Wednesday, March 13, 2019

Mixed real estate market


House prices in early 2019 are showing some signs of stabilization. Like last month, some houses are still dropping their listing prices but at the same time, some of them are selling for much higher than asking price ! This is similar to last month but unlike what was seen last year - when most of them were selling for less than asking. Here is a sample for this month :

1. 3390 Tracy dr Santa Clara sold ~$110k above asking at $1.8mill on 3/11/19
    This is interesting as it is a ~1250 sqft house going for a reasonably high price !
2. 18453 Farmingham way Cupertino sold $0 above asking $2.45mill on 3/11/19
3. 10169 N Blaney ave Cupertino dropped listing price by ~$300k to $2.1mill
4. 11220 La Jolla ct Cupertino dropped listing price by $200k to $2.48mill
5. 10510 Deodara dr Cupertino sold $200k above asking at $2.01mill on 3/8/19
6. 289 La Herran Dr Santa Clara sold for $220k above asking at $1.7mill on 3/13/19
    This is similar to first one where a ~1280 sqft house selling for 1.7million !
7. 10395 Bret Ave Cupertino sold $192k above asking for $2.18mill on 3/23/19
8. 1326 Nelson way Sunnyvale sold $50k less than asking at $2.2mill on 3/22/19
    This is a ~1450 sqft house going for more than $2million !

Read from this sample is that price on low end has increased or the floor of prices have been lifetd higher. House above $2mill are still trying to find a stable point. 

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