Crazy Silicon Valley real estate: Homes routinely selling for $200,000 or more over asking


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Alain Pinel agent Mark Wong sent out an email blast this morning with this news: Almost 60 homes, mostly in Sunnyvale and Cupertino, sold for $200,000 or more over asking in the last 30 days. And we’re not necessarily talking about fancy schmancy places; the modest Cupertino home in the photo above sold for $660,000 over asking.

Randomly, here are a few of the numbers in Wong’s email:

A home at 1051 Heatherstone Ave. in Sunnyvale listed at $1,888,000 and sold for $2,370,000 — $482,000 over asking. A house at 553 Croyden Court in Sunnyvale listed at $1,998,000 and went for $2,450,000 — $462,000 over asking. A townhouse at 982 La Mesa Terrace in Sunnyvale listed at $1,099,000 and sold for $1,400,000 — $301,000 over asking.

For a townhouse.

“The listing price doesn’t mean anything anymore,” Wong commented. “It’s just a number.”