Housing prices in our city, Sunnyvale, CA, setting new records

PUBLISHED: March 2, 2018 at 5:00 am | UPDATED: March 7, 2018 at 8:50 am

SUNNYVALE — The small, unassuming home in the Cherry Chase neighborhood was on the market just two days before it sold for $2 million, a whopping $550,000 over its asking price.

In this red-hot real estate market, the price tag barely caused a stir. What did was the other number that turned the home into another Bay Area record-breaker: It sold for the highest square-foot price recorded in Sunnyvale — a stunning $2,358, according to MLSListings, which tracks homes sales going back to 2000.
The jaw-dropping price tag suggests Sunnyvale, which has traditionally been less expensive than neighboring cities
Cupertino or Palo Alto, is becoming a real estate destination in itself.

“I was blown away by it,” Doug Larson of Coldwell Banker, the real estate agent who sold the home, said of the price it fetched.

Scary. Based on the cost per sq ft, our home is worth over $3.5 million.