Bay Area Sunnyvale Real Estate Market Update - May 2018

Sunnyvale Housing Market has experienced an significant 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 Single Family House in 2018 Spring has been around 16-25% as compared to that of the same period in 2017, it was significantly up, indicating that homes are selling easily 20% over the listing price and average sold in 10 days so far in year 2018. The days it take for these Single Family Homes 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 Single Family Home market . In year 2017 between Jan to May, if your budget were around $1.5M, there would still be plenty of selections there, now same time this year, the budget would have to be raised to average $2M, showing a 20% year-to-year increase in home values in Sunnyvale, CA.

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

Sunnyvale housing 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 Single Family Houses in Sunnyvale, CA

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

Bojie He

eXp realty

Bojieteam@gmail.com

Area Specialist