2011 was a good year for Sunnyvale CA Real Estate; total home sales were up 7.27% compared to 2010. In 2011, 841 homes sold (565 single family and 276 condo / townhouses) compared to 575 SFHs and 209 Sunnyvale condos / townhouses sold in 2010. The Median Home Price for Sunnyvale Single Family Homes decreased slightly from $795,000 to $785,000.
The Median Home Price for Sunnyvale condos / townhouses was also down to $455,000 from $472,000. This continues a trend where Sunnyvale CA home sales have increased year-over-year for the last three years while the medium home prices drop slightly.
Unfortunately, the above numbers do not tell the complete Sunnyvale CA Real Estate story. What we’re really seeing is a shift in Sunnyvale CA home sales where more lower price homes in Northern and Central Sunnyvale are selling compared the Southern Sunnyvale (94087) where a majority of higher cost homes are located.
We’re also seeing a shift in Sunnyvale CA home sales to smaller single family homes and condo / townhouses. Sunnyvale Buyers are electing to purchase smaller homes as financing has been harder to obtain. Higher priced homes also require larger down payment and tend to entail Jumbo Loans (loans in excess of $625,000) which are more difficult for first-time buyers.
Consequently, it has become more challenging to sell larger, more expensive Sunnyvale CA homes unless the home is located in the Cupertino School District and/ or the home is in excellent condition. Excellent condition means: open floor plan, newer kitchen and baths, dual pane windows, newer roof, and more than likely no pool. In addition, the homes which are selling have recently been painted and staged.
Regardless of all the above, most Sunnyvale home Sellers should be pleased as they were able to receive very close to their asking price. We don’t see any reason for this trend to change in 2012. In fact, we envision 550 single family homes and 280 condo / townhoues should sell in 2012. Unfortunately, we also believe Medium Home Prices will continue to drop slightly to $780,000 for Sunnyvale Single Family Homes and $470,000 for Sunnyvale condos / townhouses.
In summation, the Sunnyvale CA Real Estate market is very strong compared to most communities even in the Bay Area. This has to be great news for Sunnyvale CA homeowners. Why not, Sunnyvale CA has all of the characteristics of the perfect California city. Sunnyvale is a well run, safe city with wonderful weather, and easy access to all major job markets. Home prices are mid-range for area. Sunnyvale has all the charm of a small city, but easy access to the large Bay Area cities: San Francisco, Oakland and San Jose.
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I’m a proud to be a member of the Silicon Valley Association of Realtors, the California Association of Realtors, the National Association of Realtors and MLSListings the regional Multiple Listing Service. These relationships guarantee my Silicon Valley buyers immediate access to hundreds of the newest Silicon Valley listings added to the market each day while also providing my Silicon Valley sellers exposure to a vast network of buyers across the state, country and globe.
Whether you’re looking to buy or sell real estate in Santa Clara County California, my goal is to provide expert advice and exceptional customer service utilizing the latest, cutting-edge Internet marketing technology available.
As my customer’s attest, I am a committed and passionate Silicon Valley REALTOR® who prides myself on putting my customer’s priorities above all else. My determination and attention to detail allows my customers to receive first class service with utmost integrity.
I service Silicon Valley Real Estate sales in the following cities:
It's a new year and you're looking at your goals for 2012 . The kids are gone; you no longer need the big four-bedroom house, the ongoing cost of landscaping fees or possibly a pool service. You say, “Who needs it. I want to enjoy my life”. Is it time to downsize.
Well if you or your spouse is 55 and live in the Silicon Valley (Santa Clara County, or San Mateo County) you may not be aware of Propositions 60 and 90.
You may ask what is Prop 60 and 90. Prop 60 allows for the replacement of the primary residence with a new home of equal or lesser value within the same county and transfer of the Prop 13(*) assessed valuation from the old home to the new property. This transfer is once in a lifetime benefit and may have tax implications so we encourage you to consult your tax or financial advisor for your specific impact.
Prop 90 allows counties to elect to transfer Prop 13 values for moves from other California counties when the primary residence is replaced with a less expensive property. Being over 55 and you move into one of these California counties (Alameda, El Dorado, Los Angeles, Orange, San Diego, San Mateo, Santa Clara, and Ventura) you may take your old, lower Prop 13 value, regardless of which county you moved from. For instance, using Prop 90, you can sell your $700,000 San Francisco home, assessed value $100,000 and move to a new $500,000 condo in Mountain View, Sunnyvale or San Jose; the new home assessed value of $100,000!
