes 1-2, we'll see appreciation. 

If you are interested in finding the final selling price of any home, anywhere, you can do it on my website. Go to my website and click on Cyberhome Home Valuation. You can then type in any address and get the county records.

If you need anything else, please, contact me!

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