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

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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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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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Sunnyvale's Old Orchard Neighborhood Home Sales Trends

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. 

Homes in Sunnyvale, CA's Old Orchard, Cherry Chase and broader 94087 areas have been consistently selling over list price. Recent sales in the area have shown continued great demand from buyers given the low interest environment. Clients often ask me how long demand and sales over list price trends will continue. 

The answer is with the Feds. The January 2014 Federal Open Market Committee meeting minutes showed the Fed’s commitment to tapering easy money policy by $10 billion each month. They also mentioned that the first Fed rate hike might be possible towards middle of 2015 if economy continues to grow. The markets would discount this possibility much earlier. With higher interest rates, a large number of buyers will lower their target price range.
Sustained demand in our neighborhoods is expected to continue as long as interest rates stay low. For Sellers, the big advantage right now is that there are not many homes on the market and hence, could fetch handsome gains.  A Golden Opportunity you don't want to miss! 

And if you are concerned about trading up to buy another home, I specialize in move-up buyers as well to get you your next dream home leveraging my industry contacts.

Now let's take a look at the trends. The graphic below shows you what List Price range attracts the most extra dollars in the Sale Price. The $1 million to $1.2 million range attracted the most over the last 6 months going back from Jan 2014 to Aug 2013. The rest of the ranges show interesting fact that upto $1.6 million range, most homes sell over the list price. Note these are averages and your milage may vary. 

Sunnyvale Old Orchard Neighborhood Price Per Sq Ft by List Price Range (Avg six months)

The Trend below shows the price per square feet in the Old Orchard neighborhood. Over the last couple of years, the price per sq ft average has jumped from around the low $500s to above $700 per sq ft indicating a very hotly in-demand location due to its closeness to all amenities and top Silicon Valley employers such as Google, Facebook, Apple, LinkedIn and many more. 

Sunnyvale Old Orchard Neighborhood Price Per Sq Ft Trend 

Here are the most recent home sales in Sunnyvale's Old Orchard neighborhood. A cursory glance shows you how hot the market it in this neighborhood.

Sunnyvale Old Orchard Neighborhood Recent Home Sales

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

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Sunnyvale 94087 Real Estate Trends : Why Now Is the Time To Sell Your Home

Why Now Is A Unique Time To Sell in Sunnyvale 94087

Last Updated : May 2013

The housing inventory all over Santa Clara County was close to the lowest in the County’s recent history with January 2013 seeing just 852 homes on sale. The county had lowest number of listings in early 2000 with just 692 homes on sale. The inventory situation situation has steadily improved with more homes coming into the market given the rapid surge in demand and home prices.  Sunnyvale’s 94087 zip code area is no exception. This is a hotly sought-after neighborhood and all categories of homes sell well within days as long as these are attractively and appropriately priced. 

Sunnyvale 94087 real estate market area shows a trend favoring Home Sellers

Is This Your Opportunity To Sell?

I present above, the trend lines of two very interesting pieces of data averages: Active Inventory + Pending Sales, and Price Per Sq. Ft. These two datasets represent the supply and demand side, respectively, and reflect the impact of one on another on average.

From 2010 to 2011, the Price Per Sq Ft trend line for Single Family Homes responded only slightly to a bigger change in Active Inventory trend line. This was largely attributable to the state of the local economy, the housing situation with large number of foreclosures, and sluggish growth in the local job market.  

In 2012, the local economic recovery gained steam and led to job growth, business growth, and a rapid revival in housing demand. Low interest rates brought hordes of buyers back into the market. Foreclosure inventories dwindled down to a trickle.  

For the first time in 3 years, the price per sq ft trend reacted sharply to the lack of supply, and huge pent up demand from buyers in 2012.  Refer to the chart from Jan 2012 to Dec 2012. Sunnyvale’s 94087 areas saw a rapid climb in per sq ft price (red line) on average as inventory took a nosedive indicating a return of the price elasticity of demand with stronger correlations.  As year 2013 moved on to May '13, we see the trend continuing to around $707 per sq ft compared to $691 in Dec '12 and $624 in Jan '13. The  May '13 Price per Sq ft number is same as April while there is higher inventory now with 64 active/pending listings in May 2013, compared to just around 25 active/pending listings in Dec 2012.  The demand for homes on sale is relatively higher in the part of Sunnyvale 94087 area where the schools are part of the Cupertino Schools.  Nearby areas where top Sunnyvale schools such as Cherry Chase and Cumberland schools are located also saw rapid relative Per Sq Ft Price increases from their prior levels. 

