overview Today I reviewed the Mountain View's Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:
1.) The homes inventory rose to 101 this year from last year's 55.The sold homes are grow from 15 last April to 20 this year.
2.) The average price of Mountain View homes this year has lowered to $860,400 from last years' $1,106,718. The median price on Mountain View homes has dropped from $1,072,625 to $837,500.
3.) It takes average 52 days to sell a Mountain View home, but last April was 29 days.
With all the numbers that show this month we have almost double the Mountain View homes for sale and about 5 more homes actually sold. The average and median price for
Mountain View homes both dropped about 20% from last April to this April. The price dropped due to a lot of lower end homes as short sales and REO (bank owned) homes sold. The above information came from the multiple listing services www.reil.com
If you or someone you know is thinking of buying or selling property at or near Mountain View, California please contact Grace Keng, REALTOR®. at 408-733-8887 or by e-mail at GraceKeng1@gmail.com.
An overview of Sunnyvale’s Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:
1.) The homes inventory rose to 186 this year from last year’s 203.The sold homes are lower from 42 last April to 38 this year.
2.) The average price of Sunnyvale homes this year has lowered to $639,043 from last years’ $902,244. The median price on Sunnyvale homes has dropped from $875,000to $639,043.
3.) It takes average 50 days to sell a Sunnyvale home, but last April was 23 days. With all the numbers that show this month we have less Sunnyvale homes for sale and less of them actually sold. The average and median price for Sunnyvale homes both dropped about 40% from last April to this April. The price dropped due to a lot of lower end homes as short sales and REO (bank owned) homes sold. The above information came from the multiple listing services www.reil.com If you are planning to buy or sell homes, I offer free consultation so you will have a clear picture of the current real estate market.
An overview of Los Altos Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:
1.) The Los Altos homes inventory rose to 132 this year from last year’s 65. The sold homes are a little less then last year. Last April sold 24 homes and this April is 11.
2.) The average Los Altos homes price is still on the down turn. This year’s sold price is $1,574,000 vs. last years’ $2,050,114. The median sales onLos Altos homes has dropped also from $1,760,404 to this year $1,500,000.
3). It would take 60 days this year to sell a Los Altos home but last year would be only 29 day. From all the numbers we can tell there are more homes for sale and less of them actually sold. The home prices have modestly drifted downwards. Los Altos continues to attract the qualified buyers who are looking for good schools, and the quality of life. The above data information came from the www.reil.com
If you are planning to buy or sell homes in Silicon Valley, I offer a free 45 min. consultation to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com If you or someone you know is thinking of buying or selling property in Santa Clara County ( sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California please contact Grace Keng, REALTOR®.
This morning I received a call out of blue.."Is this Grace? I want to know t the status of your listing so and so? I said:" It is fine!" I asked :" Are you an agent or a buyer?" He said "Buyer." He continued on:" Instead of wasting your time, Can I ask you to write an offer for $1.2 Million?" I was shocked! " You want discount $268,000. No way! It is below the comps." He said: "What is comps? It does not mean anything!" Of course we end the conversion quickly. The buyers call the listing agent to offer a ridiculous low price and wish to get home for about 20% lower than the asking price. I was speechless...
1st point: All real estate offer needs to be in writing to be effect.
2nd point: There is no such a easy flip opportunity under the sun.
3rd point: Buyers who intend to hire the listing agent. Do they know the pitfalls of the dual agency?
Grace Keng, Realtor, RE/MAX Real Estate Services Cupertino, CA
Gracekeng1@gmail.com. 408 799-8887
Grace believes in integrity, advanced technology, and communication skills are the most important elements of the successful transactions. She represents repeat clients and their referrals.
When it's time to buy or sell your home...Choose the agent with the proven track record of success and a long list of satisfied customers in Silicon Valley. I have the passion of real estate and my success comes from my commitment and dedication to my clients. I was awarded the Hall of Fame award which is the most prestigious award from RE/MAX Real Estate Services.
No matter you need to sell or buy a home, I can help you all the way. Make sure to visit my web site www.gracekeng.com periodically, as the information is updated continuously. Also, since the quality of the school play a major role of home value, I can help you to pick the right home withthe best Santa Clara Schools. If there is any way that I can help you, don't hestitate to contact me. I would like to meet me in person to discuss your own real estate need. I serve the following cities:Sunnyvale, Cupertino, Santa Clara, San Jose, Gilory, Saratoga, Palo Alto, Los Altos, Los Altos Hills, Mountain View, Campbell, Los Gatos etc..
"The biggest satisfaction for me, in this business, is helping clients build their dreams into reality, whether it is to move into or out a home or maximize their investment."
This photo is credited to (c)Tomo.Yun (www.yunphoto.net/en/In )
you will never be forgotten....that you have sold our house in Sunnyvale in a snap, and hence we're able to move on and carry out our lives' plan smoothly and ahead of schedule. Above all, we felt priviledged and so proud to know and befriend a person like you! Professionally, you have wowed us. You have demonstrated great skills in real estate dealings. Your diligent efforts-working tirelessly; your pragmatic approach and the clear vision you have -minimal effort and amount of money spent for only absolute necessary upgrades to the house to get the house sold quickly; the knowledge and information you posessed on the field; your suppleness of mind; your strong negotiating power(like pounding on the table on the side of the represented..hehe, just kidding); your firmness and your flexibility; your speed of getting things done and above all, your unrelentless drives and motivations have much smeared
Love,
Billy Eeo & Vivien Chua
My sister and I retained the company of RE/MAX Real Estate Services and selected Grace Keng to be our agent in selling the family home that my parents had for over 39 years. She was able to contact the right people to aid in the repair and renovation that was required to put the home on the market. She actively advertised the home and worked with us to present the home when it was completed.
Grace obtained an offer that was $20,000 over our asking price. She handle the sale in the true professional manner. My sister and I were pleased in which she handled all the aspects of the sale. She also follows up to see that all the requirements of the sale were met and that all parties were happy.
I would strongly recommend Grace to represent you in obtaining or selling your hom.
Sincerely
Josephy Lucchesi Santa Clara, CA 95050
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