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

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!

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

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