Real Estate Recovery-Silicon Valley CA-a Cupertino Story

Real Estate Recovery-Silicon Valley CA-a Cupertino Story


Stats for the first half of 2011:

• single-family homes in Cupertino that closed escrow: 185
  
• median sales price: $1,115,000;
  
• average days on market: 36;
  
• percent sales price to list price: 100.26%

My story:

• 8 days ago I listed a home for sale at 21547 Rosario Avenue, Cupertino
• Broker tour last Thursday saw about 65 agents through the house
• Open houses on Saturday and Sunday afternoons had roughly 34 groups through--each day!
• As of last night 8 disclosure packages had been downloaded, with 2 confirmed written offers
• I'll be meeting with the seller tonight to present to him all offers I've received by 5:00 PM today.
  

Is there a real estate recovery? You bet, and it's in full swing in Cupertino California!