Cupertino currently only has 36 homes listed for sale. The real estate ranges in price from a low of $500,000 for an undeveloped lot at 0 Stevens Canyon Rd. to a 13.69 acre lot at 22045 Regnart Rd, Cupertino, CA which is currently listed for sale at $5,500,000. This property is listed with Intero Real Estate, one of the leading real estate companies selling property in Cupertino. The majority of the real estate currently listed for sale is tear down homes or lots/development opportunities with views of the Open Space Preserve.
According to Trulia, home prices in Cupertino increased by 4% this past year. This price increase represents a value of $72,000 compared to prices last year. The average square foot price is currently $981. Looking at the values of current homes for sale in Cupertino compared to home sales just a few years ago, we see a startling uptrend which is resulting in home prices that are out of reach to all but the wealthiest residence. Looking at values dating back to 2012, we see prices where only about $900,000. This pricing trend shows us that prices hav doubled in only four years! According to multiple economists including those from Zillow, prices are expected to stabalize this year and the may possibly even decrease by about 1%. If these pricing predictions hold, it would be a relief to local residence who are hoping to afford a home.
Suprisingly, rent for homes in Cupertino is relatively affordable. Looking at the current homes available, it appears that monthly rent has been stable, hovering around $3800 to $4000/month, which seems pretty reasonable considering the current average home prices.
A few of the top Cupertino real estate agents who are available and offering both buyer and seller services according to Zillow include Sunita Merchia, a real estate agent with the Intero Real Estate Company. Another option is Sophie Tsang a REALTOR with Alain Pinel Realtors. Lastly, Julie Wyss works with clients in Cupertino. She is a broker with Keller Williams and one of the best reviewed real estate agents on the Zillow network. She has more than 200 five-star reviews from her past clients. Her current average review is five-stars. She has been ranked by the Wall Stree Journal as one of the top 250 agents in the country as of their most recent rankings in 2016.
Of course, Homes For Sale Cupertino is another great resource for finding and hiring a Cupertino real estate expert. The team can assist clients with hiring a local real estate agent who can handle residential, condos, multi-family housing, commercial opportunities as well as vacant land and development real estate. The team has a solid history of helping people find and buy homes in Cupertino.
The real estate team provides regular news and market updates throughout the communities of Cupertino, San Jose and cities throughout the Bay Area. You can check out their blog here.