Is now the right time to make that move? Today might be a better time than your realize. While you may believe your existing home's value is down, chances are the property you want to buy will also cost you less. Likewise, pulling out funds from your existing home may allow you to buy the new home for cash. If you do you need a new loan rates have never been lower. Currently 15 year fixed loans are running 3.5% with no points.
So don’t wait, it time to create the life you want!
To discuss specifics about selling your present Mountain View, Sunnyvale or San Jose home, give Tom Stynes a call.
(*) Prop 13 was passed by the California legislature in 1978. This law limits property taxes to 1% of sales price, plus nominal local fees, per year. Property taxes can go up no more than 2% of assessed value per year.
Often we don’t think about what we throw away? For example, how do you dispose of old, burnt out florescent lamps? Did you know florescent lamps can contain small amounts of mercury, a toxic pollutant?
When mercury-containing lights are improperly disposed or break, the toxic pollutant can be transported by air and runoff from rain can get in to our creeks and the San Francisco Bay. The good news we have options, many of the local Silicon Valley Communities have set up disposal options. For example, Sunnyvale Homeowners can bring these toxic lights as well as batteries, thermometers, and thermostats to the Sunnyvale SMaRT station at 301 Carl Road, Sunnyvale, CA.
Sunnyvale Homeowners here are a few additional topics which might be of interest to you:
Sunnyvale, California Eichler Homes
Eichler homes became popular in the early to mid 20th century, establishing a casual living style using simple, clean designs. Eichler homes are a branch of Modernist architecture that has become know as “California Modern”. In 1947, pioneering San Francisco developer Joseph Eichler began building high quality and affordable middle-class residences throughout California.
Eichler homes are typically only found as single story homes. Sunnyvale, California along with Mountain View, Palo Alto and San Jose is full of Eichler homes waiting to be bought and loved.
Sunnyvale, California is a beautiful, flourishing community that strives to provide convenience to it's residents, with local shopping, dining, health care and a school district that is constantly within the top rated schools in all of California. Regardless of who you are, this community is a gorgeous place to live in Eichler homes, with it's inviting and elegant grandeur as a whole.
There are a lot of different activities and groups provided to keep residents entertained and busy when they're looking for some fun close to their Eichler homes.
This community offers current and future residents a large number of parks, public tennis courts, theater groups, golf courses and a sports complex. Sunnyvale, California calls itself “Tree City USA” with over 36,000 trees. Residents here enjoy Baylands Park, located at the end of Lawrence Expressway off Hwy 237. This 70-acre park is a bird watcher’s paradise. Heritage Park, 550 Remington Avenue, includes the Community Center, Senior Center and a pond-side plaza as well as a working apricot farm as a tie back to the area’s historical fruit orchards - all near many Eichler homes.
Eichler homes in offer an active community with opportunity, but also the piece and comfort of the cozy atmosphere that Eichler homes have to offer.
If you give me the chance, my team and I are ready and waiting to surpass your real estate expectations with dedication and commitment in searching for ideal Eichler homes to reflect you.
Here again is the answer to the question most asked by our clients "How good are the schools in this area? Don't spin your wheels looking to find the best place to buy in Silicon Valley. The number one factor which influences property values is School District Performance.
School Academic Performance Index (API) scores are published each year. Here are a few more useful links to school related information!
It is my pleasure to give you information that will better assist you in locating the best fit home and neighborhood for you and your family. If you like what you read here, please visit our website at www.StynesGroup.com for more information like this!
Tom Stynes is a Broker Associate with StynesGroup Inc. based in Los Altos, California. We specialize in West Santa Clara County: Sunnyvale, Mountain View, Los Altos and Cupertino.
I am the Founder and Managing Broker of the StynesGroup Inc. We've had a very successful 2011 with expectations of even better 2012. I can attest that my '11 listings sold at 99.4% of list price in an average of 27.8 days. Read what my clients have to say about me.
Apart from assisting my clients to buy and sell, I have managed to still add professional development to my busy schedule. I recently obtained my Certified Residential Specialist designation (CRS). As a CRS, I join an elite group of the America's top 4% of REALTORS.
