The Real Estate Market Activities. 

Compass Silicon Valley,


In March, we saw a remarkable increase in both inventory and the number of closed transactions. Properties that sold for $200,000 or more above their asking prices skyrocketed from 38 to 66, reflecting a significant 73% rise compared to the previous month. Sunnyvale continued to be the standout market in our region, with 33 of these sales occurring in this city. Notably, more than half of the sales (37 properties) snatched at least $500,000 over their list prices, including an impressive Saratoga home that commanded a staggering $1,000,000 above its asking price.

This surge in demand has outpaced the steady housing supply, exerting upward pressure on prices. Once again, the Silicon Valley residential housing market is defying expectations, even as higher mortgage rates have not come down as widely anticipated.

          The sales are very high and shortage of home for sale still persists.  


SUNNYVALE
589 Pine Avenue, Sunnyvale
Listed at $1,580,000
Sold for $1,850,000 ($225,000 over list price)

964 Erica Drive, Sunnyvale
Listed at $2,488,000
Sold for $3,145,000 ($647,000 over list price)

745 Silvertip Way, Sunnyvale
Listed at $2,288,000
Sold for $2,803,000 ($515,000 over list price)

180 Brahms Way, Sunnyvale
Listed at $1,198,000
Sold for $1,460,000 ($262,000 over list price)

1027 Azalea Drive, Sunnyvale
Listed at $2,290,000
Sold for $2,960,000 ($670,000 over list price)

401 Novato Avenue, Sunnyvale
Listed at $1,749,000
Sold for $2,420,000 ($671 ,000 over list price)

1597 Kennewick Drive, Sunnyvale
Listed at $2,888,800
Sold for $3,500,000 ($612,000 over list price)
13 Offers

813 Henrietta Avenue, Sunnyvale
Listed at $2,548,000
Sold for $2,810,000 ($262,000 over list price)

1072 Freestone Avenue, Sunnyvale
Listed at $2,578,000
Sold for $3,050,000 ($472,000 over list price)

1642 Canary Drive, Sunnyvale
Listed at $3,690,000
Sold for $4,150,000 ($460,000 over list price)

1035 W McKinley Avenue, Sunnyvale
Listed at $1,988,800
Sold for $2,610,000 ($621,200 over list price)
10+ Offers

1129 Prescott Avenue, Sunnyvale
Listed at $1,758,000
Sold for $2,150,000 ($392,000 over list price)

113 Maidenhair Terrace, Sunnyvale
Listed at $1,525,000
Sold for $1,750,000 ($225,000 over list price)
6 Offers

1690 Waterbird Terrace, Sunnyvale
Listed at $2,998,000
Sold for $3,500,000 ($502,000 over list price)

1461 Bedford Avenue, Sunnyvale
Listed at $2,999,888
Sold for $3,590,000 ($590,112 over list price)

137 Avon Terrace, Sunnyvale
Listed at $2,180,000
Sold for $2,580,000 ($400,000 over list price)

1153 Dunford Way, Sunnyvale
Listed at $2,298,000
Sold for $3,060,000 ($762,000 over list price)

898 W McKinley Avenue, Sunnyvale
Listed at $2,498,000
Sold for $2,750,000 ($375,500 over list price)
4 Offers

366 Santa Elena Terrace, Sunnyvale
Listed at $1,399,777
Sold for $1,630,000 ($230,223 over list price)

135 Ivory Palm Terrace, Sunnyvale
Listed at $1,098,000
Sold for $1,380,000 ($661,480 over list price)

825 Kingfisher Terrace, Sunnyvale
Listed at $998,000
Sold for $1,225,000 ($227,000 over list price)

531 Cashmere Court, Sunnyvale
Listed at $2,180,000
Sold for $2,690,000 ($510,000 over list price)

154 Kirbyhill Way, Sunnyvale
Listed at $2,750,000
Sold for $3,250,000 ($500,000 over list price)
6 Offers

1602 Martin Avenue, Sunnyvale
Listed at $2,250,000
Sold for $2,750,000 ($500,000 over list price)

1482 Blackhawk Court, Sunnyvale
Listed at $2,695,000
Sold for $3,420,000 ($725,000 over list price)

687 Conway Road, Sunnyvale
Listed at $2,788,000
Sold for $3,320,000 ($532,000 over list price)

225 N Sunnyvale Avenue, Sunnyvale
Listed at $1,699,000
Sold for $2,000,000 ($301,000 over list price)

1288 Parkington Avenue, Sunnyvale
Listed at $1,999,888
Sold for $2,405,000 ($405,112 over list price)

950 Lantana Drive, Sunnyvale
Listed at $2,288,000
Sold for $3,250,000 ($962,000 over list price)
19 Offers

761 Silver Tip Way, Sunnyvale
Listed at $2,488,000
Sold for $3,300,000 ($812,000 over list price)
6 Offers

1459 Kyle Court, Sunnyvale
Listed at $3,648,000
Sold for $4,350,000 ($702,000 over list price)
15 Offers

1559 Nuthatch Drive, Sunnyvale
Listed at $2,298,000
Sold for $3,075,000 ($777,000 over list price)
12 Offers

802 Humewick Way, Sunnyvale
Listed at $2,490,000
Sold for $2,760,000 ($270,000 over list price)


CUPERTINO / WEST SAN JOSE
20349 Via San Marino, Cupertino
Listed at $2,288,000
Sold for $2,710,000 ($422,000 over list price)
4 Offers

