Bay Area Sunnyvale Condo Real Estate Market Update - May 2018

Sunnyvale Condo Market has also experience an increase in it's value in the last 12 months. While it is hard to determine what is really happening in Sunnyvale, CA real estate market, here are a few things we always look at.

1. Sold vs list price and Days on Market:

The sold vs asking ratio in Sunnyvale Condo in 2018 Spring has been around 16-23% as compared to that of the same period in 2017, it was significantly up. Similar to the single family home market in Sunnyvale, CA the days it take for these condos to come off the market is much shorter comparing that of 2017, indicating it is still a very competitive seller's market.

2. Average sold price

Below shows the significant increase of home prices in Sunnyvale Condo market . In year 2017 between Jan to May, if your budget were around $900K, there would still be plenty of selections there, now same time this year, the budget would have to be raised to average $1M, showing a 10% year-to-year increase in home values in Sunnyvale, CA.

So how is the Condo market now in Sunnyvale, CA?

Sunnyvale Condo Market is remaining strong due to the lack of inventory and it's low interest rate. The trend is going to remain at such continuing into the next few quarters. Here are the current list of Condos in Sunnyvale, CA

If you have any questions about buying or selling a condo in Sunnyvale, CA please feel free to reach out to me.

Bojie He

eXp realty

Bojieteam@gmail.com

Area Specialist