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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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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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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Latest Cupertino Townhome Condo Sales Trends

Hello Readers
Cupertino real estate market's most attractive segment is the Townhome and Condominium market for good reason. First time homebuyers rely on this segment a lot to gain an entry into the world of home ownership and begin their journey to achieve there real estate dreams. From a pricing standpoint, the Cupertino Townhome and Condominium prices makes this market accessible to the buyers. How is this market segment doing? 

Lets review. For most part, the market continues to show tremendous demand even as prices have reached dizzying proportions. The thing that keeps the demand above supply levels is the supply levels itself. There is a acute shortage of homes in this segment. This segment also attracts a lot of investor interest who would eventually rent the property out. As Spring season comes in, it is hoped that more inventory will make its way making more choices available to buyers. It also means that sellers who are not yet decided on whether to sell or not, may see increased competition from more homes selling as the home selling season comes in. 

Here are recent sales of Townhomes and Condominiums in the Cupertino Real Estate Market area. 

As can be seen, most sales are above list prices although in some cases, the homes have been on the market for a lot longer than the average days on market for Cupertino. Also notice that there have been very few homes listed and sold from September, 2014 till January 2015. 

Conclusion: 
If you are looking to sell your home, take advantage of the limited inventory to get maximum exposure to all buyers in the market. I can help you every step of the way to achieve a successful sale. Please do not hesitate to contact me at (408) 861-8026 for a free, no-obligation consultation to discuss the sale of your home. 

If you are in the market to buy, your decision to invest now could make a huge difference with respect to building equity and continuing to pay rent i.e paying someone else's mortgage. Historically, low interest rates are a once-in-a-lifetime opportunity to take advantage of and to start building your equity.  I can help you select the right home for the right price without pushing you in your decisions while guiding you every step of the way. Call me at (408) 861-8026 to setup a suitable time to discuss your real estate needs. 

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 Trends, Recent Home Sales - Feb 2014

For latest neighborhood information tailored to where you live or where you want to buy, please contact me through the Contact Ranjana tab on the right side bottom of the page. Or call me at (408) 861-8026 and I will be happy to work with you on your real estate needs. 

Cupertino Real Estate Market Status

Cupertino's housing market  has shown tremendous resilience right through housing downturns and during the recovery period. Cupertino has turned hotter during the early 2014 and even during the winter months. Recent Sales in Cupertino, number of days to sell a Cupertino home, and traffic at open houses of Cupertino homes on sale, are revealing interesting information on how much demand for homes there is in this remarkable Cupertino city.  Is demand continuing to be hot or not ?  

Get The Latest Cupertino Real Estate Market Report

Get the latest Cupertino Real Estate analytical report tailored to your home/neighborhood.  Get recent home sales trends including price per sq ft, days on market, sales price over list price, and more, based on data direct from MLS.   

Don't buy or sell your home in Cupertino without going through this extremely useful information. Be prepared with more information than less.  Work with a Realtor who understand market trends inside out. Why? Pricing is the one of the most important decisions you will take in the sale of your home.

Receive latest Cupertino market analysis for your home 

From Realtor Ranjana

Click Here or
Please Call (408) 861-8026

If you are looking to sell your Cupertino home or in any other Bay Area city, please do not hesitate to contact me at (408) 861-8026  to get the advantages of local market expertise, negotiations, contract expertise, consistent communications, and being available to you all the time throughout the transaction. My goal is "Real Estate made Real Easy"!  

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

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Cupertino Real Estate Market Trends, Recent Sales Updated for March 2013

Just a quick note to readers that I have updated the Cupertino Real Estate Market Trends And Recent Home Sales Blog Entry with March 2013 statistics, charts, and analysis.

Subscribe to my blog so that you will get update notifications of these blog entries. 

Author Ranjana Shreedhar, Realtor:

If you are planning to Sell your house, learn how to make the most for your house in this market and to attract the best offers for your valuable property. Call me for a no-obligation evaluation, and a listing presentation.

 

Contact me through Email or on phone (408)861-8026 or through the handy contact form on this page.

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Cupertino Real Estate - Recent Home Sales, Latest Market Trends

Cupertino Real Estate Market Continues Hot Trends Into Summer 2013

Last updated : July, 2013 

A Newer Blog Entry on Cupertino Trends is HERE.
Note: Want to be notified of updates? Subscribe to this blog by entering your email on the Subscribe box on the right.

