Bay Area Real Estate Trends | How Fast Are Homes Selling in Sunnyvale

Sunnyvale Real Estate Market Summary for Single Family Homes

Bay Area Real Estate market has been staying strong with prices reaching new highs. Demand from buyers has stayed unabated. In most neighborhoods in Sunnyvale, Santa Clara, and Cupertino, there is continued competitive bidding and homes are selling above the list price in most cases. Sunnyvale, in particular is HOT! With the Sunnyvale Town Center development moving forward and the Apple Spaceship Building opening soon, Sunnyvale is seeing record high prices with year over year gains. Homes that sold in 2009 for $715K are now selling for $1.56 million. With  expected policy shifts coming in from the new administration, and the recent interest rate hikes, buyers are scrambling to buy homes in South Bay neighborhoods and cities like Sunnyvale, Saratoga, Cupertino, Santa Clara, etc.

In this blog entry we look at the trend of the average number of days it takes to sell homes for the last 12 months for various zip code areas in the Sunnyvale Real Estate Market.

1. 94087 Zip code Sunnyvale Real Estate 

Sunnyvale Real Estate 94087 Average Days to Sell 12 months till March 2017

During September 2016 the market had cooled off a bit with many houses sitting in the market for longer periods of time, with an average of 31 days. This trend continued into November, December and began improving from January after the interest rate hikes. This shows that buyer interest increased both due to seasonality, and as the chances of further interest rate hikes loomed large, buyers scrambled to lock their interest rates and get into a home at the earliest.

Checkout Single Family Homes for Sale in Sunnyvale 94087

Checkout Townhouses and Condos for Sale in Sunnyvale 94087

2.  94086 Zip code Sunnyvale Real Estate 

Sunnyvale Real Estate 94086 Average Days to Sell 12 months till March 2017

In the 94086 zip code area of Sunnyvale, homes were in brisk demand in February and March 2017, with a similar pattern of buyers scrambling to buy homes after the interest rate hikes plus the seasonal demand resuming. Earlier, in the November 2016 to January 2017 period, homes were taking a bit longer although the number of days to sell were in reasonable number of average days of between 15 and 22.

Checkout Single Family Homes for Sale in Sunnyvale 94086

Checkout Townhouses and Condos for Sale in Sunnyvale 94086

3. 94085 Zip code Sunnyvale Real Estate 

Sunnyvale Real Estate 94085 Average Days to Sell 12 months till March 2017

The 94085 Zip code area is seeing aggressive buying with homes selling on average within 8 days of listing. The same neighborhoods were seeing averages ranging from 37 days in August 2016 to 21 days in January 2017. This trend is expected to continue in these relatively lower priced localities as out priced buyers from other zip codes find homes closer to the 101 and 237 highways and the Moffet Park office zones.

Checkout Single Family Homes for Sale in Sunnyvale 94085

Checkout Townhouses and Condos for Sale in Sunnyvale 94085

4. 94089 Zip code Sunnyvale Real Estate 

Sunnyvale Real Estate 94089 Average Days to Sell 12 months till March 2017

In the 94089 Zip Code Neighborhoods of Sunnyvale, there are significantly fewer residential single family homes compared to other zip code neighborhoods. There are significant numbers of townhouses in this zip code area. Single family homes in this zip code area are selling on average within 8-11 days. However, the above chart is skewed due to two homes in February 2017 and one home in March 2017 staying on the market for several months. 

The median days to sell number for the above zip code area is very high for February at 48 days while for March, the Median Days to Sell is realistically 9 days.

Checkout Single Family Homes for Sale in Sunnyvale 94089

Checkout Townhouses and Condos for Sale in Sunnyvale 94089


Have a question ? 
Send me a message and I will be sure to get back to you at the earliest.

