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CUPERTINO CALIFORNIA MARKET
FLASH – WINTER 2011
WINTER MONTHS WILL BE A BUSY TIME FOR
HOME SHOPPING
The real estate industry
is abuzz with the super low interest rates
in the 4% range. Santa Clara County's property
inventory has been shrinking steadily to
3,176 homes total. Single Family properties
make up 2,402 of the listings while Condos
and Townhomes make up 774 of the Active
listings in Santa Clara County as of 9/30/11.
Compare this inventory level
with almost 5,000 homes on the market at
the same time last year, buyers have less
to choose from and some properties receive
multiple offers. The average Days on Market
for properties in Santa Clara County is
62 as of September 2011. This means that
it normally takes two months from the time
you list a home to the time you receive
an offer and get into a sale with buyers
and sellers agreeing on price and terms.
The average % of List Price
is 99% in Santa Clara County, which means
that is a home is selling for $500,000 the
average sale price that it receives is $495,000.
Inventory months is "how
long the current inventory would take to
clear out at the current sales pace."
The total number of months of inventory
in Santa Clara County is approximately 2
Months for all single family homes and 1.5
months for condos and townhomes. When you
factor in the price points it is as follows
for the number of months: 3.8 months for
single family homes above the $1 Million
mark and 12.7 months for single family homes
above the $2 Million price tag. For Condos
and Townhomes the number of months of inventory
is 8 months for any condos and townhomes
above the $1 Million price point.
If you need any more information
on speciafic areas in Santa Clara County,
please call me and i will be happy to send
it to you.
Daniel Pizano
“Your Friend & Resource in Real
Estate”
Coldwell Banker
(408) 460-8401
Cupertino Single Family Home
Cupertino Condo
Cupertino Zip Codes
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CUPERTINO Real
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Median Price
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Average
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Median Price
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Inventory
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