Sunnyvale Market Update, Single Family Homes: Jan 10

As of this evening, here is a snapshot of the Sunnyvale single family home market inventory:

124 active listings

58 pending sales

7 closed sales in last week

What does this 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. Things to watch for: is the inventory of homes over 150 listings? How are the pending sales going? Even if the active sales stay under 120, if the pending sales don't go up to at least 2 for every pending listing we will see some more price decreases. If we can get up to 2 to 1 we won't see much change in prices. If we go better than 2 to 1 we will see appreciation. I personally think we'll see better numbers of sales in the lower price range, as jumbo mortgages remain very expensive. We'll have to see how things shake out over the next few months.

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

If you need anything else, I am here to help! 

Marcy Moyer 

marcy@marcymoyer.com

650 619 9285

www.marcymoyer.com