Mary Pope-Handy's Market Report

Cupertino, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Cupertino, CA

Tue May 21 2019
This week the median list price for Cupertino, CA is $2,321,500 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has held steady at or around 28. Click here to stay informed with the Cupertino market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Cupertino, CA

Tue May 21 2019
This week the median list price for Cupertino, CA is $2,321,500 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has held steady at or around 28. Click here to stay informed with the Cupertino market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Cupertino market.
Median List Price $2,321,500
Per Square Foot $1,093
Days on Market 18
Price Decreased 25%
Price Increased 4%
Relisted 0%
Inventory 28
Median House Rent $4,750
Most Expensive $4,550,000
Least Expensive $429,000
Market Action Index
Strong Seller's Market
71

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
$2,988,330 3,255 8,000 - 10,000 sqft 4 3 26 1 0 18
$2,450,000 2,300 6,500 - 8,000 sqft 4 3 51 4 1 14
$2,198,000 1,983 4,500 - 6,500 sqft 4 2 48 3 1 24
$1,699,888 1,190 4,500 - 6,500 sqft 3 2 67 4 3 16