This is a time when homeowners who have hitherto been waiting for the right time should recognize the potential for gains in a market seeing short supply of homes and high demand.  

What could dampen this trend?

The current situation appears to have over heated the market and may possibly not stay for long as rapid & steep price rises are never long lasting.  All it requires is a catalyst such as a tapering of the Quantitative Easing Policy of the Federal Reserve, leading to rapid rise in interest rates (which have been creeping up a lot these days), thereby pricing out some of the marginal competitive buyers from the market leading to a fall in the crazy demand and eventually some softening of the prices if not a fall.

Homeowners waiting to sell thus far will put their homes on sale in coming months, given the high per sq. ft. prices, thus leading to better supply and more choices for buyers. As supply meets demand, or as interest rates move up, we can expect to see prices getting back to an equilibrium level. 

If you are thinking of selling your Sunnyvale home, 

NOW is that great opportunity!

Please give Realtor Ranjana a call at 

(408) 861-8026 

for a free home market evaluation.

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Sunnyvale Real Estate 94087 - Recent Home Sales, Latest Market Trends

Sunnyvale 94087 Real Estate Market In Hot Demand

Last updated: May 30 2013 - Want to be notified of updates? Subscribe to this blog by entering your email on the Subscribe box. 

Single Family Homes are in great demand

Sunnyvale's 94087 Real Estate Market:  Average Days On Market (DOM) And Sales Price To List Price Ratio for Single Family Homes

Sunnyvale's 94087 real estate market in May 2013 is looking as hot as prior months in that the demand trend shows that buyers are very competitively bidding up limited properties although the number of properties available has gone up somewhat. In the above chart, the red bars show the Average Days on Market (DOM) for single family homes in the Sunnyvale 94087 Real Estate area. In May 2013, houses stayed on market for an average of only 10 days in this area. In prior months, the number was only slightly higher.  Clearly, this area has some exemplary demand that is yet to be satiated. 

Sunnyvale's 94087 real estate area inventory is still fairly low with few houses coming on sale in May - there were only 64 Active  +  Pending listings on average in May.  As a result, buyers are still clamoring for the few houses.

Many of the buyers have been putting in offers for months, only to be outbid by other more aggressive offers including all-cash buyers.  Houses are selling at very significant premiums  over List Price.
The demand trend can be extrapolated from the Sales Price Over List Price Ratio in the above chart (the blue line). This ratio is at 113% over list price in February 2013 which means that houses are going at significantly higher premiums (13% in May '13) over List price.

How did Sunnyvale 94087 Zip Code Area Townhomes and Condos perform? 

Sunnyvale's 94087 Real Estate Market:  Average Days On Market (DOM) And Sales Price To List Price Ratio for Townhomes and Condos

Following a similar trend as the Single Family Homes, the sales of Townhomes and Condominium units also exhibit a hot demand trajectory.  In the above chart, the red bars represent the Days on Market numbers for each month. In May 2013, Townhomes and Condos were on real estate market for just around 13 days on average while in prior months they were in the market for even lesser number of days. The March 2013 Days on Market number is somewhat anomalous as the 29 days seems abnormal and may have been contributed by an outlier or a mistake.

The Sales Price to List Price Ratio (blue line in the chart) reflects the hot demand in this segment of the market. In May 2013, Townhomes and Condominiums sold on average 10.10% above list price while in prior months they sold slightly lower or much higher ( refer to the values reflected in the blue line chart for prior months). Clearly the days of real estate selling for less than list price are long gone.

Important message for Sunnyvale 94087 homeowners :

This is an absolutely fantastic time to sell your home given the very limited inventory and high demand. But interest rates have moved up rapidly - in just a month. This may move buyers off market or bring down demand. 

Call me for a free evaluation of your home and get the benefits of the current hot market with a quick sale. Call (408) 861-8026

Want to see Sunnyvale 94087 Real Estate Area Recent Home Sales?

