Sunnyvale has a bright future

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I wanted to start with the condo/townhome properties in Sunnyvale.  The stats are really impressive.  The number of condos/townhomes on the market is only 17, with pending sales for the last 30 days at 33 and closed sales in February were 21. From last year the active listings are down 72% and closed sales are up 30%!  These are great statistics.

The number of active single family homes is 40, pending sales in the last 30 days were 53. Closed sales in February were 36. Active listing are down 54% from last year. Closed sales are up 17% over the same time..

The price range for the active homes ranged from $279,000-$1,498,000. The median list price is $798,000. The listing price range for the pending sales is $312,000-$1,380,000.

As of February 29, 2012 active listings in Santa Clara County are a scant 1891, of that the single family homes were 1456 and condo/townhomes were 435. These numbers were down 45% from last year’s figure!

The number of homes and townhome/condos that went into contract over the last 30 days was 1756 (single family – 1219, condo/townhome – 537). This figure was just slightly more than last year.

The number of closed sales in February were 940 (661 were single family homes and 279 were condo/ townhomes). The closed sales were up 4% compared to last year!

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!

Pat Chadwell, broker
Realty World – Residential Specialists
408-927-6565 x 11
www.patchadwell.com

CRS, SRES, CDPE, CIAS, ePro, SFR

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