The Sunnyvale is actually served by 3 different school districts - Sunnyvale, Cupertino, and Santa Clara.
Generally most buyers prefer the Cupertino District which generally serves homes along Homestead Rd.
A 3 bedroom 2 bath home in Sunnyvale with Cupertino schools typically sells for $1M to $1.2M.
Please do not hestiate to contact me if you have further questions.
I good site to check is:
for school district data.
There are certain parts of Sunnyvale that would compare to Cupertino. Take a look at the map at http://www.schoolperformancemaps.com and you can decide which neighborhoods are best for schools.
You can verify what the school districts are for any home at the Santa Clara County Assessor's website: http://eservices.sccgov.org/ari/home.do
For elementary shools, Cherry Chase and Cumberland Schools are highly ranked. In general for Sunnyvale, if you buy on the west side of Central Expressway, you get the better schools. Expect to pay $750,000 - $950,000 for a nice home n one of these neighborhoods.
You may also want to consider Mountain View, which has slightly better schools than Sunnyvale. Expect to pay about $100K more for a similar home. But the neighborhoods are nicer, and some Mountain View homes have Los Altos schools.
Please let me know what your price range is, and I can do some research for you.
I thought I would chime in on your original question. Sorry I missed the topic the first time around. =)
Depending on how long you plan to stay in the home, middle schools and high schools will become a factor. In general they are a factor with regard to the rankings of many agents and their clients who are seeking the ultimate in schools for their kids. I'm with Earl on Cherry Chase and Cumberland Elementary Schools. They have the benefit also of feeding to Sunnyvale Middle and Homestead High.
I believe a lot of the market is going to be determined by the bank's liquidity crunch and how the Fed chooses to intervene. There has been a lot of pressure on our markets for the recent round of rate cuts that never made it into consumers' pockets in the form of lower interest rates or relaxed lending. It is tough for some with excellent credit and good ratios to manage qualifying for a loan.
Good luck in your search!