Santa Clara County House Bidding War Continues in 2013

We all know that housing inventory is low and buyers are bidding up for the housing price. If you are one of them, hope the following most updated info can give you some help when you put your own offer and make you feel more confident and less nervous when you add so much more above the listing price to try to get the house you want.

  • 587 Templeton Drive 4 bed, 2 bath.  listed below 1M – 7 offers offer accepted over 1.1M
  • 585 Templeton Drive 4 bed, 2 bath.  listed at 1.05M  – 10 offers looks like it went for 1.2 M
  • Rockeffeler Dr. Sunnyvale, not remodeled, mostly original condition 3 bed, 2 bath. listed at $988K over 17 offers sold for 1.175M
  • 729 Winstead Terrace, Sunnyvale. 2 bed 1.5 bath, 1160 sq ft. List price: $588,000. 20 offers –  sold to an offer with all cash, went over asking price (+15 %). no contingency, as is, short close.
  • 1580 Darlene Avenue, San Jose, listed at $899,000, 11 offers, 4 over $1,000,000
  • 661 Woodhams, Santa Clara, listed at $699,000, 16 offers, sold for “in the ballpark” of $750,000.  1 offer all cash, it was not selected.  Home was in original condition (60 years), winning offer had loan contingency only
  • 984 Alpine Terrace #1, Sunnyvale. List price $568,000 – 2/2, 1553 sq ft. 6 offers. Seller didn’t take the highest at $650,000 zero contingencies but took the second highest with all cash, closing in 8 days.
  • 237 Sierra Vista Ave, Mountain View. List price $639,000. 2 bed 1.5 bath , 1394 sq ft. Seller took the highest over $700k all cash.
  • 975 Belmont Terrace #3, Sunnyvale. List price $499,000. 3/2.5, 1348 sq ft. 6 offers, 3 of them at $550,000 and above… probably accepted an offer close to $580k (with a loan).
  • 5097 Capistrano Ave, San Jose 95129 @ $825k – There were 5 offers above $900K.  Four offers at, or above, $945K..
  • 849 KIM STREET, Cupertino 95014, which had 31 offers and went for over $1.2Mil, was listed for $1,048,000.
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