patrick.net

I am not from the Peninsula, but South Bay (Sunnyvale). Prices seem to be holding up well so far, much better than I would have thought. A comparable house just sold within 5k of asking, and asking price was not what I would call low. The asking price was only 6% less than what a much nicer home on the street sold for at the "peak" in October. The nicer home had been almost completely gutted and redone whereas the latest sale was an "as-is" with over $30k in plumbing repairs needed. Floorplans and square footage were the exact same- these are cracker jack 1950's ranch places, as is mine.

I just put my house on the market last week and had the first open house over the weekend. Something over 35 groups came through. I will report what develops. Wish me luck. Hopefully, I will be looking for a rental soon.