Realtor Ranjana Shreedhar

To Contact me:   Click Here    Or    Call (408)861-8026

Visit www.SunnyvaleCupertinoRealty.com to learn about selling your home and to search for new listings. Save your home searches and be notified of new listings, price changes, and easily communicate your interest in seeing properties, to Realtor Ranjana.

Looking to list your home for sale?  Contact Realtor Ranjana at (408) 861-8026 or click here: www.SunnyvaleCupertinoRealty.com/sell

Looking for market reports for your neighborhood. Contact Realtor Ranjana today for a market evaluation of your home. www.SunnyvaleCupertinoRealty.com/contact 

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Should You Sell Your Home Now - After Early 2016 Market Downturn

Early 2016 Market Downturn - is the worst yet to come?

Early 2016 heralded a sharp downturn in the financial markets resulting in a precipitous fall in stock values. Most, if not all, top performing stocks that were rated "Buy" by analysts, came crashing down like a house of cards erasing investor's values, with each passing day bringing more doom and gloom. Trillions of dollars in total worth of investor money has vanished in a short span of time. News from globally relevant and critical economies like China showing slowing growth plus lopsided debt situation without an accompanying market adjustment in currency values, brought more uncertainty and volatility in stock and commodity markets. Almost all asset classes, especially oil, have seen a rapid erosion of their market valuations. 

How will the stock downturn impact housing market? 

Home Buyers, especially in the Bay Area, save up a part of their money for down payment through their savings bank accounts. Those savings bank deposits have been offering negligible interest rates for over 8 years ever since the Feds brought in the easy money policy with near zero interest rates, to revive the US economy from the iron grip of the recession. The flip side of this policy was that savings resulted in little growth with low interest returns. The only way to get capital growth was to invest in the stock markets or in other asset classes such as Gold, Real Estate especially in early 2010 through 2014. While there are vast numbers of home buyers in the Bay Area, a large number of them have been priced out of the market due to the rapid and almost crazy rise in home prices in sought-after neighborhoods and cities. Home buyers preferred building up their capital growth for down payments, through stock market investments particularly in rapid growth technology stocks. 

With the recent erosion of the stock values, many buyers will now have lower and lower amounts at their disposal to put a down payment for a home in their desired neighborhood. Many may have to hold back and wait for the stock market to regain its growth. Many other buyers tell me that they are beginning to shift their focus away from their desired neighborhoods(s) to others that are less desired but more affordable within their (now-reduced) capacity for down payment. 

Should Homeowners Sell Now? 

Should homeowners sell now with home buyer investments losing value?

The answer is an emphatic yes if you were thinking of selling. If you were/are on the fence as to whether to sell, this is your chance to still cash in on the peak values that the past few years of rapid rise in prices have provided. Remember hot markets don't last forever. Remember also, that a significant portion of the home buying in the past 3-4 years was driven by cash buying from overseas investors particularly from China. With the rapid crash in their stock values, the number of overseas buyers is very likely to drop soon. Local buyers will have lower money at their disposal to make very high priced offers. This is your chance to get the good returns while they last before the housing market slows down too. 

How Can I help? 

I specialize as a Listing Agent helping homeowners sell their homes fast with great returns. I provide homeowners with premier service standards all through the transactions right from prepping your home to sell, pricing your property right so as to attract great offers, marketing your home through a large network of contacts within my office network, social networks and corporate contact networks. I provide you with high quality home repair and staging professionals to get your home in a move-in ready state, and much much more. 

Head out to the following link to see what I have to offer to help you sell your home. 

Click here: http://www.sunnyvalecupertinorealty.com/sell/

All it takes to start is to have a no-obligation meeting to evaluate your home. Do it today!
Realtor Ranjana
(408) 861-8026

Realtor Ranjana Shreedhar

To Contact me:   Click Here    Or    Call (408)861-8026

Visit www.SunnyvaleCupertinoRealty.com to learn about selling your home and to search for new listings. Save your home searches and be notified of new listings, price changes, and easily communicate your interest in seeing properties, to Realtor Ranjana.

