Tag Archives: cupertino

Cupertino Real Estate – Market Report April 16, 2014

Cupertino Real Estate Market Report

Cupertino Homes

Cupertino Homes For Sale

Cupertino, California is a highly desirable community in the heart of the Bay Area’s Silicon Valley. Owning a Cupertino home means prestige, convenient commutes to the best tech companies (Cupertino is famously home to Apple), and great schools, restaurants, and shopping.

  • How many Cupertino homes for sale?
    At the time of publication, there are 24 single family homes on the market currently listed in the MLS.
  • What’s the lowest price Cupertino home for sale?
    The lowest price Cupertino home at the time of publication is currently listed at $848,888 for a 3 bedroom, 1 bath, 1080 s.f. home.
  • What’s the highest price home on the market in Cupertino?
    The highest price Cupertino luxury home at the time of publication is currently listed at $18 million for a 4 bedroom, 5 bath, 5130 s.f. luxury home on two parcels of about 40 acres.
  • What is the median Cupertino home price?
    The median Cupertino home price is currently $1,776,900 . and average cost per square feet is $854.
  • What is the average Cupertino home price?
    The average Cupertino home price is currently $2,565,444. If we remove the lowest priced home and the highest priced home, the average Cupertino home price is $1,941,898.

Current Cupertino real estate listings for sale

The following Cupertino real estate listings represent the single family homes for sale in Cupertino as of January 2017

Click here for Cupertino Luxury HomesCupertino, CA

Bay Area Communities

Bay Area Home Sales Fell, Prices Rise

Real Estate for Sale in Los Altos01/15/2014 Saratoga,CA – Bay Area home sales fell 4.3 percent in November to a seasonally adjusted annual rate of 4.9 million, down from 5.12 million in October, according to the NATIONAL ASSOCIATION OF REALTORS®. Sales were 1.2 percent below the level reported in November 2012, which marks the first time in 29 months that sales were below year-earlier levels.

NAR chief economist Lawrence Yun says the market is being squeezed by higher mortgage interest rates, declining inventory and problems with tight credit. “There is a pent-up demand for both rental and owner-occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction. As such, rents are rising at the fastest pace in five years, while annual home prices are rising at the highest rate in eight years.”

Distressed homes – foreclosures and short sales – accounted for 14 percent of November sales, unchanged from October; they were 22 percent in November 2012. Nine percent of November sales were foreclosures, and 5 percent were short sales. Foreclosures sold for an average discount of 17 percent below market value in November, while short sales were discounted 13 percent.

Total housing inventory at the end of November fell 0.9 percent to 2.09 million existing homes available for sale, which represents a 5.1-month supply at the current sales pace, compared with 4.9 months in October. Unsold inventory is 5.0 percent above a year ago, when there was a 4.8-month supply.

Original Article from By Michael Fenner, Wednesday, 15 January 2014 – 10:57am