Sunnyvale market conditions are mirroring the rest of Santa Clara County – higher inventory has driven the average selling price of a home down slightly. Also, thanks to the sub-prime lending morass, foreclosures are up.
Here is a snapshot of market conditions as of Monday, June 25:
The area of Sunnyvale that falls in the Homestead High School District (Cupertino Schools) is continuing to command high average selling prices. The areas that fall outside this district are not quite so solid.
As buyers continue to choose homes in the best school districts, we can expect these split market conditions to continue.