Looking to list your home for sale. Contact Realtor Ranjana at (408) 861-8026 or click here: www.SunnyvaleCupertinoRealty.com/sell

Looking for market reports for your neighborhood. Contact Realtor Ranjana today for a market evaluation of your home. www.SunnyvaleCupertinoRealty.com/contact 

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7 Home Seller Tips To Sell Big

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How much is your home worth? Call Realtor Ranjana for a thorough market value analysis. Do not depend on automatic estimates that do not consider your home's specific condition. Call me at (408) 861-8026

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It probably comes as no surprise to most people that the Bay Area housing market has been hot over the last three years, especially for sellers. The limited inventory of homes for sale in many real estate areas such as Sunnyvale, Cupertino, Saratoga, Santa Clara, Mountain View, and more, combined with solid demand from buyers, tilted the market in the seller’s favor. In our local communities, it has been fairly routine to see multiple offers for homes and bids over the asking price.

But even in this kind of a market, sellers can still get the short end of the stick if they aren’t careful. As we enter the fall home buying season, listing your home right now may be a great idea given the healthy demand for properties. But it is important to take certain steps to help make the home selling process go more smoothly and to enable you to get the best results possible.

Tips To Sell Your Home For A Big Price

Pick a highly qualified real estate professional

Pick a highly qualified real estate professional to get the job done. Selling is a big decision with significant financial and emotional components. It can pay to find a professional REALTOR® with experience in your area and a thorough knowledge of the market and selling strategies. As a seasoned REALTOR®, I can help ease the work and stress that goes into selling a home and help you achieve your goals.

Wear the Buyer's Hat

Home Seller Tip: Putting yourself in the buyer's shoes

will help you present your home in its best appearance

We all think our home is great. After all, it’s where we live and have created so many memories. But when you think about how to price and show your home, it’s important to put yourself in the shoes of a potential buyer and be a bit pickier about your home’s appearance. Critically assess how your home compares to other homes in your area and ask yourself what would you be willing to pay for it if you had others to choose from?

Price Your Home For Sale!!

Don’t push your luck on pricing. It’s natural to think that anyone who enters your home during an open house or other broker showings would be willing to pay top dollar. However, pricing a home too high above the current market could turn away buyers and increase the possibility that the home will sit on the market for a longer period of time. Depending upon the market, you may end up having to lower the asking price at a later point in time to be able to sell.

Too low of a price can backfire

Listing your home below market price may draw in more potential buyers and may increase the possibility that you will receive multiple offers. However setting the asking price too much below the current market comes with some risks as well. You might not get as many offers as you think, and the best offer might be lower than you had planned. Buyers might also become skeptical about buying a home that is listed well below the rest of the market.

Keep an eye on nearby homes on Sale

Going to other open houses can give you a better sense of how your home compares to others on the market. Looking at the upgrades in their kitchens, the amenities throughout their home, and the size of their yards can help you gauge where your home fits in the local market spectrum.

Home Seller Tip: Making a good first impression ensures

Buyers will make good offers and the home will sell fast.

Make a good first impression 

Help homebuyers imagine themselves living in your home by taking down family photos and mementos, removing large or clunky furniture, and generally decluttering your home. Consider using a professional stager who can clear out the clutter and find just the right furniture for each room. Don’t forget to clean up the yard, prune back bushes, and plant attractive flowers. Even in a seller’s market, making the right impression can help get a better price.

Pick The Right Offer

The highest offer isn’t always the best offer. It may be tempting to simply accept the highest offer for your home in a multiple offer situation, but sometimes it’s better to go with a lower one depending upon the other terms in the offer. All cash buyers and those with very large down payments who have been pre-approved for the loan balance may be stronger candidates to be able to actually close. Additionally, buyers who take your needs into account in their offer, such as allowing you to retain possession of the property for a short period of time after escrow closes may be providing a better over-all proposal for your needs.

