Sunnyvale home market still a hot market

Just made an offer this week on a Sunnyvale single family home.   The home was listed for less than a week and 7 offers were already submitted.   The home is no longer available and is now in pending status.   The home is expected to close above the listing price.

The home is located in a neighborhood with access to the better schools in Sunnyvale (Cherry Chase Elementary, Sunnyvale Middle and Homestead High School).  
Inventory levels are very low for homes connected to these schools.
 
We are entering the spring season where more inventory is expected to hit the market but it appears the attractive neighborhoods, such as Sunnyvale, Cupertino, Mountain View, Los Altos, Palo Alto, Saratoga, Los Gatos, Cambrian, Almaden with good schools will be a Sellers market.    If you are planning to compete in these neighborhoods, be prepared to be more aggressive in your offers.

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