Home Selling in 94087>Question Details

Bakedclam, Home Buyer in Sunnyvale, CA

How long would it take to sell a 2 bed/1.5 bath townhouse in Sunnyvale (94087 zip code near cupertino)?

Asked by Bakedclam, Sunnyvale, CA Mon Dec 1, 2008

A friend has recently been laid off and is thinking of selling the home and moving out of the bay area.

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Answers

11
You might take a look at these trends and sales for the 94087 area. They are based on the county records and seem to suggest that it might be a very good time to try and sell if he thinks prices are going to decline any further.

http://www.bhgrealestate.com/Views/Look/Default.aspx

Good Luck
1 vote Thank Flag Link Fri Dec 5, 2008
Hi,

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!
April
1 vote Thank Flag Link Tue Dec 2, 2008
In 94087 things sell pretty well. If you have the LOCATION, which it does, specially if it has West Valley Elementary area? then it should sell well. Does it have Cupertino schools? that will make a difference too. In this market, no matter how good the property or the location, homes are taking a little longer to sell on the market as buyers are wary of job losses and the volatality of the market in general. I live in the neighborhood, and work within the community. The PRICING of the property is the most important factor - priced to sell, or priced to sit on the market. One has to be realistic in these times!
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,
Nina Daruwalla
1 vote Thank Flag Link Mon Dec 1, 2008
Its all about the price. You could sell it tomorrow if priced low enough. Most likely though you want to get a fair price. If you want to email me the details and complex property is in, I can give you a more specific price and time range. I'd be happy to set a time to view the property and give a free estimate of what it would take to get it sold, for what price etc.

Glen Mitchell
Real Estate Broker
glenmitchell@remax.net
408-497-1838
1 vote Thank Flag Link Mon Dec 1, 2008
It could sell quickly if the townhouse is in good condition, in a good neighborhood and if priced correctly. The pricing is the major factor in selling a property. Right now it does take a little longer to sell than it used to. The buyers are weary of all the bad news and are holding off even though we have very low interest rates (historic low). We will see a change in this probably in late spring. By then the market should pick up but nobody knows for sure if we will have the same low interest rates available at that time.

If you have any further questions, please feel free to contact me.

Best Regards,

Ulli
ulli@cashin.com
http://www.HomesByUlli.com

650.469.7339 direct
408.679.0333 cell
1 vote Thank Flag Link Mon Dec 1, 2008
Bakedclam:

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 – 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:

http://www.trulia.com/blog/carl_medford/2008/11/price_it_rig…

http://www.trulia.com/blog/carl_medford/2008/11/price_it_rig…

Let me know if you’d like more information!

carl@carlmedford.com
Web Reference: http://www.carlmedford.com
1 vote Thank Flag Link Mon Dec 1, 2008
In this market your home got to stand out compared to 17 other units on the market. People expect a lot
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
0 votes Thank Flag Link Tue Dec 9, 2008
Bake,

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.
0 votes Thank Flag Link Fri Dec 5, 2008
Bakeclam,

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.
0 votes Thank Flag Link Thu Dec 4, 2008
Bakedclam:

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

See http://www.trulia.com/blog/carl_medford/2008/12/the_new_real…

If all three are in place, you can actually expect a quick sale in Sunnyvale.

carl@carlmedford.com
Web Reference: http://www.carlmedford.com
0 votes Thank Flag Link Tue Dec 2, 2008
It will sell very quickly if the price is right. Priced incorrectly, it might never sell. This is probably a pretty good time to sell in Sunnyvale, many expect the prices to fall off in the area and not rebound for several years.
0 votes Thank Flag Link Mon Dec 1, 2008
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