SF Peninsula Real Estate Guru

Sunnyvale again presents a different picture than either Palo Alto or San Carlos.

Here is the data:

Sunnyvale home sales in the first 8 months of the calendar year increased from 2003 to 2004 - reaching a peak of 698 in 2004.
2005 sales dropped about 10% from 2004 sales.
2006 sales were about 40% below the peak year of 2004.
2007 sales have actually increased about 8% over 2006 sales.

It is interesting to discover that the three cities present three slightly different data scenarios. Typically the peak sales period was found in 2004. From 2004, the number of sales in all three of these cities have decreased in years 2005, 2006, and 2007. I will check the historical data but my sense is that sales in 2005, 2006, and 2007 were similar to what we found in 2001 and 2002.

It is interesting to note that there HAS NOT been any collapse in sales from 2006 to 2007. Sales have actually increased in Sunnyvale this year - and have remained the same in San Carlos and have decreased slightly in Palo Alto.

It is just a normal market - sales go up and sales go down - nothing new there.

Hopefully having some longer-term perspective helps both buyers and sellers gain a sense of security in the market.

 I will continue to explore the data and report this data to you.