We analyze several housing market indicators in order to present an in-depth breakdown of Sunnyvale Homes Market comparing February 2009 to February 2010.
Summary of Key Points
Sunnyvale Homes for Sale has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster.Sellers received full asking price as compared to 97% last year.
Key Statistics, Sunnyvale, CA: Median Sales Price (14.81%), Median Days on Market (-50.52%), and Number of Units Sold (-21.28%), Sales Price to List Price Ratio (Feb 09 97% – Feb 10 100%)
Sunnyvale Homes
The city of Sunnyvale experienced a 14.81% increase in median sales price from last year going up from $613,556 (Feb. 09) to $704,427 (Feb. 2010). Median days on market data for Sunnyvale shows that houses are selling faster than Feb 09. It took 79 days in Feb 09 for a house to sell and for Feb 10 that number has gone down to 39 days (a 50.52% improvement). Another important factor to consider is total number of units sold. In the month of Feb 09, 47 units were sold compared to 37 for Feb 10 (-21.28% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Sunnyvale. SP/LP ratio for Feb 09 was 97% compared to 100% for Feb 10.
Let’s take a brief look at neighbors Mountain View and Cupertino. Mountain View Homes featured a 3.42% decrease in median sales price ($760,992 Feb 09 – $734,931 Feb 10) and Cupertino Homes saw an 8.49% increase ($920,823 Feb 09 – $999,006 Feb 10). Are houses in Mountain View and Cupertino selling faster or slower this year? Well, Mountain View experienced a 66.71% decrease (60 to 20 days) in median days on market and Cupertino a 4.30% decrease (46 to 44 days). In the units sold category, Mountain View sold 9 units more (39.13%) in Feb 2010 than 09 and Cupertino sold 11 units more (45.83%) in Feb 2010 than Feb 09.
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