Hi Sapna,

As of today, there are 29 condos/townhomes with 2 or more bedrooms for sale in Cupertino. They start at $499,950 and go up to $915,000.

When you buy this year, you will qualify for the $8,000 tax credit. This tax credit is only applicable this year.

We have seen a big increase in sales in the lower price ranges of up to $650,000 with many multiple offers on well priced properties. Many potential buyers have noticed that interest has been steadily going up since the beginning of the year. Interest went from a very, very low of 4.5% (for the most qualified buyer) to 5.25% at present. Also the FHA loans are having such tremendous increase, from 2% in 2006 to 30% in 2009 that sooner or later the government will have to tighten the loan requirements, which will make it more difficult for first time home buyers.

So in short, it is a good time to buy now. Don't wait for too long. Inventory is still good, but it is getting lower and fewer properties are coming on the market.

Please feel free to contact me if you have any other questions or conserns.

Best regards,

Ulli

Ulli Rieckmann-Fechner
Cashin Company Realtors
496 First Street, Suite 100
Los Altos, CA 94022

ulli@cashin.com
408.679.0333

Sapna,
Get on my website register I will give/send you the listing right away.
Thanks

Sam