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2015 Sunnyvale Real Estate Market Trends - It's A Great Year to SELL

March 24 2015
March 24 2015

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Getting ready to buy or sell your home this spring break? If not now, then perhaps you're preparing for a home transaction sometime this year? As your Sunnyvale real estate experts with 27 years of experience buying and selling homes in the area, we want to tune you into what makes us so successful as realtors. Whether you decide to hire a realtor or go through the buying/selling process on your own, the first thing to really grasp your hands around are the market trends in your area. Before you even decide to buy or sell a home, you should know what the median sales price and the average list price are for homes in your area and whether those numbers have increased or decreased in the last few years. You should also do some competitive research about how many homes are currently on the market, what the average price per square foot is and what the average list/sale prices are for homes in neighboring areas. We're going to give you some detailed market research about Sunnyvale's real estate trends in 2015 as an example of how to analyze market data, and explain why it's an awesome time for home sellers in the area.


1. OVERVIEW

Overall, it looks like 2015 will be a great year for home sellers in the Sunnyvale area. Both the median sales price & the average list price have appreciated compared to prior weeks, with no price reductions.
market trends for Sunnyvale

As you can see from the chart below, Sunnyvale had a slow winter in November & December but sales started to pick back up in February. There are currently 67 resale and new homes in Sunnyvale on Trulia, including 2 open houses, as well as 47 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. Based on data from previous years, it looks like summer time through early fall (June - September) will be a hot season for selling your home at a high list price.

market data sunnyvale

2. AVERAGE LIST PRICE

The average listing price for homes for sale in Sunnyvale was $448,637 for the week ending March 04, which represents an increase of 17.1% (or $65,435) compared to the prior week.

avglistprice

As you can see from the chart below, the overall average list price for the month of March is $946,500, which is 15% (or $125,00) higher than the average list price in March of 2014.

 

mediun list price

3. MEDIAN SALES PRICE

The median sales price for homes in Sunnyvale CA between December 2014 to March 2015 was $927,500 based on 132 home sales. Compared to the same period one year ago, the median home sales price increased 15.9% (or $127,500) and the number of home sales decreased 15.9%. Sales prices have appreciated 54.1% over the last 5 years in Sunnyvale. This is a great indicator that the Sunnyvale real estate market is on fire because the average sale price for homes are going up while the # of homes being sold are going down.

 

mediansalespricesunnyvale
number of sales

4. AVERAGE PRICE PER SQFT


avg price per sq ft

Average price per square foot for Sunnyvale CA was $724, an increase of 24.8% compared to the same period last year. As you can see from the chart, price per square foot increased all around. Another great indicator that the value of homes in Sunnyvale is increasing at a high speed.


5. POPULAR NEIGHBORHOODS

Popular neighborhoods in Sunnyvale include Sunnyvale West and Lakewood, with average listing prices of $1,097,155 and $537,250.

home prices for sunnyvale

Here's the sales data for other neighboring cities..

sales data for cities around sunnyvale

6. ADDITIONAL SUNNYVALE INFO

We all know how important schools are when it comes to finding the right place to move for you and your family. Here are some of the top-rated schools in the Sunnyvale area. For a list of more schools, click here.
schools in sunnyvale

Sunnyvale is one of the safest areas in the neighborhood with property crime at 2.02% and violent crime at 0.14%. In order to see the significance in these numbers, you'd need to compare them to California's state average property crime rate (3.17%) and violent crime rate (0.53%).
community info for sunnyvale

For more information about Sunnyvale Market Trends & When it's a Good Time to Buy or Sell Your Home, contact your Sunnyvale Real Estate Experts today!

Email us: Team.Erdal@Cbnorcal.com
Call us: (408) 973-9805
Visit our website: www.erdalteam.com
"Like" us on Facebook: www.facebook.com/ErdalTeam
Follow us on Twitter: www.twitter.com/ErdalTeam
Follow us on Instagram: @ErdalTeam

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Nicholas Souter

September 13, 2018 11:59 PM

The trends of the market are lovely for the new buyers of the field. All the chances of the good profit and career perfect resume have been implemented for the adjacent role of the things for the raise of the market.


Lauren Brownrigg

October 03, 2018 4:32 AM

A real estate market is implemented for the good and vital parts for the humans. The scope is improved for the good values for the patterns. The vital patent right custom dissertation service is included for the wholesome conditions for the students.