Price always plays a role in how quickly a home will sell and as mentioned below some additional information is needed (schools, condition, location amenities, etc.) to give you a more accurate picture of how well your townhome will sell. However, all properties in Santa Clara County are selling at a much slower rate. Here is a Santa Clara County (SCC) statistic that you may find helpful. As of November 28, 2008, a condo/townhome under the $600k price range In SCC remained on the market for an average of 92 days and over the price of $600k remained on the market for an average of 71 days. This compares to roughly an average of 40 days a year ago. Clearly, the numbers show that homes are selling at a slower pace. The good news is they are still selling and how your home will fit within that average will depend upon the information that is unknown to the real estate professionals trying to offer you input.
Please feel free to contact me (April@AprilTavares.com) if I can assist in some way.
To your success!
I have a Couple looking in that area for a TH or Condo.
Check out my website, I live and work off Homestead Road in Cupertino, and am also a Public Safety Commissioner for the City. Call me for an obligation free Comparable Market Analysis of the property, and to discuss strategies for a Marketing and Seling this home.
Wishing you and your friend well,
Real Estate Broker
If you have any further questions, please feel free to contact me.
As of the end of October, there is a 4.2 month inventory for condos in the 94087 zip code. If you wish, I can send you the comprehensive market data.
The previous comment was correct as well â€“ price, condition and marketing are the three hinge pins for a successful sale. In the current market, price is 80% of the solution.
Please check out the following blogs for more information:
Let me know if youâ€™d like more information!
and this is not the time for parents to change school.
From 9/5/08 through 12/5/08 seven units were SOLD. It took them anywhere from 13 days to 109 days(2 year old) to sell. As for these 7 contenders some have been on the market from 2+ weeks to 3+ months.
Since late October this year I was two blocks away in CU selling a 2++, 2+ ba for 2 months. Homestead, Cupertino and Nimitz schools. I can share my experience if you contact me. I am a Cupertino specialist with an office 1 mile away on De Anza Blvd. (408) 425-1601 Sam Shueh
Not sure if anyone can accurately answer this question but the reality is the current maket is tough and buyers are looking for deals. If you can't price your home competitively with "short sales" and "foreclosures" your chances of success deminish.
If priced right the chances for success are increased greatly.
Our recommendation is to meet with a real estate professional that can create a plan and a direction for your friend.
It should sell fairly quickly if it is marketed correctly. In general, it needs to be clean, staged, priced correctly given our market and the seller needs to be realistic about our market. The recent drop in the stock market should not have to profound affect on this unit but rather the mindset of potential buyers. The market for this unit will be a renter who wants to own.
The Holy Trinity of a quick sales are as follows:
1. Priced a hair under the market in a declining market (and be prepared to move the price ahead of the market, not behind it)
2. Properly prepared - well staged, totally cleaned, properly prepped, etc.
3. Well marketed by a Realtor who has a full-blown Internet Marketing Plan
If all three are in place, you can actually expect a quick sale in Sunnyvale.