The Sunnyvale real estate market has been trending upward for many months. In general, houses in Sunnyvale are selling for about one million eight hundred thousand dollars – if they aren’t too small or in terrible shape (or conversely palatial or newly built or remodeled). Let’s begin with single family homes. The median list price for homes in Sunnyvale CA – by pricing quartile – interestingly, the high end homes are doing the best! (Live charts from Altos Research, which uses LIST prices, not sale prices.)

Sunnyvale real estate market: Altos Research, median list prices by quartile

Real Estate Market Chart by Altos Research www.altosresearch.com

What about the numbers for the closed sales? Now let’s have a look at the Sunnyvale CA RE Report for last month’s trends and statistics (click on link to get the full Sunnyvale real estate market report):

Sunnyvale Real Estate Market Trends at a Glance

Down a bit month over month, but still up nicely from last year.

Trends At a Glance Jul 2018 Previous Month Year-over-Year
Median Price $1,900,000 (-5.5%) $2,010,000 $1,730,000 (+9.8%)
Average Price $1,873,190 (-4.2%) $1,956,120 $1,654,260 (+13.2%)
No. of Sales 44 (-18.5%) 54 59 (-25.4%)
Pending 50 (+31.6%) 38 40 (+25.0%)
Active 56 (+21.7%) 46 28 (+100.0%)
Sale vs. List Price 107.4% (-2.3%) 110.0% 111.0% (-3.2%)
Days on Market 15 (-16.2%) 17 18 (-19.0%)
Days of Inventory 38 (+54.6%) 25 14 (+168.2%)

 

And from June:

 

Trends At a Glance Jun 2018 Previous Month Year-over-Year
Median Price $2,010,000 (-0.3%) $2,016,890 $1,820,000 (+10.4%)
Average Price $1,956,120 (-2.6%) $2,008,840 $1,794,320 (+9.0%)
No. of Sales 54 (-23.9%) 71 62 (-12.9%)
Pending 38 (-19.1%) 47 52 (-26.9%)
Active 46 (0.0%) 46 17 (+170.6%)
Sale vs. List Price 110.0% (-5.3%) 116.1% 113.1% (-2.7%)
Days on Market 17 (+78.9%) 10 15 (+19.4%)
Days of Inventory 25 (+27.1%) 19 (+210.7%)

 

Yeowch! This market’s beyond hot – it’s scorching! The average sales haven’t cooled much since the last month with the average sales happening at 120.4% of list price. Properties are still flying off the shelves at 10 days on market.

What about the Sunnyvale condo and townhome market?


The real estate market for the condominiums and townhouses in Sunnyvale is not usually as strong as with single family homes, but currently they’re keeping up pretty well.

Real Estate Market Chart by Altos Research www.altosresearch.com

The closed sales (as seen on the Sunnyvale RE Report for condos and townhomes) show that properties are a sky high 120.8% above list price this past month and extraordinarily quickly in 7 days average! That’s hotter than the housing market!

Prices are down from the peak for the Sunnyvale condo market, but still up quite nicely over a year ago.

 

Trends At a Glance Jul 2018 Previous Month Year-over-Year
Median Price $1,210,000 (-2.3%) $1,238,000 $1,102,500 (+9.8%)
Average Price $1,241,140 (-5.1%) $1,308,350 $1,041,810 (+19.1%)
No. of Sales 39 (+69.6%) 23 32 (+21.9%)
Pending 21 (-46.2%) 39 33 (-36.4%)
Active 31 (+29.2%) 24 (+287.5%)
Sale vs. List Price 111.6% (-3.4%) 115.5% 113.2% (-1.4%)
Days on Market 14 (+24.1%) 11 (+47.0%)
Days of Inventory 24 (-21.2%) 30 (+217.9%)

 

And for June:

 

 

Now let’s switch back to the Altos Charts and consider list prices  in each area by zip code, by pricing tier, and home type (single family vs condo/townhouse). This is where you really see that “the market” is many different micro markets…. These Altos Charts are “live” and will update automatically each week, so please check back often!
94085 Single Family homes

Real Estate Market Chart by Altos Research www.altosresearch.com

94085 Condos and Townhouses

Real Estate Market Chart by Altos Research www.altosresearch.com

94086 Single Family homes / houses

Real Estate Market Chart by Altos Research www.altosresearch.com

94086 Condos and Townhomes

Real Estate Market Chart by Altos Research www.altosresearch.com

94087 Single Family homes or houses

Real Estate Market Chart by Altos Research www.altosresearch.com

94087 Town houses and condominiums

Real Estate Market Chart by Altos Research www.altosresearch.com

94089 Single Family homes

Real Estate Market Chart by Altos Research www.altosresearch.com

94089 Condos and townhomes

Real Estate Market Chart by Altos Research www.altosresearch.com

Sunnyvale, like the rest of Santa Clara County, has its own micro markets. The areas by 237 and 101 will be a different home selling or buying experience than those west of El Camino Real or along the Los Altos border. Want to buy or sell in Sunnyvale? Please call or email me to set up a time to meet or talk by phone (no obligation).

 

 

Related reading:

Incredible year over year appreciation in Sunnyvale

 

  1. 4 beds, 4 baths
    Home size: 1,903 sq ft
  2. 3 beds, 3 baths
    Home size: 1,537 sq ft
  3. 4 beds, 4 baths
    Home size: 1,586 sq ft
    Lot size: 936 sqft
  4. 5 beds, 3 baths
    Home size: 2,388 sq ft
    Lot size: 5,998 sqft
  5. 0 beds, 0 bath
    Home size: 4,246 sq ft
    Lot size: 10,798 sqft

See all Real estate in the city of Sunnyvale.
(all data current as of 9/23/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

 

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
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