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


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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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