Sunnyvale Real Estate Holding Even

The number of active single family homes in Sunnyvale is 78, pending sales in the last 30 days were 49 and closed sales in January were 32. Out of the 9 areas that I report on Sunnyvale is running about even in all areas. This is really good news.

The price range for the active homes ranged from $349,000-$1,299,000. The median list price is $759,800.

The listing price range for the pending sales is $299,000-$1,250,000.

The number of condos/townhomes on the market is 62, with pending sales for the last 30 days at 27 and closed sales in January were 26. In the area of pending and closed sales Sunnyvale has had stellar statistics.

As of January 31st, in Santa Clara County the inventory for active listings of single family homes was 2283 and condo/townhomes is 1113. Totaling 3396 for both. Although the inventory continued to reduce from mid-September, there is a 26% increase in single family homes on the market over last year and 49% more condo/townhomes. These differences year over year are improving though.

The number of homes and townhome/condos that went into contract over the last 30 days was 1640 (single family – 1124, condo/townhome – 516). These numbers are about 33% higher than last year which is great news. The area of the biggest improvement was the condo/townhome sales.

The number of closed sales in January were 839 (626 were single family homes and 213 were condo/townhomes). The closed sales of single family homes was up 10% and the condo/townhomes almost even with last year sales.

To see Real Estate Market conditions for all 9 areas that I report on – click http://realtytimes.com/rtmcrmember/patdulleck 

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