Mary Pope-Handy's Market Report

Cupertino, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Cupertino, CA

Wed Mar 20 2019
This week the median list price for Cupertino, CA is $2,649,888 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 23. 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

The market has started cooling and prices have been flat for several weeks. Since 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

Wed Mar 20 2019
This week the median list price for Cupertino, CA is $2,649,888 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 23. 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

The market has started cooling and prices have been flat for several weeks. Since 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 $2,649,888
Per Square Foot $1,052
Days on Market 28
Price Decreased 22%
Price Increased 4%
Relisted 4%
Inventory 23
Median House Rent $4,995
Most Expensive $4,398,000
Least Expensive $1,970,000
Market Action Index
Strong Seller's Market
71

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$3,268,000 3,618 0.25 - 0.5 acre 5 4 9 1 2 29
$2,811,500 2,968 6,500 - 8,000 sqft 4 3 37 2 0 56
$2,493,888 2,347 6,500 - 8,000 sqft 5 3 53 2 0 22
$2,074,000 1,919 6,500 - 8,000 sqft 4 3 58 4 4 4