This may be a great time to sell your home, but there are ways of making the most of the opportunity in this market.

If you have been thinking about selling your home, I’m ready to help. Please give me a call at (408) 861-8026 or email me today and we’ll get started!

Realtor Ranjana Shreedhar

To Contact me:   Click Here    Or    Call (408)861-8026

Visit www.SunnyvaleCupertinoRealty.com to learn about selling your home and to search for new listings. Save your home searches and be notified of new listings, price changes, and easily communicate your interest in seeing properties, to Realtor Ranjana.

Looking to list your home for sale. Contact Realtor Ranjana at (408) 861-8026 or click here: www.SunnyvaleCupertinoRealty.com/sell

Looking for market reports for your neighborhood. Contact Realtor Ranjana today for a market evaluation of your home. www.SunnyvaleCupertinoRealty.com/contact 

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Sunnyvale, CA Neighborhood Real Estate Market Update Aug 2015

As summer begins to wind down, Sunnyvale's 94087 neighborhood real estate market continues with its resilient demand and brisk sales. Although Sunnyvale's rise in home prices has resulted in a slight drop in number of offers, Sunnyvale homes are selling with multiple offers within a week to ten days on average. 

The table below shows recent home sales in Sunnyvale CA from May ’15 to early August ’15 in the 94087 neighborhoods. One can notice that the gap between List Price and Sales Price has come down a bit, as list prices have moved up. Sunnyvale real estate is a much sought-after and desired area given its close proximity to employers, all amenities, highways, and arterial roads, and superb schools. 

Recent Active Listings in Sunnyvale, CA have shown a trend to stay a bit longer in the market. This has a direct linkage to the appropriateness of pricing. Pricing your Sunnyvale home right, is key to success in this market. Price it too high and you will have the home sitting longer. Price it too low and you may have offers around that price, leaving money you could have otherwise made.  Among the most important proven skills I have, is pricing homes in Sunnyvale right. All it would take is a call to discuss. Call me today for a free consultation!

Find out how to sell your home quickly, with top dollar offers!

Sunnyvale CA Recent Home Sales Aug 2015

How much is your home in Sunnyvale CA worth? Don't rely on automated online estimates. Get your personalized estimate from Realtor Ranjana before your put your Sunnyvale home on sale. 

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Do Home Inspections Help You Sell Your Home?

Are inspections required?

Your home has many memories, sentiments and emotions associated with it, and reflects the hard work you’ve put in to keep it problem-free and livable. 

However, we focus most such upkeep around issues that are visible to the line of sight. 

There is a class of issues that does not present easily unless a thorough home inspection is conducted.  

As you get ready to sell your home, inspections will help you get a thorough report of the condition of your home and the extent of repairs, major or minor, and updates required to help it sell quickly. A well maintained home typically gets minor work recommended in the inspection reports, and can be fixed by the homeowner. There are exceptions though. 

Termite and pest damage can be extensive and expensive. 

Home Inspections : a valuable part of your home sale

Cracks in the foundation can require much work and expense. 

The roof may have reached end of life and may require a full replacement. 

The seller can choose to either do some or all of the repairs before selling the home depending on one’s capacity to carry out these. 

In the case of extensive repairs, the seller might choose to not do so but this may significantly impact the offer price for the home. It is always advisable to carry out the more egregious issues requiring fixing. 

From a buyer’s perspective, a buyer would expect that for the price paid, the home would be move-in ready and not require spending too much on major work after moving in. All buyers are in the same boat with the possible exception of investors or flippers looking for fixer-uppers, who are looking for bargains.  

What are recommended inspections?

A trio of inspections is recommended: Termite, Home, and Roof inspections.

These three inspections together cover your overall home and help you uncover the most important issues. 

I am always available to discuss more details on how to maximize returns for your home with minimal spending. 

I have extensive contacts with industry professionals and can help get all of the inspections done and connect you with repair professionals. Call today! 

