The sales that have been over $850k & as high as $950K (for a 3,600sqft home) were on the larger lot sizes of 6,500+sqft.
That is the defining factor I can see for why 2 homes with the close to the same building square footage sold for a $100K difference recently.
Others will be coming on the market in there soon. Owners ARE defaulting on their mortgages.
If you didn't end up going to Mountain View with your job transfer & are interested in Sorrento, shoot me an email. Also, if your price range is up to $1.7M, you may want to consider Rossmoor, there are some AWESOME brand new custom homes that surpass the size of what Sorrento can offer. Up to 5,400sqft.
Let me know if I can help
If you would like to know more about the Cypress Community or Sorrento Homes(they are so beautiful) I would love the opportunity to be of help.
Barbara Robbins-Olexa, Broker, e-Pro Internet Certified, SRES(R)
L B Brokerage
In the past six months, there have been nine closed sales for an average price of $871,555 ($286.85/ sq ft.). There are currently two active listings at $920,000 and $970,000 and three houses in escrow. There has also been once canceled listing.
This is a very sought-after housing edition with higher home prices than the surrounding neighborhoods. How can I be of service to you in your home search? Just give me a call or drop me an email and let's get started finding your new home.