The Cupertino Real Estate market trends continue to show competitive bidding conditions and homes going way over asking prices, as we move into Summer of 2013.   In the month of May 2013, home buyers competitively bid for properties in the market as has been the case since the beginning of the year although the inventories have opened up quite a bit. Do you wonder why Cupertino real estate market is so crazy, and why do buyers compete so hard for Cupertino properties? Here's a very good reason - Buyers come to Cupertino mainly for its uniformly high-quality schools ranging from elementary to high schools. Buying a home in Cupertino enables families to stay for many years till the kids graduate out of school. In addition, the access to most Silicon Valley employers, and amenities is very attractive.

Cupertino Single Family Homes Recent Real Estate Trends 

Refer to the chart below for Jan - June 2013 data, and it tells you a story (click to enlarge): 

Cupertino Real Estate Market -Single Family Homes 

Average Days To Sell, and Sale Price To List Price Ratio

Jan - June 2013

After a few select Single Family Homes in Cupertino stayed a little longer in February 2013, while most others sold in very few days after listing, the Average Days To Sell number was higher in February at 27. Since then, Single Family Homes have been selling briskly with heavy competitive bidding and selling within days such that the Average Days To Sell had come down to just 11 days in May 2013. In June 2013, the trend continued albeit pushing up the number of days in market to 15 days.

The Cupertino Real Estate Market Trend Chart above shows interesting trend lines ( see the blue line for Sales Price Over List Price Ratio  and the Red Bar Chart for Average Days To Sell). The competition for houses among buyers is so strong that many Cupertino home sales over the last 3 months (April, May and June) were at unbelievably significant premiums over the list prices.  In some cases, it was not uncommon to find homes going $100k to $200k over list prices. The Average Sales Price over List Price ratio jumped to 108.8% in April 2013, 107.4% in May 2013 and 111% in June 2013.

Cupertino Townhomes and Condos Real Estate Trends 

Take a look at the chart below for real estate trends in Cupertino for Townhomes and Condos. (Click to enlarge)

Cupertino Real Estate Market - Townhomes and Condominiums 

Average Days To Sell, and Sale Price To List Price Ratio

Jan - June 2013

In the case of Townhomes and Condominiums in Cupertino, the demand has been stupendously high with even more competitive bidding happening over the last few months. In the chart above, the Average Days To Sell is the Red Bar Chart while the Average Sales Price To List Price Ratio is reflected in the Blue Line Chart.  As you can see, Townhomes and Condos sold extremely fast in June 2013 with the average duration of just 6 days after touching highs of 23 days in March, 14 days in April and 9 days in May 2013. The trend with respect to pricing is clearly visible in that the Cupertino Townhomes and Condos are selling at an average of 109.6% over list price in June 2013, similar to May 2013.  In earlier months, the Average Sale Price Over List Price was well over List Price ranging from 103.4% in January to 109.4% in Feb, falling to 108. 1% in March and to 106.7% in April before taking its upward journey again in May 2013.

Cupertino Real Estate Market Inventory Trends

Single Family Home Active + Pending inventories in Cupertino have been steadily improving over the last few months. The May 2013 Active + Pending Inventory at 54 represented a 58% jump in inventory from the January number of 34.


In the case of Townhomes and Condos in Cupertino, there is a pronounced shortage of Active + Pending Inventories although the situation has somewhat improved. As of May 2013, only 16 active homes were in the Cupertino market representing a jump of 50% from the January 2013 number of 8.


Source for data: MLS Listings - data considered reliable but not guaranteed to be accurate as more incoming updates can change source data. 

Looking for Cupertino Real Estate Area Recent Home Sales?

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Cupertino Real Estate Market Outlook 

As Summer moves forward, one can expect the Cupertino Real Estate market to continue seeing growing buyer demand due to schools closing and people more willing to move. Added to that the still low interest rates (although they have crept up a quite a bit over last couple of months) keeps the buyers coming in. Although inventories have improved, with such high premiums over List Prices, there is hope that more homeowners who are getting ready to sell will turn into actual sellers in order to cash in on the great opportunity to maximize their return on investment. 

With economy continuing to expand and banks funding mortgages more readily, the Cupertino real estate market with its great schools will tend to always see brisk demand for houses on sale during the buying season over Summer 2013. We hope that more inventory comes into the market to ease the situation for buyers.  

Thinking of Selling? Call Me Today!

Wondering what your home is worth?

Receive a free, no-obligation market price evaluation of your home.

