patrick.net

In Sunnyvale, there are currently 227 homes for sale and 265 homes in some state of foreclosure (NODs, NOTS, bank owned). Lots of pent up supply will be hitting the market soon.

EBGuy,
where do you get this data? (NOD stuff)

I am looking at this area as well, but so far, nothing seems to change these greedy owners. Lets look at the history:
Property History for 973 HARNEY Way
Date Event Price Appreciation Source
Jun 17, 2009 Listed $1,349,000 -- MLSListings #80929316
Jun 02, 1999 Sold $550,000 -- Public Records

It was sold for 550K and now the owner wants 1.35M or 12% YoY appreciation. There is no housing crash here.

BTW, EBGuy, not all sunnyvale count, 94087 is kinda prime in Sunnyvale with the best schools. 94089 is Ghetto and 94086 is mixed. As long as the foreclosures hit this area, these owners will continue to drink the kool-aid.

Thanks Zeta for the link, this probably affected some homeowners' brain as well. ROFL.

http://www.scorecard.org/env-releases/land/county.tcl?fips_county_code=06085

This sites provides some useful information about contaminated/Superfund sites. You will be surprised to know that many new developments (condo/townhomes) in Santa Clara County are sitting on right Superfund sites. This site used to have a map of Superfund sites in Santa Clara, but I cannot access anymore. May be the server is down temporarily. Check back later.

This house looks nicer inside then a lot of the current rentals in Sunnyvale, plus it has a pool, and is in a more desirable micro-neighborhood...even though it is still an average suburb. There are very few homes over 3k in the area except for homes like this which is why I priced the rent at 3400 which is the higher end for Sunnyvale. Even at that price and the interest rate adjusted for what it is today...at best the place is worth $799k tops....which is MUCH less than the listing price and far more realistic for the area and location when borrowing money in todays world.