Just Give Me A Call At (408) 861-8026
OR

Email Me!
I will be very happy to help.

Why is Sunnyvale, particularly 94087, real estate area preferred by Buyers?

Sunnyvale's 94087 area has great schools, amenities, public safety, top Silicon Valley employers, and freeways all of which are very desirable features that buyers look for.

Another factor that plays into this market and overall Sunnyvale is the fact that Apple has started construction of its new Sunnyvale office in the erstwhile post-office location. Apple has taken 1.06 million square feet of Sunnyvale space since January 2011. Here are some  of Sunnyvale locations Apple has acquired:*

• 156,000-square-foot office building at South Mathilda and West McKinley avenues in the Sunnyvale Town Center.
• 224,000 square feet in the Sunnyvale Research Center on East Arques Avenue.
• 108,712 square feet at a two-building campus owned by Peery-Arrillaga on 975 and 995 Benecia Ave.

* Source: Silicon Valley Business Journal

In addition to Apple's entry into Sunnyvale, Google will soon be moving into their new leased office near Mathilda and Moffet Field lending more attractiveness to Sunnyvale overall but particularly the localities with good schools which the 94087 zip code area has. The demand in this area is also a spill over effect from Cupertino where prices are at much higher levels and hence families looking to get into good school areas, tend to look in this area as an alternative.

Thinking of Selling Your Home? 

I'd Love To Talk To You!

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

Get Started Here or
Please Call (408) 861-8026

Author: Realtor Ranjana Shreedhar (408) 861-8026

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Sunnyvale's 94087 Real Estate Zip Code Area Sees Hot Housing Demand

To get the latest trends and recent home sales, please visit and bookmark this page.

Sunnyvale Real Estate Market Analysis (94087 Zip Code)

Sunnyvale's 94087 Zip Code area is showing a tremendous boost in both Sale Price To List Price Ratio and Average Days On Market number as seen in the chart above for Single Family Homes. While May 2012 was a super hot month for this area, June is no less with average Days a home sits in market to sell is at 21 days - a very good number indicating healthy balance of demand and supply.  From an average of 50 Days On Market in January 2012, the number came down to just 13 days in May 2012 and is up now at 21 in June 2012. 

The Average Sale Price was approximately 98% of the Average List Price in January 2012. That ratio moved up to 106.2% of List Price as of May, 2012 and while this brought about many multiple offer sales in the area, the numbers for June 2012 at around 105% indicate only a slight cooling from the overheated situation of May. But it is by no means a slow down as buyers are aplenty while inventory is hard to come by.

Homes Sold versus New Home For Sale Listings

To get the latest trends and recent home sales, please bookmark this page. 

See the graphic below for a good idea of the rate of New Listings compared to the number of Sold Listings.

As you can see above, the month of June has the number of Homes Sold at 41, above the number of New Homes For Sale Listings which is at 38 in Sunnyvale. This is the first month where we see the rate of closed sales higher than the new listings. In the past months, new listings kept up a stead pace but with buyer clamoring for homes in this hot neighborhood, the sales have been outpacing new listings.

Sunnyvale Real Estate (94087) Recent Homes Sold Quick Statistics

Here's an interesting set of statistics on the recent (April - June 2012) home sales statistics in Sunnyvale's 94087 zip area.

  
As the economy improves, and more companies hire around Silicon Valley, including reported moves to Sunnyvale by tech giants Apple and Google, the real estate market here, and overall in Silicon Valley, is expected to continue this momentum over the summer of 2012.

Is this a good time to sell your house?

A high demand market is typically a very good time to sell. If you would like to discuss how to make the most for your house, call me for a no-obligation evaluation, and a listing presentation.  Let me show you how you can take advantage of this market situation to get multiple offers on your property for a smooth, successful sale.

My goal is to make the sale of your home successful, and worry-free for you, using my core online and offline marketing skills, leveraging my network of industry contacts and long list of buyers, and my core values of integrity and exceptional service!

Is this a good time to buy your dream home? 

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 turnaround opportunities as they see it as once-in-a-lifetime opportunity especially given the housing collapse of the last few years.

Please call me at 408-861-8026 to find out how I can help you find your dream home, and help you throughout the purchase process. My goal is to make you a happy and proud homeowner.

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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