 

How much is your home worth? Don't rely on online home estimates. Get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Top Ten Tips to Sell Your Home Quickly and For Top Dollar

Before you list your valuable home on the market, consider the following low-cost actions to yield tremendous benefits for a quick and effective sale. In my experience, these have made a significant difference in the sale price of the homes I have sold.

1. Sale-ready Décor

Your home has elements, trims, and decorations to your liking and comfort, but bear in mind that prospective buyers may have their own preferences. In order to sell quickly, keep the home décor as neutral as possible. Simply put, remove all effects that reflect you. These include any personal, decorative, and faith related items, and photographs of your family.

2. Flooring 

Depending on their condition, spruce up hardwood floors with a fresh coat of polish; and for carpets, have a thorough deep cleanse done. If the carpets cannot be cleaned or are worn out, replace the carpets to yield an attractive new look for buyers. An updated home that is move-in ready fetches on average between 10-18% more than homes that are sold without being updated.

3. Plumbing 

Get your plumbing checked and fixed for leaks, especially under the kitchen and bathroom sinks. Leaks under the crawl spaces are hard to find and hence important to get checked and fixed. This will save you from a negative comment on the home inspection report.

4. Open Spaces

The buyer needs to experience the space and square footage. Remove any items that add to feeling of clutter, avoid leaving bulky furniture in rooms, and allow for walls and open spaces to be seen. Buyers will not see value for the price if space cannot be experienced.

5. Super Clean Kitchen, Baths Win Buyers  

Keep your bathrooms and kitchen looking as good as new, clutter-free, and refreshed. Ensure bathtubs, sinks, and shower spaces are squeaky clean. Get a closed wastebasket for each bathroom. Ensure countertops are empty, except for a few decorative items that add to a welcoming charm.

6. Closets

If you have overflowing closets, pack them away to leave minimal contents or empty, so that prospective buyers can see the space inside the closets.

7. Curb Appeal

Ensure your driveways and backyard concrete/tiles are cleaned up. In these days of mandatory water conservation, turn the sprinkler on only on permitted days to keep lawns barely green, or replace with low maintenance native leafy and/or flowering plants. Good curb appeal sets the mood for buyers to get into the home and imagine themselves living in the house.

8. Paint 

If needed, a good coat of paint inside and outside, preferably in neutral shades, will provide the extra freshness to pull buyers into the home. This one can get you more return for a smaller cost.

9. What to do during your Open House hours ?

Buyers need to experience your home as homeowners without the presence of the current homeowner. I have had experiences where sellers stay back and this has had a psychological effect that turns off visitors, which may result in less than fantastic offers.

As your Realtor®, I represent you and your home, and will market the best selling points of your home and neighborhood most effectively. Relax and leave the marketing and selling to me.

10. Price your home right 

This is THE most important tip. Price your home right. An overpriced home will tend to sit in the market, while those around it, priced appropriately, sell quickly. Bringing down the price later may or may not get you good offers. As an experienced local Realtor® I am very well versed with the art of pricing a home, given my experience and knowledge of the local area and market trends. I am in touch with the market on a daily basis. I am here to help and guide you to arrive at a list price that will result in market demand for your home.
  

How much is your home worth? Don't rely on online automated estimates. Get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Do Real Estate Agents Under-Price Properties For Bidding Wars?

I frequently come across prospective buyers who hold the view that real estate agents deliberately price properties under the market to instigate a bidding war. I understand this  line of thinking, and while it is possible that this may be the case in some areas, I do have a bunch of points to make to help explain property pricing that can hopefully help. In my experience, there's a very different perspective to consider here. Many of us know this but may forget to recognize the fact that each house is different in terms of its condition, upkeep, upgrades, and location, and may not fetch the same price as the nearby house that just sold 30% over asking price, even if the house has identical square footage and lot size as yours and perhaps even has the same updated look as yours. There's a lot more to pricing a home than just size of home.  

