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It must be those WTF prices they're asking for their stucco boxes
That's the opposite of what the statistics say.
According to Redfin, there are 21 houses for sale in Cupertino and 31 sold in April. That looks like less than 1 month inventory to me.
Why would you go by your drive as opposed to actually looking at the numbers? They're so easy to find...
Well, the data on the web is old. My drive by is current.
Yes, the April sales data is ancient. Redfin updates listings daily, I assume, so how old could it be?
When does the buyers will understand that buying a house is not same as buying Gas. Wait till the market comes to norm, why hurry.
Why would you go by your drive as opposed to actually looking at the numbers? They're so easy to find...
Yeah, man -- why would you trust your lying eyes when you can look at numbers on a website?
Why would you go by your drive as opposed to actually looking at the numbers? They're so easy to find...
Yeah, man -- why would you trust your lying eyes when you can look at numbers on a website?
Um, maybe because the OP is stuck in the present, while redfin etc. Use precognitive beings to see into the future?
The now is so yesterday
Yellow Alert: More and more houses showing up in Sunnyvale, and now in Mountain View. Three just put up for sale signs on my street this week.
Spring market, or are owners looking for the exits?
Buy now, or be forever priced out. Next year, you can take out a HELOC for at least your mortgage amount, maybe more, why wait?
Yellow Alert: More and more houses showing up in Sunnyvale, and now in Mountain View. Three just put up for sale signs on my street this week.
Spring market, or are owners looking for the exits?
I have noticed an uptick in listings in MV too. My agent says that inventories are also increasing, although they are still only about 25% of the historic norm. I think that it is a combo of the spring/summer selling season bounce and prices rising enough from a year ago that some people want to capture gains. Most of what I am seeing listed are condos and townhouses, so maybe those people want to try to move-up into SFH's or something.
point of reference:
Apple's R&D costs are 10X what they were 10 years ago.
They have a headcount of 25,000 or so in the valley AFAICT.
10 years ago GOOG had $1.5B in revenue, 2012 was $50B.
If you're looking in the fortress, you're competing with these people (plus many of the tens of thousands of cashed-out veterans)
I have a retired friend who was priced out of the fortress even though he was sitting on 20+ years of AAPL accumulation.
He had the money for a refurbed postwar shack, but got much, much more value finding a place over the hill. 2+ acres, tons of trees, ocean view, no neighbors. Well, one, but they're a ~10 minute hike away.
Anybody else make this observation?
Pity you didnt drop by valco mall.. and see how dead it looks.
total 22 houses, 4 of which are under 800K. Most are 1.5M+.
http://www.redfin.com/homes-for-sale#!market=sanfrancisco&max_num_beds=6&num_beds=2®ion_id=4561®ion_type=6&sf=1,2&uipt=3,2,1&v=8
looks like another imaginative report "from the front line."
I just checked, and there are houses with for sale signs that arent on the websites yet.
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1135 Lisa Ln
4 Bd, 3 Ba, 3,065 SF
$2,499,000
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3387 Lubich Dr
4 Bd, 2.5 Ba, 1,989 SF
$1,099,000
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100 W El Camino Real # 56
2 Bd, 2.5 Ba, 1,300 SF
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465 N Whisman Rd # Ste
NA Bd, NA Ba, 1,674 SF
$739,000
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266 Walker Dr
3 Bd, 3 Ba, 1,611 SF
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1609 Blackhawk Dr
5 Bd, 3.5 Ba, 2,800 SF
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1514 Wessex Ave
5 Bd, 3.5 Ba, 4,025 SF
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123 Flynn Ave # D
2 Bd, 1 Ba, 840 SF
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3 Bd, 2 Ba, 1,555 SF
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Castro St
NA Bd, NA Ba, 2,694 SF
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NA Bd, NA Ba, NA SF
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2 Bd, 2.5 Ba, 1,348 SF
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1 Bd, 1 Ba, 837 SF
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38 Devonshire Ave # 3
3 Bd, 2.5 Ba, 1,308 SF
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Wake Forest Dr
3 Bd, 1 Ba, 850 SF
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100 W El Camino Real # 60
2 Bd, 2 Ba, 1,273 SF
$525,000
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140 Florence St
3 Bd, 2 Ba, 1,798 SF
$888,000
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Hollenbeck Ave
2 Bd, 1.5 Ba, 1,152 SF
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Shirley Ave
3 Bd, 1 Ba, 1,000 SF
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992 Alpine Ter # 6
2 Bd, 3 Ba, 1,553 SF
$3,000
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3 Bd, 2 Ba, 1,254 SF
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2068 Cynthia Way
5 Bd, 3.5 Ba, 3,106 SF
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3 Bd, 1 Ba, 1,328 SF
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3 Bd, 2 Ba, 1,790 SF
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564 Annie Laurie St # 1
2 Bd, 1 Ba, 880 SF
$399,900
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Vincent Dr
3 Bd, 2 Ba, 1,790 SF
$1,161,751
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22444 Creston Dr
