Multiple offers in Cupertino

Posted on March 30, 2010 by Connie Miller 
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The market is really heating up, perhaps nowhere more than in Cupertino.  In the month of March there have been numerous properties that have gone under contract in Cupertino with an astonishing number of buyers vying for the same property.  Here are just some of the data points our office has been able to piece together.  They might not be exact because this data was collected from calls and networking but they are representative of the level of activity in the market:

19773 Wintergreen      Listed at $974,888       Sold for $1,120,000    20 offers

1570 Bonnie Joy         Listed at $938,000       Sold for >$1,030,000  17 offers (2 ALL CASH buyers, close in 5 days)

7428 Tiptoe                 Listed at $1,150,000    Sold for >$1,200,000  10 offers (4 ALL CASH buyers)

7572 Lockford            Listed at $999,000       Sold for ~$1,050,000  9 offers

7912 August                Listed at $998,000       Sold for ~$1,030,000  5 offers

10445 Westacres         Listed at 969,000         Sold for ~$1,050,000  10 offers (Totally fixer upper!!!)

801 Betlin                    Listed at $888,000       Sold for ~$950,000     5 offers (2 ALL CASH buyers)

5073 Shady                 Listed at $899,000       Sold for $970,000       13 offers

10607 Glenview          Listed at $1,099,888    Sold for ~$1,150,000  17 offers

21330 Columbus         Listed at $1,298,000    Sold for ~$1,330,000  7 offers

10250 Mann                Listed at $895,000       Sold for >$1,050,000  30 offers

883 S. Tantau              Listed at $685,000       Sold for $740,000       9 offers

76 Arcadia                   Listed at $768,000       Sold for ~$840,000     27 offers

To all of you sellers, hear this, it is an incredible time to be selling.  To all of you buyers, selecting an agent who has the skills to get your offer accepted in this competitive buying environment is paramount.  Some buyers think discount agents who rebate a percentage of their commissions are the way to go.  But the likelihood is that a discount agent, will not help you win in this tough battle.  X percent rebate of zero wins is still zero if your offer is not accepted.  Be wise and pick an agent experienced in winning in this environment.  Oh why yes, I am one of those experienced agents.  Call me now and I can help you develop a winning strategy.  Connie 650-279-7074

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