patrick.net

Sunnyvale and up north still have to correct. RIght now they are slightly less than the peak prices - which is not very much decline.

patience & waiting is the name of the game.
me : extended my lease agreement till end of this year :-)

This house has the worst schools(ellis, fremont high) and they have priced it like its in the best of the school dist. I think 94086 is in for rude awakening like 94089.

Pay $500-$550K for this house in Sunnyvale? Hmmm, if we follow Patrick's 15 times the amount of annual rent, then a similar house for rent would be about $2777-$3055 per month. A quick look at Craigslist shows rents in Sunnyvale for a 3 bedroom houses are about $1750-$2590. More like pay $315-$466K.

But, hey this is the Bay Area right? That's why you can open up the local newspaper and find 5-7 foreclosures a week in Sunnyvale. And, when you look at the outstanding balance on the Notice of Trustee Sale, you see balances like $650,000 and $750,000.

That sort of brings us to another rare and fleeting entity...the $200K/yr working couple. One wonders how many of these actually existed before Santa Clara county (Sunnyvale is in this county) before 11.5% unemployment.

thats about the same price it sold for 2004. I would say its still too high, but thats just me.

Oct 21, 2004 Sold (Public Records) $665,000 9.3%/yr Public Records