Sales Fall in Cupertino Real Estate Market

In this week's report, the number of homes sold in the Cupertino market fell to 33 over the past 30 days, a decrease of 8.3% from last week's report, but still above the monthly average. On the other hand, close-by San Jose registered 645 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $1,718,000, down from last week's $1,719,000. There is only one month of inventory available in Cupertino, so it's a definite seller's market, even with the decrease in sales.

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Demographic facts for Cupertino:

  • The median age of all homes is 39.
  • The rating in which jobs are expected to grow is 62. (Scale: 1 = Worst, 100 = Best)
  • This area has an average school expenditure per student of $5,443. ($5,691 = national average)

Data reported through 10/12/2016


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