Wednesday, January 21, 2009

Sunnyvale Market Update, Jan 21: Condos

Here is today's market update for condos/townhomes in Sunnyvale:

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 up a little--they were at 23 last week. Solds are down slightly, from 4 last week. The ratio of pending to active sales is still between 3-4 to 1, so the change isn't huge. That ratio needs to get a little closer to stabilize prices, but we'll have to see how things go. 16 of the pending sales are for condos less than $500,000, so it is quite 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 can do it on my website. Click here to go to my site. Once there click on Cyberhome Home Valuation. You can then type in any address next to the search icon to get the county records.

If you need anything else, please, contact me. I am here to help you.

Marcy Moyer Intero Real Estate
marcy@marcymoyer.com
650-619-9285

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