What's the market like in Cupertino CA on 9.1.2011?

What's the market like in Cupertino CA?


Cupertino California is a suburban town in the Silicon Valley, notably home to Apple Computer and other high-tech firms. The 2000 census gives it a population of 50,546. For more demographic information, check AreaConnect

On 9.1.2011, here's what is going on in the single-family home market:

• Active listings: 83, ranging in price from $658,000-$2,999,888
• Pending sales: 31, ranging in price from $590,000-$1,449,000
• Closed escrows since 7.1.11: 23, sales prices between $729,999-$2,430,000
  

One of the homes that closed escrow earlier this week is 21547 Rosario Avenue, this well cared for, updated and remodeled 4-bedroom, 3-bath home. Built in 1972, it was sold by the original owners, a family that treasured their memories of growing, laughing, loving and living there.

After 8 days on the market, 4 offers were received, two of which were almost identical in price and terms, both over asking, a difficult decision for the sellers. The buyers have told me that they felt the happiness and love in the home, and look forward to creating their own memories as they move forward in life.

And that's a great result. Is the market good in Cupertino California? You bet!