Although it is Not on Fire, Sunnyvale’s Real Estate Market Continues to Move Along

Since real estate is local (ie. don’t believe everything you read in the press), I thought I would show you the true facts about Sunnyvale home sales as taken from our local multiple service provider, MLSListings Inc..  Since last week, 10 single family homes have been listed for sale in the city of Sunnyvale.  That brings the total of single family homes currently listed for sale at 104. 

Year to date totals are as follows.   In 2007, January through November, a total of 871 single family homes were listed for sale and of those, 578 (approx 66%) sold.  The average days on the market was 25 days and the median sales price was 892K.  Comparing those numbers with 2006, we saw an increase in all areas except the average days on market which actually dropped slightly.   In 2006, January through November, a total of 952 single family homes were listed for sale and of those, 586 (approx. 62%) sold.  The average days on the market in 2006 was 29 days and the median sales price was 855K.  From 2006 to 2007, the median sales price in Sunnyvale rose 4.3%.  Therefore, all meaningful real estate indicators show that single family homes in Sunnyvale, as compared with 2006, increased in value.  And who said that the our local real estate market was toast?  Below are the monthly sales totals from years 2006 and 2007.  Enjoy!