Cupertino CA Single Family Market Trend

Cupertino real estate trend March 2009Look at the left graph you can see March 2009 is the right most bar and the 1st from the left bar was the Cupertino homes for sale in March 2008. An overview of Cupertino’s Single Family Real Estate market of March 2008 compared to March 2009 shows some interesting economic changes: 1.) The Cupertino homes inventory rose to 127 this year from last year’s 65.The sold homes are lower from 23 last March to 9 this year. 2.) The average price of Cupertino homes this year has lowered to $1,170,465 from last years’ $1,311,979. The median price on Cupertino homes has dropped from $1,185,000$ to $1,050,000. 3.) It takes average 28 days to a Cupertino home, but last March was 24 days. With all the numbers that show we have more Cupertino homes for sale and less of them actually sold. The average and median price for Cupertino homes dropped about 9- 10% from last March to this March.