Sunnyvale Market Update, Jan 31: Condos

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

92 active listings

27 pending sales

2 sales in the 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 aren't quite at a 1 to 3 ratio of pending to active sales, but things aren't getting worse--so at this point, there shouldn't be big changes in condo prices.

If you're interested in finding the final selling price of any home, anywhere, you can do it on my website. Click here to get to my website. Once there, 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 to contact me. I'm here to help you.

Marcy Moyer, Intero Real Estate

marcy@marcymoyer.com

650-619-9285

Sunnyvale Market Update, Jan 21: Single Family Homes

Here is today's snapshot of the Sunnyvale single family home market:

129 active listings

54 pending listings

7 sold homes in last week

What does this mean? There isn't much change from last week, when there were 124 active listings and 54 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's a .75 to 1 ratio of pending to active listings. That's an incredible number, and it says to me that we really have hit bottom for that segment of the market. The overall ratio is 2.5 to 1, which in itself is very healthy. However, for homes over $800,000 there are 48 active listings and 6 pending sales. This ratio of 1 to 8 pending to active isn't too healthy at all, and my guess is we will continue to see some softening. 

If you're 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. Once there, click on Cyberhome Home Valuation. You can then type in any address 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 CA. Market Update, Dec. 27th

Sunnyvale Ca. Market Update 12-27-08

As of this morning here is a snapshot of the inventory of homes in Sunnyvale:

Single Family Homes:
130 Active listings
56 Pending Sales
4 homes sold in last 7 days

Condos/Town homes:
76 Active Listings
20 Pending Sales
2 Closed sales in last 7 days

What does this mean? Right now the market in single family homes is better than condos, as evidenced by a better ratio of active to pending listings. Otherwise, there is not much we can garner from these numbers. There wouldn't normally be too many closed sales at the end of the year because of the holidays. The inventory of both classes is shrinking, but that is to be expected as most sellers do not put their homes on the market at this time of year, preferring to wait until after the New Year. I will have a better idea of where the market is going a few weeks into January. If the inventory goes up a lot faster than the pending sales, we will see price declines. If the inventory stays the same and pending sale rate stays the same, we should have some stability in prices. If the inventory goes down and pending sales stay the same or increase, we could see some appreciation. I am not betting on any of those scenarios over another at this point.

If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to http://www.marcymoyer.com/ and click on Cyberhome Home Valuation. You can then typed in any address and get the county records.

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

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