School Boundaries

An angle to think of is school boundaries. Many homes are in a situation where crossing a certain boundary means another city's school district that may not be at the same comparable level as the sought-after school district on the other side. This means homes selling for hot prices just a block away may not mean that the same may come true to the home involved in the lower scoring school district. Many parents would give up on their list of preferences if the school district alone were to be a super stellar performer. 

Home Related Aspects

Additionally, factors such as the age of home, the level of upkeep, amount of repairs and upgrades needed to bring the home to a move-in condition, and direction of the home and resultant natural lighting, curb appeal, landscaping, etc come into play when considering pricing of a home for sale. For instance, even with all of these factors working in your favor, extraneous factors such as unsightly electric, phone and cable company wires criss crossing your home's backyard or a large electric tower close the house or a gas station close by are factors than have the potential to affect the pricing of the home. 

Sudden Market Moves

One other important factor is that pricing a home at the right level with some margin of defensiveness always protects the seller from sudden moves of the market where prices or demand moves down rapidly. For instance, in just a couple of weeks in 2014 when interest rates rose, albeit for a short period of time, many homes sold at much lower prices and with lower number of offers than anticipated premiums over list price.

Market Drivers

It is a considerable challenge for the real estate agent to price a property way lower just to attract high premiums. Its what the market will bear to offer. If there is an excess of buyers to number of homes available, bidding wars are an expected outcome. If there is significant moneys coming from international buyers, and low interest and low dollar values are the going trend, then this will over run any local demand and result in premiums. These market factors are a reality in the Bay Area. 

The Right Kind of CMA

Considering all of the above factors and more, an indepth comparative market analysis is prepared by a professional Realtor (not a standardized generated document) to present a well thought out comparison of nearby sold properties factoring in the differences, and pros and cons with respect to location, condition, schools, amenities, upkeep, etc in order to arrive at a recommended price range. I make it a point to visit all homes on sale in a neighborhood to learn everything about what is good and bad about the homes, in order to ensure easy comparisons for any upcoming listing of mine. This helps me put my best experience and expertise to work for you to price your home at a level that can attract significant interest and help sell at a good price. Even in the current sellers' market, there are some homes that are sitting for a long time specially because the pricing has not been done well. Price it appropriately and you have a winner. Don't hesitate to reach out for a friendly no obligation call.

What's your home worth? Don't rely on automated estimates. Click here to get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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West San Jose 95129 Median List Price Trends 2015 versus 2014

West San Jose 95129 real estate market shows rapidly growing price trend

West San Jose (95129) real estate area has had a great run over the last year with overflow demand from Cupertino spilling linearly across the neighborhoods, especially where schools are part of Cupertino school district. However, the demand has been strong enough to boost prices in non-Cupertino school district areas of West San Jose real estate market mainly driven by hi-tech business growth, low interest rates, lots of international buyers and low inventory. 

There are many measures and statistical dimensions to analyze trends and present them in a cogent way for you to get a sense of market's trajectory. In this blog entry I present the comparative Median List Price Trends between the first 3 months of 2015 and corresponding numbers for 2014 to get a sense of how much the market has moved in a year. 

West San Jose (95129) Real Estate Median List Price Trends 

As can be seen from the above chart, the 2014 numbers were far lower in the first three months of 2014, when compared to the first three months of this year 2015. 

In Jan 2015, we saw a 50% rise in the Median List Price of homes when compared to Jan 2014.  

The price in Feb 2015 shows a significant drop from Jan 2015 by about 20% but when compared to the figures of Feb 2014, there is actually a 20% gain in Feb 2015. There can be many reasons for the same. Please let me know if you are interested in learning more about this and I can tailor information for you. 

In March 2015, the Median List Price rose from Feb 2015 by another 11% to $1,450,000 thus showing a rapidly rising trend in List prices in the area.  When compared to March 2014, the rise in Median List prices is 20%.

