Wed Jan 22 2020
This week the median list price for Cupertino, CA is $2,100,000 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has held steady at or around 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,100,000|
|Per Square Foot||$1,015|
|Days on Market||102|
|Strong Seller's Market|
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,371,500||3,230||0.25 - 0.5 acre||4||4||27||1||0||21|
|$2,675,190||3,368||0.25 - 0.5 acre||5||3||29||0||0||262|
|$2,044,000||2,110||6,500 - 8,000 sqft||4||2||55||1||0||56|
|$1,789,000||1,442||6,500 - 8,000 sqft||3||2||54||1||0||79|