Thank you for your question, Nabeel:
That property was listed for rent on a 1 year lease on January 27, 2012, That property was rented 9 days later on February 6, 2012.
Currently, here in the Silicon Valley, we have a very active market for both rental properties and properties for sale.
There are far more people who want to rent or own a home than there are homes available for rent or for sale.
Anything that is decent and priced near market value is under contract in a matter of days.
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: email@example.com