Currently 19 single family homes are sale pending within Lynbrook High school area. Among 7 of those homes have been on the market from 30 days to 70 days. I think more people realized “it is a great time to buy” and grabbed the opportunity. It is still not too late! There are currently 9 single homes available in San Jose part of Lynbrook area, and 8 homes in Saratoga part of Lynbrook High area as of now. Take advantage of the great mortgage rate.
The summer is over and kids are back to school.
How did the real estate market do this summer and how it is changing now?
According to the date from MLSListing, in Cuppertino area, average number of days to sell single family homes in November and December 2010 were 66 days and 78 days. That number improved significantly to 24 days in February of 2011, up to June, the number was 20-34. In July and August, the average number of days to sell increased to 44 and 45.
Here is the number of listings and closed sales / month for the last 12 months.
| Month | New Listings, Number of | Closed Sales, Number of |
| Sep-10 | 66 | 55 |
| Oct-10 | 46 | 43 |
| Nov-10 | 28 | 45 |
| Dec-10 | 22 | 41 |
| Jan-11 | 39 | 20 |
| Feb-11 | 73 | 32 |
| Mar-11 | 80 | 51 |
| Apr-11 | 79 | 55 |
| May-11 | 95 | 61 |
| Jun-11 | 88 | 68 |
| Jul-11 | 86 | 55 |
| Aug-11 | 75 | 44 |
Now, it is less competitive to buy houses in Cupertino compared to a few months ago, and the interest rate is low. It is a great time for buyers!
Happy Labor Day!
Many people will be having BBQ party this weekend and enjoy nice California weather, take advantage of Labor Day Weekend sales at your favorite stores….or hunt for your dream homes!
How did the Labor Day started? According to US Department of Labor, The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. The Central Labor Union held its second Labor Day holiday just a year later, on September 5, 1883.
In 1884 the first Monday in September was selected as the holiday, as originally proposed, and the Central Labor Union urged similar organizations in other cities to follow the example of New York and celebrate a “workingmen’s holiday” on that date. The idea spread with the growth of labor organizations, and in 1885 Labor Day was celebrated in many industrial centers of the country.
I wish everyone happy and safe weekend!