Reported by Pat Chadwell, Broker, ePro, CRS, SRES, Realtor
Updated May 3, 2012.
Current Market Rating: 4
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Current Price Trend: 4
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The number of active single family homes is 42, pending sales in the last 30 days were 58. Closed sales in April were 54. Active listing are down 60% from last year and closed sales are up 50%.
The price range for the active homes ranged from $334,900-$1,749,999. The median list price is $898,000. The listing price range for the pending sales is $308,888-$1,380,000.
The number of condos/townhomes on the market is 17, with pending sales for the last 30 days at 21 and closed sales in April were 27. From last year the active listings are down 63% and closed sales are up 22%.
As of April 30, 2012 active listings in Santa Clara County are a scant 1621, of that the single family homes were 1263 and condo/townhomes were 358. This number is continuing to decline. These numbers were down 55% from last year's figure!
The number of homes and townhome/condos that went into contract over the last 30 days was 1779 (single family - 1318, condo/townhome - 461). This figure was less than last year. However, if we had the inventory we would have sold a lot more homes! Many areas of seeing multiple offers on homes.
The number of closed sales in March were 1368 (987 were single family homes and 381 were condo/ townhomes). The closed sales up 7% over last year. Again, if we had more inventory these numbers would be through the roof!
Understanding your options both in Real Estate and lending is critical now as guidelines have changed making the real estate market fluid. Want to know your options? Call me!
For more information on this local market, call 855-927-6565 or email me at pat@patchadwell.com. Pat Chadwell, Broker, CRS, ePro, SRES, CDPE, CIAS, SFR. I have 28 years helping clients with their Real Estate needs.
ZIP Codes: 94086, 94087, 94089 Location Characteristics: Sunnyvale lies in the heart of Silicon Valley. Residents enjoy Sunnyvale's beautiful, clean suburban setting, efficient, high-quality city services, low crime rate, quality schools and 18 prize-winning parks.
Some of the nation's most successful business are located in Sunnyvale, including AMD, Network Appliance and Yahoo!.
Sunnyvale is located at the crossroads of four of the South Bay's major freeways and expressways. Three international airports are all within easy, direct freeway access. San Francisco International Airport is just 30 miles to the north. San Jose Airport is just 9 miles to the south.
For additional information click here: http://sunnyvale.ca.gov/NR/rdonlyres/66568BF7-4FCA-4F10-99D4-8419912EE281/0/NRG2007.pdf
About Pat Chadwell:
Pat has 28 years experience selling residential real estate, 22 years as a broker. Our professional team is knowledgeable, competent and high tech.
What Clients Say: Your competence and skill in handling situations and knowing how to communicate with people is as impressive as your kindness and reassuring manner.
Your attention to detail, knowledge of the market, and skill in sales made a difference.
Pat’s confidence, knowledge and her ability to communicate well and handle perspective clients was clearly evident.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
