Tag Archives: Sunnyvale Condominiums

The Santa Clara County Real Estate market is continuing to normalize. The overall market conditions still favors, but in select cities and locations the market has begun to tip in favor of buyers. Here at Yamanakahomes.com we continue to evaluate hot spots and seek out areas of opportunity. Home Prices in Silicon Valley are normalizing towards price points from January 2018 as the multiple offers go away and days on market increase. Focusing on Townhomes, Condos, Sunnyvale and Japantown Real Estate markets.

Active Listings/Pending Sales

In the statistics above we see a comparison of Active Listings(For Sale), Sold Listings, and Pending Sales.   The trend is leading to increased inventory and normalizing Sales volume.  The overall numbers reflect an overall market trending towards balance between buyers and sellers.  I have personally seen my last two listing sell with fewer offers and at prices below the last sales in the area.  Now is a great opportunity for buyers who have been waiting on the sidelines for several years.  Buyers can actually select a home that better suits their personal needs and compromise on fewer features.   For sellers the number of homes sold is still over 1,000 units a month which is historically a strong market.  Harvey Yamanaka has been providing Real Estate Services and up to date market knowledge in Silicon Valley for over 20 years.  He has seen numerous market and can help with Pricing and Market timing.

screen-shot-2018-10-09-at-4-34-22-pm

 

 

859 total views, no views today

September 2018 Santa Clara County Real Estate Prices

Avg DOM & Sale to List Price Ratio

Avg DOM & Sale to List Price Ratio

The Real Estate Prices for the county are normalizing with Sale to List Price ratios declining(105%) and overall Days on Market increasing(20 days vs 18 last month). There are pockets of hot markets where I have been involved in multiple offers and significant sale over list prices. There are also markets where Real Estate prices are approaching buying opportunities with days on market 3x the average for the county. Real Estate Price reductions are taking place and sale prices are below prior sales. For more details for hot and cold markets, contact me at harvey@yamanakahomes.com Regards, Harvey Yamanaka, serving Silicon Valley since 1996.

11,712 total views, no views today