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Market Conditions in Sunnyvale : Real Estate Advice

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  • Local Info33
  • Home Buying195
  • Home Selling23
  • Market Conditions14

Activity 17
Sat Apr 30, 2016
Marcy Moyer answered:
When active sales exceed pending sales by more than a 2/1 ration it is leaning towards a buyer's market. When the ratio is one to one it is a strong seller's market. When it is 1/10 or more it has gone into the ridiculous state. ... more
0 votes 14 answers Share Flag
Fri Dec 20, 2013
Louis Stone-collonge answered:
My dear friend,

To answer that question, we need to know where the property is in order to know the schools are performing.

Some parts of Sunnyvale are have Santa Clara Unified Schools, some have Cupertino Schools and some have Sunnyvale Schools.

It is nearly impossible to talk about Sunnyvale townhomes as a single market. There are three general Sunnyvale markets based on the associated school systems.

I would be happy to chat with you in more detail and share with you the information you need.

Feel free to ring me at your convenience so you can share your information requirements and have me get you the data you require.

Look very much forward to hearing from you.

Most kindly,

Louis Stone-Collonge
Realtor ®
Keller Williams Realty Silicon Valley
~~~~~~~~~~~~~~~~~~~~~~~~
louis@stonecollonge.com
(408) 348-4026 phone
(408) 540-1829 fax

Web: http://www.stonecollonge.com
Blog: http://stonecollonge.typepad.com
Twitter: http://www.twitter.com/stonecollonge
Facebook: http://www.facebook.com/louisrealtor
Yahoo!: stonecollonge

DRE# 01799158
... more
0 votes 5 answers Share Flag
Thu Jan 21, 2010
Glen Mitchell answered:
As of this morning 51 active homes in the 94087 zip code ranging in price from $685998 tp $1,588,888. The lowest priced 3/2 is $749k and although has some upgrades appears to need further work. At $775k there is a 4 bedroom 1683 sq ft home that was just remodeled. If you need a complete list of all the active homes just email me. Thanks, Glen ... more
0 votes 5 answers Share Flag
Sat Aug 16, 2014
The Medford Team answered:
Mickey:

You can ask a Realtor to do a CMA (Comparative Market Analysis) for you - the best Realtor to do this would be the one who sold you the home.
0 votes 5 answers Share Flag
Thu Apr 16, 2009
The Medford Team answered:
Fantastico:

We find that the pool does not diminish price, but it doesn't add anything either - it's a wash. What a pool WILL do, however, is decrease the number of buyers for the home by about 50%. ... more
0 votes 8 answers Share Flag
Tue Feb 24, 2009
Vinicius Brasil answered:
Sat Apr 4, 2009
Arn Cenedella answered:
Hi Jeff:
Excellent questions.
First, be sure you understand the income tax impacts of anything you do.
As a married couple, you will receive $500,000 tax-free gain from the sale of your residence.
Your gain may or may not exceed that amount.
So just be sure you understand what tax if any is due on the sale.
My sense is that you are correct - when the market turns, your property in Sunnyvale will go up more in value than the properties in Amador County. So that might argue for you to wait a while. My sense is maybe 2 years till market turns but that is no more than an educated guess.
I would also imagine the market in Amador County must be VERY SLOW so my sense is that you will be able to make a very good purchase up there NOW. Someone with a lot of cash could probably strike a very good deal.
On another point, I understand the lure of no having no mortgage but consdering your age (you both will probably live another 30 years), it might actually make sense to get a mortgage at today's low rates and keep some of your cash. With inflation on the horizon and many more years life expectancy; you may not want to "pull in the reins" - you may want to keep investing moving forward.
I would get some financial planning advice to help you with this decision.
Bottom line, you are well-positioned financially but it is important you make the right decisions now because they will determine the quality of your life moving forward.
Another option is to buy now and move and perhaps rent Sunnyvale for a few years.
In the final analysis after getting proper financial analysis, I would just follow your emotions and make the move when emotionally the time feels right.
... more
0 votes 10 answers Share Flag
Mon Feb 23, 2009
The Medford Team answered:
Jeff:

I'm not sure what your question actually is, but let me try to answer what I believe you are asking.

If your home is properly prepared, well marketed and priced spot on for the market, you can anticipate selling at or close to the list price. The people who have problems selling in the current market are those who DON’T properly prepare their homes, DON’T hire a Realtor with an extension Internet marketing plan or experience in the current market, and set the price too high at the beginning hoping someone will bite. They won’t.