Personal Experience
I have in excess of twenty years diverse finance and real estate experience. I have held several positions in sales, product management and project management. Prior to my real estate career, I was the Managing Director for an Information Technology consulting group based in Foster City, California. I hold a PMP (Project Manager Professional) certification as awarded by the Project Management Institute.
Professional Philosophy
As a REALTOR, my number one goal is assuring my client's needs are not just met, but surpassed. I strive to assure a home purchase or sale is as free of stress as possible. My job is to be your advocate throughout each and every step of the process.
Professional Affiliations
Education
B.S. in Business Management, St. Mary's College, Moraga, CA
Personal Background
I am a resident of Mountain View and a forty-year inhabitant of the bay area. My wife and I have two grown children. I enjoya hiking in the mountains, golf and gourmet cooking. I am also a founding member of the San Francisco - United Irish Cultural Center.
Let's Connect
StynesGroup Inc. specializes in helping buyers, sellers and investors with busy lives. We understand you have many demands placed upon you each day: work, family, social, etc. You have the right expect to work with an agent who will not waste your time.
For buyers, we know how to find you the perfect house within your budget in the timeframe which matches your expectations. Likewise for our seller, clients you want a real estate agent who knows how to get it done:
Geographically we focus on the areas:
We're pleased to work with all clients yet we really enjoy working first time buyers. Being able to facilitate the first step toward realizing the American Dream is rewarding beyond words.
You made all our concerns go away
"When we sold our home after 20 years, I was so thankful that I could count on StynesGroup to take care of the details; it was such a smooth transaction. They really did simply the entire process." - T.Gee. Seller in San Jose CA
It's more than finding a house
"Tom and the members of StynesGroup took time to explain the buying process in plain English. I appreciate the many ways they went out of their way for me." - C. Ross, Buyer in Cupertino CA
Thank You For Your Persistence
"Tom, It took several offers, but you delivered on the results and got us in to the house of our dreams." - N.W. & L. W. - Buyer in Sunnyvale, CA
You're the Best Realtor I've ever worked with
"Unfortunately my experience with real estate agents until I met you was very disappointing. You listened to my requests, handled the problems as they arose and delivered with a sales price that exceeded my expectations. You're my Realtor from this point forward" - G.V. Seller, San Jose
I am So Happy
"I didn't want to sell our house and move, yet I was to be closer to my grandchildren. Thank you for your advice. I was so relieved to sell without have to repair the termite damage. I still cannot believe the price we received." - D. Dewey, Seller, Sunnyvale, CA
It's Our First Home
"Buying a house is so difficult in the current environment (May, 2004); through your effort we put in three offers only to lose out. The house we own now we lost out on our first offer. You pursued and when the house fell out of contract you were there. The listing agent saw the passion you have for your clients and gave us a second chance. It would have never happened without you. You're terrific..." - M. Beck & M. Golden, San Mateo, CA
I Like The Way You Stayed In Contact
I want you to know how pleased I am about everything regarding the sale of my townhouse. It all went quickly and smoothly and I feel everyone involved benefited. I like the way you kept in contact with me, always keeping me up to date on what was going on... - J. Strand, Mountain View, CA
Smooth Home Purchase
Thank you so much for all you've done in facilitating my home purchase. You have been professional, dedicated, and thoughtful. Behind the scenes, your networking skills have paid off. You have enabled my first home purchase to be smooth and almost fun! - K. Lee, San Jose, CA
Pleasurable Home Buying Experience
Thank you so much for truly making our first home buying experience a pleasure. We appreciate your patience, your humor and your insight. We will happily give a referral to anyone we know buying a home in this area. We look forward to you helping us with our next purchase! - The Calhouns, Santa Clara, CA
You're Terrific Under Pressure!
I was very lucky to have you as our real estate agent. Everything that I wanted was so perfectly done. From fixing/staging the house, pricing the house, marketing the house, selling it as is, and the timing, all was done professionally. I am so thankful and happy you sold my home so quickly. - L. Levy, Seller - Santa Clara, CA
You're a Great Listener
I really appreciate your friendly and professional services. Your dedication helped me tremendously to adjust to my new environment. You can be sure my friends will be working with you... A. Sweeney, Sunnyvale, CA
Thank You for Everything
Tom... thank you again for helping us to both sell our former house and to find our new home. Your advice on when and how to sell was 100% on target...You can always count on us for a reference... D & S Hynes, Campbell
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