5 Bd, 4.5 Ba, 4,250 SF
$2,188,000
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Winstead Ter
2 Bd, 1.5 Ba, 1,160 SF
$653,303
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W Middlefield Rd
1 Bd, 1 Ba, 720 SF
$287,203
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Asilomar Ter
3 Bd, 2 Ba, 1,895 SF
$731,135
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Hollenbeck Ave
3 Bd, 2 Ba, 1,593 SF
$565,070
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Bonita Ave
3 Bd, 2 Ba, 1,178 SF
$1,174,851
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San Carlos Ave
4 Bd, 2 Ba, 1,389 SF
$755,842
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Ormonde Dr
5 Bd, 2.5 Ba, 1,950 SF
$917,832
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San Rafael Ave
3 Bd, 2 Ba, 1,302 SF
$726,123
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Waite Ave
3 Bd, 2 Ba, 1,555 SF
$565,451
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Bonita Ave
2 Bd, 1.5 Ba, 1,126 SF
$552,220
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Saturn Ter
3 Bd, 2.5 Ba, 1,400 SF
$597,343
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W California Ave
2 Bd, 1.5 Ba, 785 SF
$343,094
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E Middlefield Rd
2 Bd, 1 Ba, 858 SF
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Clarence Ave
3 Bd, 2 Ba, 1,512 SF
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La Mesa Ter
2 Bd, 2.5 Ba, 2,120 SF
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2 Bd, 2.5 Ba, 1,385 SF
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S Taaffe St
3 Bd, 2.5 Ba, 1,303 SF
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Chula Vista Ter
2 Bd, 2.5 Ba, 1,293 SF
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Spinosa Dr
4 Bd, 2 Ba, 1,755 SF
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Via Palamos
5 Bd, 3 Ba, 2,356 SF
$696,520
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Flynn Ave
2 Bd, 3 Ba, 1,694 SF
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Crestview Dr
2 Bd, 2 Ba, 1,140 SF
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N Murphy Ave
2 Bd, 1 Ba, 790 SF
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Stowell Ave
2 Bd, 1 Ba, 790 SF
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4 Bd, 2.5 Ba, 2,141 SF
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1 Bd, 1 Ba, 662 SF
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3 Bd, 2 Ba, 1,214 SF
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Lime Dr
5 Bd, 3 Ba, 2,421 SF
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5 Bd, 2.5 Ba, 2,182 SF
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S Mary Ave
3 Bd, 2 Ba, 1,644 SF
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Murlagan Ave
NA Bd, NA Ba, 1,512 SF
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W Middlefield Rd
NA Bd, NA Ba, NA SF
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S Pastoria Ave
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Indio Way
NA Bd, NA Ba, 31,515 SF
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View St
NA Bd, NA Ba, 54,736 SF
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N Mathilda Ave
NA Bd, NA Ba, 96,300 SF
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N Pastoria Ave
NA Bd, NA Ba, NA SF
$14,000,000
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S Mathilda Ave
NA Bd, NA Ba, 4,952 SF
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NA Bd, NA Ba, NA SF
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NA Bd, NA Ba, NA SF
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4 Bd, 2.5 Ba, 2,233 SF
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S Sunnyvale Ave
NA Bd, NA Ba, NA SF
$108,800,000
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W Iowa Ave
NA Bd, NA Ba, NA SF
$108,800,000
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W Iowa Ave
NA Bd, NA Ba, NA SF
$108,800,000
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Town Center Ln
NA Bd, NA Ba, NA SF
$108,800,000
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S Mathilda Ave
NA Bd, NA Ba, NA SF
$108,800,000
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S Mathilda Ave
NA Bd, NA Ba, 157,239 SF
$108,800,000
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E Washington Ave
NA Bd, NA Ba, NA SF
$108,800,000
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S Mathilda Ave
NA Bd, NA Ba, 156,895 SF
$108,800,000
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S Taaffe St
NA Bd, NA Ba, 143,039 SF
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S Mathilda Ave
NA Bd, NA Ba, NA SF
N/A
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NA Bd, NA Ba, 33,216 SF
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NA Bd, NA Ba, 16,576 SF
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Easy St
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S Mathilda Ave
NA Bd, NA Ba, 6,077 SF
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N Whisman Rd
NA Bd, NA Ba, NA SF
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Princeton Dr
4 Bd, 2.5 Ba, 2,178 SF
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3 Bd, 3 Ba, 2,043 SF
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Ferguson Dr
NA Bd, NA Ba, NA SF
N/A
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Devonshire Ave
2 Bd, 1 Ba, 944 SF
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Was driving Cupertino today, and saw many houses for sale. Not many were pending.
Don't know if this is just the spring market or shades of things to come, but I've never seen so many houses for sale in Cupertino.
Anybody else make this observation?