Mary Pope-Handy's Market Report

Cupertino, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Cupertino, CA

Sat Sep 21 2019
This week the median list price for Cupertino, CA is $2,300,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 33. Click here to stay informed with the Cupertino market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cupertino, CA

Sat Sep 21 2019
This week the median list price for Cupertino, CA is $2,300,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 33. Click here to stay informed with the Cupertino market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cupertino market.
Median List Price $2,300,000
Per Square Foot $1,132
Days on Market 53
Price Decreased 33%
Price Increased 3%
Relisted 15%
Inventory 33
Median House Rent $4,800
Most Expensive $3,980,000
Least Expensive $1,498,000
Market Action Index
Strong Seller's Market
46

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,893,000 2,757 8,000 - 10,000 sqft 5 4 18 0 0 73
$2,542,500 2,354 6,500 - 8,000 sqft 4 3 51 1 0 54
$2,119,444 1,873 6,500 - 8,000 sqft 3 3 56 1 3 52
$1,788,000 1,272 6,500 - 8,000 sqft 3 2 64 5 2 36