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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Santa Clara Real Estate at Year End (2010)

Small Single-family home
Image via Wikipedia

The number of active single family homes in Santa Clara is 94, pending sales in the last 30 days were 41 and closed sales in December were 41. Santa Clara inventory is up 284% since last year. Pending sales are up slightly over last year while closed sales are down about 20% over the same period.

The price range for the active homes ranged from $299,000-$1,450,000. The median list price is $588,000. The listing price range for the pending sales is $250,000-$799,000.

The number of townhomes/condos on the market is 87, with pending sales for the last 30 days at 26 and closed sales in December were 23. The numbers are remaining fairly steady.

As of December 31st, in Santa Clara County the inventory for active listings of single family homes was 2187 and condo/townhomes is 1107. Totaling 3294 for both. Although the inventory continued to reduce from mid-September, there is a 41% increase in single family homes on the market over last year and 85% more condo/townhomes. The later has been plaqued by a number of issues which do not seem to be correcting in the near future.

The number of homes and townhome/condos that went into contract over the last 30 days was 1359 (single family – 966, condo/townhome – 393). These numbers are about 13% higher than last year which is good news.

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Where’s are the REO title insurance companies located?

Just like “Where’s Waldo?” I have to ask “Where are the REO title insurance companies located?”

I have found routinely the title insurance/ escrow companies for REO/bank owned properties are located in another county from the property.  Baring that fact in mind they often do not know what are customary closing costs for our county.  So I need to be really on the ball to confirm all costs on the buyer’s net sheet.

They also use notary signing services.  One just sent out a mobile signing service to sign off my buyer.  The file was documents the buyer was not familiar with and of course, the loan documents spelling out the terms she will be bound to for 30 years!  The notary signing service representative we were given on the last sale was nothing more than a paper pushing machine. He would the supply the next sheet as quickly as my client could sign. I was constantly slowing him down so I could explain to my client what she was signing. I had to back track to the note for the loan to go over the buyer’s terms of the loan while the notary kept looking at his watch. I think he was probably one of only a few who are like that but I know have attention on who is used for my next sign off.

If you want good client representation give me a call.

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Campbell fairing well

water tower, Downtown Campbell, California, Oc...
Image by //ichael Patric|{ via Flickr

Campbell is fairing quite well compared to other areas where the inventory is spiking up and pending sales have reduced significantly. The number of active single family homes is 78 (this is down from last month). The pending sales in the last 30 days are 38 and the number of closed sales was 23 June. Continue reading

How do you spell extravagance?

Check out this mansion with 23 bathrooms.   

For sale:

$75 million handyman’s dream.

 

A cool $150 Million price tag if completed.  What was the final  OMG was the property taxes that were quoted – Taxes alone on the property, if sold at $100 million, would be around $1.45 million annually.

I obviously do not get the appeal of a 90,000 sf home with 10 kitchens.  But I guess you can call me old fashioned. 

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Sunnyvale sales are continuing to do well

SUNNYVALE, CA - JANUARY 22:  The Yahoo logo is...
Image by Getty Images via @daylife

The number of active single family homes in Sunnyvale, CA is 114, pending sales in the last 30 days were 84 and closed sales in May were 81 and 43 thus far in June (as of 6/18). Listings are staying steady and closings are up. This is a good indicator for this area.

The price range for the active homes ranged from $349,900-$1,499,950. The median list price is $798,000. The listing price range for the pending sales is $299,000-$1,625,000. Continue reading

Bravo to cash buyers

Cash Money

Last week we were taking offers on a short sale of a triplex in Richmond.  The amazing point was not really that there were 19 offers after 1 week or that it sold for way above what it listed for but that almost 2/3 of all the listings were coming from CASH buyers. 

Needless to say we accepted the cash offer.

I really want to commend those buyers with cash!  It is not an easy feat to amasse cash to the tune of hundreds of thousands of dollars.  That saving style is a successful action.

Bravo!

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