From Realtor Ranjana.

Click Here or Please call (408) 861-8026

Latest Cupertino Listings / Cupertino Homes on Sale

Want to tour any of these homes? Call me at (408)861-8026 to set up a time.

Author Ranjana Shreedhar, Realtor

408-861-8026

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Cupertino Real Estate Market Gets Hot

Cupertino Real Estate Market Analysis for first half of  2012

For latest Cupertino trends, please go to this page.

For latest Cupertino trends, please read and bookmark this page


Cupertino's real estate market is showing a tremendous trend in both Sale Price To List Price Ratio and Average Days On Market number as seen in the chart above for Single-Family Residences and Townhomes+Condos.

From an average high of 85 Days On Market in February 2012, the number has come down to just 15 days in May 2012 and just 19 days in June 2012. The Average Sale Price was approximately 96% of the Average List Price in January 2012. That ratio has moved up to 103.8% of List Price as of May 2012 and 103.9% in June 2012. 

This represents a high demand recovery trend in that there is very good demand for houses with many buyers out in the market, and this is combined with very low inventory of houses on sale.

Homes Sold Versus New Homes on Sale Trend

Another statistic of interest is the Homes Sold trend in Cupertino versus the New Homes on Sale trend. As you see in the chart below, while May 2012 was a month where Homes Sold number at 56 went beyond the number of New Listings in Cupertino at 52, the month of June 2012 has somewhat compensated with inventory levels going back a bit to 62 but still higher than April and prior months. Most homes sold very quickly in the past two months. 

  

Cupertino Home Sales Quick Statistics (April - June 2012)

Here are some interesting statistics on the recent sales in last 90 days for a quick look in terms of Single Family Homes and Townhomes+Condominiums.  With an average of slightly over 1 home per day, the Cupertino real estate market has been really popular with buyers.

As the economy improves, and more companies hire around Silicon Valley, the real estate market here, and overall in Silicon Valley, is expected to continue this momentum over the summer of 2012.

Great time to sell 

A high demand market is a very good time to sell. As the stats above show, the Cupertino  area demand for housing is very high, and selling your home during a high demand period should yield you very good offers.

Turnaround market presents opportunity to invest

With the improving economy, Silicon Valley real estate market is on a turnaround moving up from its lows. Purchasing your dream home is a long-term financial decision, and doing so during a turnaround with historically low interest rates can be a great decision lasting many years.

Real Estate investors typically invest during turnarounds as they see it as once-in-a-lifetime opportunity especially given the housing collapse of the last few years.

Should You Buy Now or Wait

Remember you are not just buying a house but also investing in a neighborhood. The better the neighborhood, the better your long term resale value. And better neighborhoods always have a premium associated with them due to constant demand such as in Cupertino. If you find a home that is the best among the houses you have seen, within your budget and wont break your bank, in a great neighborhood, and meets most if not all your real estate buying goals, go for an offer, as such an opportunity may not present itself back again for a while. Its a decision you have to make going between waiting it out to exercising the option to put in an offer and see if it will make it. While it is also possible that markets could cool off a bit with more supply the probability appears to be low, given that this is a turnaround situation with improving economy, growth of new and old tech giants and population growth. A hot market like Cupertino will take a while to cool off if at all - barring insane growth in home prices making it unaffordable to the majority, in which case, there is sure to be a cool off in demand. At an average of 103.9% of List price in June, this premium is well within limits although there may be some outliers in that some houses may have gone for more than that. In multiple offer situations, many times more than the offer, its the quality of the offer that matters to sellers.  So making a reasonable offer is a good idea. So keep a watch on the trends and speak with me as often as you can to help you get to your goal of owning your home.

Author Ranjana Shreedhar, Realtor:

If you are planning to Sell your house, learn how to make the most for your house in this market and to attract the best offers for your valuable property. Call me for a no-obligation evaluation, and a listing presentation at 408-861-8026.

My goal is to make the sale of your home smooth, successful, and worry-free, with my core marketing skills, integrity, and exceptional service! 

If you are in the market to buy your dream home, learn how I can help you find your dream home, and be there for you throughout the purchase process. My goal is to make you a happy and proud homeowner.

If you or any of your friends are in the market to sell or buy a home in the Bay Area, I'd be delighted to help you or your friends, as the case may be, achieve your real estate goals with exceptional service, high integrity, and market savvy. 

Contact me through Email or on phone (408)861-8026 or through the handy contact form on this page.

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