Foreclosures Are Up, Buyer Confidence Is Down, How Is It That Sunnyvale Homes Continue To Increase In Value?
Despite scaled-back lending practices, the sub-prime lender fiasco, higher foreclosure rates, lower demand, and lower consumer confidence (fueled by the plethora of newspaper articles indicating that the real estate market is dead), Sunnyvale’s sales prices continue to climb. How has Sunnyvale’s housing market retained such resiliency? The answer lies in the lifestyle the city affords its residents.
Located in the heart of Silicon Valley, Sunnyvale is nationally known as a progressive and well managed city with an award winning record for safety and efficiency. According to FBI crime statistics, Sunnyvale is one of the top 10 safest cities in the nation. Without sounding too much like a Chamber of Commerce commercial, Sunnyvale is a large city of approximately 136,000 residents, but it hasn’t lost the intimacy of a smaller city. If you have a question about remodeling a home or verifying the status of permits, its an easy process and the city employees (for the most part) want to help you. Sunnyvale has great parks and open space (approximately 844 acres worth) for kids to play in. there is even a couple of golf course if you want to sneak off and hit a quick 9 or 18 holes before dinner.
The schools range from excellent to less than excellent, but it appears that all involved in the education process want their neighborhood school to be the best. FYI, Sunnyvale’s schools fall within four different school districts: Sunnyvale Elementary School District, Cupertino Union School District, Santa Clara Unified School District and Fremont Union High School District. Lastly, there is a huge variety of restaurants (over 315) from which to dine from and more than 49 neighborhood and regional shopping centers to spend your money at. And yes, the weather’s not bad either! Now to quote the Chamber of Commerce, Sunnyvale is the “Heart of Silicon Valley!”
Of the 142 single family homes for sale, 108 are looking for new owners and the other 34 are under contract. Below is a sampling of information on the most affordable and most expensive single family homes available in Sunnyvale.
1393 Socorro Avenue is the least expensive single family home for sale in Sunnyvale. Listed by Michael Ames of the Cashin Company, this clean 3 bedroom 2 bath, 1000 sq ft home can be yours for only $529,900.
1378 Miette Way is currently the most expensive single family home for sale in Sunnyvale at $1,890,000. It is listed by Chisholm Gentry of Gentry Real Estate and has 4 bedrooms 3 baths, over 3000 sq ft of living space and a lot of over 12,000 sq ft.
Of the 94 condo/townhomes available for sale, 65 are awaiting new buyers and 29 are under contract. Below is the high and low for active condo/townhome listings in Sunnyvale:
539 Saco Terrace #13 is currently the most expensive unit in Sunnyvale. Listed by Mike Barbieri and Pulte Homes, this new construction unit has 4 bedrooms 3.5 baths and 2191 sq ft of living space.
871 W. California Avenue #D is the least expensive unit in Sunnyvale. Listed by Isabel Quan Teng, this unit has 2 bedrooms 1.5 baths and 760 sq ft of living space.