NOTE: the above figures are LIST prices and not SALE prices which have their own interesting trend.  

We believe that the trend towards higher List prices will continue as long as low interest rates, low inventory levels and buying interest from local and international buyers continue to happen while the economy continues to grow. Unless one of these factors takes a hit, we do not anticipate a drop in prices. 

If you are looking for the sales trend numbers or would like to discuss either Selling your home in the neighborhood or buying your home/investment property in the West San Jose real estate area, please do not hesitate to contact me for a no-obligation discussion. 

I bring to you my experience and expertise in pricing, staging and home prep, negotiations, offer management, coordination with Escrow and Banks, consistent communications, and commitment to exceptional service. I help both buyers and sellers with achieving their real estate objectives. 

How much is your home worth? Don't rely on automated estimates. Click here to get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Cupertino Real Estate Median List Price Trends 2015 versus 2014

Cupertino Median List Price Trends Show Steadying Price Levels 

Cupertino's real estate market is traditionally a sellers' market - at least that has been the case for well over a decade now. Over the last 3 years, the market has seen an inflow of fairly consistent foreign buying with many cash deals. In addition the low interest rates have boosted buying demand and hence home prices have risen to record levels. Besides, Cupertino boasts of top class public schools that count among the top in California state. 

There are many ways to measure the market conditions and trajectory. In this blog entry I share the trend measured by the rate of change of List Price taking the Median. The chart below shows 2014 Median List price levels in blue and 2015 levels in green. 

Cupertino Median List Price Comparative Trend 2015 versus 2014

As can be seen, the 2014 trend showed that between Jan 2014 and Feb 2014, there was a rapid rise of 15% in List prices, and between Feb 2014 and March 2014, there was a rise of 11%.  In the current year 2015, the median list price in Jan was at $1,248,000 that, in Feb 2015, grew by a whopping 28% within a month. But in March 2015, one can see that there was some stabilization in that the median prices stayed around the same levels albeit a tad lower at $1,595,000. 

The outlook for the next few months is dependent on how interest rates move and whether high prices are sustainable in attracting more buying from overseas and local buyers. Additionally, inventory levels will play a huge role in dictating the direction of prices. If the interest rates and inventory stay low, one can expect continued rise in prices albeit by relatively smaller percentage points. 

As always, please do not hesitate to ask any questions about real estate and about your own neighborhood or home. If you are in the market to sell your home, I offer my expertise in pricing, staging and home prep, negotiations, offer management, aggressive online and offline marketing and much much more. If you are in the market to buy your home or investment property, I can make it happen for you. 

How much is your home worth? Don't rely on automated estimates. Click here to get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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Sunnyvale 94087 Median Home List Price Trends 2015 vs 2014

Sunnyvale 94087 shows continued listing price rise

Buyers and sellers alike look for real estate pricing trends for the city of their interest especially when the city is hotly in-demand due to facilities, closeness to highways, workplaces and great schools. 

Sunnyvale's 94087 real estate area is such a hotly in-demand locality and median List prices are showing a rapidly growing trend even after two continuous years of price growth. The graphic below shows a side-by-side comparison of pricing for each month in the first quarter of 2015 versus the corresponding months in 2014. One can see that although January 2015 was a tad lower compared to Jan '14, the price trend quickly moved up to beat last year's list price trend for February and March. 

Sunnyvale 94087 Real Estate Median List Price Trend 2014 vs 2015

Note: The above chart is the median LIST price trend and not SALES price trend which will show a much higher median number and a higher trend. 

As always, your comments and questions on real estate are most welcome. Contact me for all your real estate needs be it to price your home to sell or to understand real estate trends in your favorite Bay Area city for investment properties or for buying your home. 

How much is your home worth? Don't rely on automated estimates. Click here to get your pricing done right!

Realtor Ranjana Shreedhar
To Contact me:   Click Here    Or    Call (408)861-8026

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