Homebuyer2009, Home Buyer in 94086

Thoughts on the price and location of 18860 NEWSOM Ave, Cupertino, CA

Asked by Homebuyer2009, 94086 Sun Jan 25, 2009

What are your thoughts about the price and location of 18860 NEWSOM Ave, Cupertino, CA. There are a couple other properties in that area. There was a lot of traffic at this property today but are the pricing coming down in this particular area? I do have a realtor but would like to hear what others have to say about this.

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Dear Jack,
There are 4 properties currently available on Newson itself, 18860 being the most expensive one. Yes pricing has come down a bit in this area, as 2 out of the 4 have had reductions in price. It is a nice large home.....but, what are your PERSONAL needs for the price of a home that YOU are willing to pay?? There are so many many criterias, unique to each family and person. Since you have a Realtor, ask her/him to guide you through the entire home buying process by sittind down and fully understanding what you and your family needs, and then show you appropriate properties. What is good for you may not be so for someone else! Work with your Realtor closely, its a trust relationship, and they should do good by you!
Wishing you the Best for your home and future!
Regards,
Nina Daruwalla
Realtor - Coldwell Banker, Stevens Creek - Cupertino
A Public Safety Commissioner with the City of Cupertino.
0 votes Thank Flag Link Sun Jan 25, 2009
That home is in the Rancho Riconada neighborhood of Cupertino. This is the most affordable neighborhood in all of Cupertino. Therefore it has become very common to buy a property there with the intention of tearing the structure down to build a new home. As is the case here with 18990 Newsom Ave.

Pricing is very subjective and I have my opinions. I will not comment on the price of the home or whether I feel the prices will come down.

I do feel however, that one should be able to obtain a better value for $1.4M elsewhere in Cupertino. The main considerations of this particular property is the corner lot location and backing up to Bollinger. These are big factors in the value. Also the home's decore is starting to become out dated, and will require some investment to update it to today's standards.
0 votes Thank Flag Link Sun Jan 25, 2009
Hi Jack, a Comparative Market Analysis (CMA) gives you the best representation of market value, activity, and price trend direction - for the specific property details you search on.

DO NOT rely on median and average-based statistics, these measures are meaningless for targeted selling/purchasing as they have no regard for any of the specifics your property may have and can be skewed by segments of market activity not matching your individual situation.

Request a CMA from your Realtor so you have something to compare with.

Best, Steve
0 votes Thank Flag Link Sun Jan 25, 2009
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