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!
Realtor - Coldwell Banker, Stevens Creek - Cupertino
A Public Safety Commissioner with the City of Cupertino.
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.
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.