Sunnyvale Elementary School Gap Appears to be Closing

Sunnyvale Elementary School Gap Appears to be Closing

Posted Under: Home Buying in Sunnyvale, Home Selling in Sunnyvale, In My Neighborhood in Sunnyvale | October 17, 2012 11:56 AM | 13 views | No comments

The gap in performance between schools in the Sunnyvale Elementary school district appears to be closing, based on the recently released latest API results. For many years, we had Cherry Chase #1 and Cumberland #2 both FAR ahead of the rest of Sunnyvale schools in Academic Performance Index (API). Ellis Elementary then emerged as a clear #3 with the remaining schools still far behind.

However, the latest results show a strong improvement in Bishop Elementary (+25) and good improvement in San Miguel Elementary (+7) while a couple of the top schools Cherry Chase (-11) and Ellis Elementary (-4) dropped slightly. If Bishop Elementary and San Miguel Elementary continue their climb, they will break the 800 API barrier next year. From an investment point of view, you might be wise to buy houses in those two neighborhoods while they are still below the psychological 800 barrier.

By the same token, now may be the smart time to buy in the Cumberland Elementary neighborhood. Cumberland Elementary looks poised to overtake Cherry Chase as the #1 ranked school in the Sunnyvale School District. If/when that happens, it will be a huge psychological stimulus for Cumberland home prices.

Robert Lei, REALTOR, ePRO
Century 21 M&M and Associates
474 E. El Camino Real
Sunnyvale, CA 94087
(408) 893-2410

Sunnyvale Somerset of Sunnyvale by Summerhill Homes in Cumberland, Sunnyvale Middle, Homestead High School District

Somerset of Sunnyvale

"Somerset of Sunnyvale" is a cluster of Single-Family Homes built by Summerhill Homes in Cumberland Elementary, Sunnyvale Middle, and Homestead High School district in the mid 1990s. These homes are a good combination of being relatively new, yet built early enough that they have decent-sized lots and are located in a good neighborhood just south of Washington Park. To get to this community from Washington Park, walk south on Pescadero Terrace or Sunset Ave. The other streets in this community are Markham Terrace, Kearney Terrace, Redondo Terrace, and Pismo Terrace.

Schools

The schools for this community are all highly rated:
Cumberland Elementary
Sunnyvale Middle
Homestead High

Price Trend

The most common models and their price trend are as follows:

Large: 1644 square feet, 4 bedrooms, 2.5 bathrooms
4/16/11 $1,007,900 <-- The recent price this spring was nearly back up to spring 2008 value
9/1/08 $1,000,000
6/28/08 $998,888
5/7/08 $1,009,161

Medium: 1568 square feet, 3 bedrooms, 2.5 bathrooms
5/4/11 $952,000 <-- In less than a year, the price has gone up $30,000
7/30/10 $922,000

Small: 1354 square feet, 3 bedrooms, 2.5 bathrooms
4/15/09 $815,000 <-- April 2009 was the BOTTOM of the recent downturn
5/2/08 $948,000

Sometimes statistics that are too general, such lumping the entire city of Sunnyvale, don't tell the price trend accurately because the median and average price for an entire city might simply describe a change in the mixture of sales between northern and souther Sunnyvale. However, since I am comparing EXACT same model homes in the same complex, my data above gives an accurate picture of the price trend. The bottom of this downturn was in April 2009 and ever since then the price trend has been gradually upward in the Cumberland Elementary/Sunnyvale Middle/Homstead High neighborhoods. Talk to me if you'd like me to analyze your particular neighborhood.

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