10701 Johnson Avenue, Cupertino
Listed at $2,980,000
Sold for $3,698,000 ($718,000 over list price)

21621 Columbus Avenue, Cupertino
Listed at $3,400,000
Sold for $3,900,000 ($500,000 over list price)
5 Offers

10504 Dempster Avenue, Cupertino
Listed at $3,399,000
Sold for $3,930,000 ($531,000 over list price)

1040 Colony Hills Lane, Cupertino
Listed at $3,480,000
Sold for $4,350,000 ($870,000 over list price)
11 Offers

22204 McClellan Road, Cupertino
Listed at $2,999,000
Sold for $3,450,000 ($451,000 over list price)

18801 Arata Way, Cupertino
Listed at $2,950,000
Sold for $3,500,000 ($520,000 over list price)

10525 John Way, Cupertino
Listed at $2,888,000
Sold for $3,600,000 ($712,000 over list price)
7 Offers

7667 Echo Hill Court, Cupertino
Listed at $3,888,000
Sold for $4,200,000 ($312,000 over list price)

1447 Aster Lane, Cupertino
Listed at $2,799,000
Sold for $3,151,000 ($352,000 over list price)

1114 Yorkshire Drive, Cupertino
Listed at $3,380,000
Sold for $3,660,000 ($280,000 over list price)

6595 Clifford Drive, Cupertino
Listed at $2,200,000
Sold for $2,950,000 ($750,000 over list price)
12 Offers

21836 Hyannisport Drive, Cupertino
Listed at $3,199,000
Sold for $3,740,000 ($541,000 over list price)
17 Offers

22330 Homestead Road #112, Cupertino
Listed at $898,000
Sold for $1,250,000 ($352,000 over list price)

110406 Mira Vista Road, Cupertino
Listed at $3,490,000
Sold for $3,935,000 ($445,000 over list price)

10320 Wunderlich Drive, Cupertino
Listed at $3,188,888
Sold for $3,688,000 ($499,112 over list price)
10 Offers

1082 Queen Anne Drive, West San Jose
Listed at $2,995,000
Sold for $3,325,000 ($330,000 over list price)
5 Offers

6480 Wisteria Way, West San Jose
Listed at $2,998,888
Sold for $3,680,000 ($681,112 over list price)

1326 Burkette Drive, West San Jose
Listed at $1,498,000
Sold for $1,999,500 ($501,500 over list price)
19 Offers

1316 Bing Drive, West San Jose
Listed at $2,298,000
Sold for $3,000,000 ($702,000 over list price)

1078 Queensbrook Drive, West San Jose
Listed at $1,759,000
Sold for $1,999,900 ($240,900 over list price)

1189 Countess Court, West San Jose
Listed at $2,888,850
Sold for $3,510,000 ($621,150 over list price)

767 Springwood Drive, West San Jose
Listed at $2,998,000
Sold for $3,550,000 ($552,000 over list price)


SARATOGA
18922 Congress Junction Court, Saratoga
Listed at $4,380,000
Sold for $4,700,000 ($320,000 over list price)

19995 Scotland Drive, Saratoga
Listed at $3,998,000
Sold for $4,600,000 ($602,000 over list price)

13773 Prune Blossom Drive, Saratoga
Listed at $4,999,888
Sold for $5,600,000 ($600,112 over list price)

19580 Moray Court, Saratoga
Listed at $3,999,888
Sold for $4,500,000 ($500,112 over list price)

13179 Mcdole Street, Saratoga
Listed at $3,425,800
Sold for $3,650,000 ($224,200 over list price)

12668 Cambridge Drive, Saratoga
Listed at $3,798,000
Sold for $4,300,000 ($502,000 over list price)

20535 El Dorado Court, Saratoga
Listed at $4,998,000
Sold for $6,180,000 ($1,182,000 over list price)
8 Offers

12153 Marilla Drive, Saratoga
Listed at $3,598,000
Sold for $4,150,000 ($552,000 over list price)

12775 Saratoga Woods Circle, Saratoga
Listed at $1,998,000
Sold for $2,410,000 ($412,000 over list price)

12414 DeSanka Avenue, Saratoga
Listed at $3,488,000
Sold for $3,800,000 ($312,000 over list price)

Please kindly share your activities or thoughts you have experienced in your own areas recently. Thanks in advance! 

Comments

Post a Comment

Popular posts from this blog

Image
Mortgage Minute with Risha I had to share this. This chart clearly shows the impact of Key Market/Economic events on mortgage rates via the 10 Yr Treasury Note Yield.  Mortgage rates trend to track the 10 yr Treasury Note Yield, which moves based on investor expectations about inflation, Fed policy and economic growth. When the Fed signals that rates will remain steady, it can create more certainty in the bond markets, which could stabilize mortgage rates. If investors interpret the pause as a sign that inflation remains stubborn, though it could keep Treasury yields higher, maintaining upward pressure on mortgage rates. A simple way to determine current mortgage rate is by adding 2.125/spread to the current yield and TADA.. you have an idea of the 30 yr rate on that day.. Please let know if yo want to upgrade, buy or sell a home or  if you have any questions/concerns.
Read more
Week of April 14, 2025 MARKET MOVEMENTS Tariffs Paused, Buy Everything! Last week, President Trump announced a 90-day pause on reciprocal tariffs, except for China, which saw its tariffs raised to 125%. This led to significant market reactions. The DOW surged 2,600 points, and the S&P 500 gained 200 points. Meanwhile, the yield on the US 10-year note fell to 4.40%, down from nearly 4.60% on Friday. Bonds Shrug off Cooler Inflation Reports Last week, interest rates rose despite weaker inflation readings from the CPI and PPI reports. U.S. bond funds saw heavy outflows, with investors pulling out $15.64 billion. The March PPI dropped by -0.4%, the largest monthly decline since April 2020, which may affect core-PCE estimates. Investors likely ignored these reports since they covered March inflation and didn't reflect the revised outlook after the tariff announcements. Calm Start to the Week Markets are calmer at the start of the holiday-shortened trading week. The Dow Jones is up o...
Read more