Have your Realtor prepare an extensive market analysis, and then price your home AHEAD of the market (lower). Do it right, and you will sell fairly quickly (within 30 days). Try to hold out for a higher price and you will sit there for a while, have to reduce your price AFTER the market adjusts and lose more money in the long term than if you’d set the price right at the beginning.

Here are a couple of links that may be helpful:

http://www.trulia.com/blog/carl_medford/2008/12/when_does_a_home_for_sal
http://www.trulia.com/blog/carl_medford/2008/11/price_it_right_or_pay_th
.
... more
0 votes 7 answers Share Flag
Sun Mar 15, 2009
Steven Ornellas answered:
0 votes 10 answers Share Flag
Mon Apr 16, 2012
Ulli Rieckmann-Fechner answered:
Waiting for your area to rebound means that the other areas are also rebounding as well. If you can sell now with a profit why not do it. At least at these prices you can buy into a 'better' zip code. Who knows what will happen next year. By then prices in neighboring areas might have gone up to being not affordable anymore. At the same time interest is still fairly low. We do not know where it will be next year and if it goes up you might not have the income to pay for the higher interest or the buyers that could buy your home now might not qualify later at higher interest rates.

Take care.

Ulli
ulli@cashin.com
408.679.0333
... more
0 votes 6 answers Share Flag
Thu Apr 23, 2009
Ali Moein answered:
Joe,
In understand your dilemma. The problem is due to the fact that desirable areas go up faster in good times and go down slower in bad times. Conversely not so desirable areas go up slower in good times and go down in prices faster in bad times.
The difference in prices will never be as little as it was back in 2002, no matter what what tomorrow holds the gap in prices will always continue to increase. Having said that, you have not missed the boat. You do have some equity in your home and the sooner to step up the more you'll benefit from your move.
What I suggest is for you to talk with a few Realtors, get their ideas and solutions. Once you have a solution you're comfortable with, start working toward achieving your goal.
Hope this helps,
Ali Moein
(408)439-5748
... more
0 votes 13 answers Share Flag
Sat Apr 18, 2009
Realtor answered:
Hi Michelle, that all depends on the condition of the home and the location of the property within the complex, and the location of the complex itself. Also, how much is the HOA fee? Some buyers love the low maintenance yards so a patio may just perfect for some. ... more
0 votes 5 answers Share Flag
Mon May 19, 2008
Ali Moein answered:
Frank,
Over the past thirty years the real estate values in the valley have at least doubled every ten years. I believe this trend will continue.
Right now, since the market is soft is the right time to invest in real estate. You will not go wrong. Please see this link
it shows you some data for the last thirty years. Also note the dollar values for previous years are adjusted for inflation for 2005.
Generally you'd want to purchase a property with high CAP rate, I'd say any property with cap rate of 7 or more is a good purchase. Additionally, the cap rate is not the only factor to be considered, the potential of the property is also important, such as rent increase potential, or vacancy rate or expenses.
Hope this helps.
... more
0 votes 4 answers Share Flag
Thu Apr 16, 2009
Mark Rokovich answered:
now is the time frank call me I have one under 900k on ayala
0 votes 3 answers Share Flag
Sat Jan 26, 2008
Michael Roberts answered:
Hi Leo, With price reductions comes a buyer's market. Some small areas of Sunnyvale have had few sales and those will tend to sustain a better price point. For most of Silicon Valley....It is and will remain a buyer's market for some time to come. I am posting a link to an article you may find interesting too! I wish you good fortune in your hunt!

Michael
http://www.MichaelRobertsHomes.com
... more
0 votes 4 answers Share Flag
Tue Jan 18, 2011
Realtor answered:
Building a home can take as long as up to 1 year. But that depends on many factors. Have you purchased the tear down? Also have you secured a construction loan? Do you have a builder? Please let me know if I can help you. ... more
0 votes 3 answers Share Flag
Tue Mar 11, 2008
Michael Roberts answered:
Hi Betty, If you (your home) are not affected physically this will really help spark new energy into Sunnyvale. Recently, Sunnyvale has suffered a.. no personality...issue. The only truly good reason to buy in Sunnyvale was the short commute times to the Bay Area job centers. The redevelopment will help Sunnyvale return to it's once progressive personality. Sunnyvale home prices won't be adversely affected by this.

Michael
http://www.MichaelRobertsHomes.com
... more
0 votes 5 answers Share Flag
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