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Cupertino Real Estate Market January 2009

Trends At a Glance

Jan 2009

Previous Month

Year-over Year

Median Price

$1,291,000

$1,181,000 (+9.3%)

$1,097,890 (+17.6%)

Average Price

$1,203,590

$1,180,200 (+2.0%)

$1,059,540 (+13.6%)

No. of Sales

9

10 (-10.0%)

9 (0.0%)

Pending Properties

11

7 (+57.1%)

23 (-52.2%)

Active

71

60 (+18.3%)

46 (+54.3%)

Sale vs. List Price

96.4%

96.1% (+0.5%)

100.2% (-3.6%)

Days on Market

35

49 (-29.3%)

100 (-65.5%)

Both the median and average price of Cupertino Single Family home is over million dollars. There are 71 homes available and january sold for 11 so we have 6.5 months inventory on the market. The days on the market is less and the price is slightly higher then last month's data.

Grace Keng, Silicon Valley real estate agent, (408) 799-8887 creator of www.GraceKeng.com , member of the Silicon Valley Association of Realtors (SILVAR) and memberships in the National Association of Realtors, (NAR),
the California Association of Realtors, (CAR) and PhD of Realtor - Certified Residential Specialist (CRS).

Posted Tuesday Feb 10