Your Home Sold Guaranteed Realty (+1-408-763-8131), an expert local property Brokerage, have recently released a report on the current status of the housing market in Cupertino and the surrounding areas.
Santa Clara, United States - September 16, 2021 /PressCable/ —
The newly published report indicates that the Cupertino real estate market is characterized by low inventory, meaning that there is currently a low number of properties available for purchase in the area while the high demand for new homes remains the same. Due to the global health crisis, there have been major fluctuations in the local real estate market in Cupertino and, as such, many buyers and sellers are facing uncertainty when looking for their next real estate investment opportunity.
More information is available at resimplified.me/blog-cupertino-market
For this reason, local buyers may face more competition and higher prices than they did in the pre-pandemic market. The increased demand for homes has been spurred on by the low-interest rates for homes in the Santa Clara County communities. The average interest rate for a 15 year fixed mortgage is at a low of 2.52%.
This combination of low-interest rates and high demand has caused the average property value in Cupertino to increase by 9.5% in the past year alone. For this reason, Your Home Sold Guaranteed Realty indicates that it is presently a seller’s market in Cupertino, with homes selling rapidly at top prices.
Moreover, there are signs that the property inventory has been increasing in the past months, with 131 new homes being listed in May of this year. They estimate that the supply-demand curve will become more balanced due to the prospective increase in inventory in the coming months, meaning that it is currently the ideal time to sell realty while demand is still high.
At recent rates, Cupertino listings are on the market for 26 days before they are purchased, at an increase of 13% over the past 12 weeks. Your Home Sold Guaranteed Realty offers comprehensive selling support to homeowners looking to take advantage of the strong real estate market conditions. They provide a range of real estate services, including listing and managing properties.
They guarantee to sell homes within a set period or they will buy them themselves at a pre-agreed price. They are dedicated to providing people with rapid property sales, closing on homes at an average selling price of 7.3% higher than the listing price.
More information can be found by visiting https://www.trademyhome.com or by calling +1-408-763-8131.
Contact Info:
Name: Sharad Gupta
Email: Send Email
Organization: Your Home Sold Guaranteed Realty By Gupta Group
Address: 5201 Great America Parkway, Suite 320, Santa Clara, California 95054, United States
Phone: +1-408-763-8131
Website: https://www.trademyhome.com/
Source: PressCable
Release ID: 89045744
