Last weekend, I held a property open with a friend. It was a forty year old Eichler home, being sold by the original owner...unusual in these parts. The house was beautifully maintained, and showed perfectly. It was also in a desirable westside area of Sunnyvale, with excellent Cupertino schools. Eichler homes are known for their floor to ceiling windows, and their open feel. This one also had an atrium entrance and a cul de sac location.
Perfect for casual living, these houses have great appeal for young buyers looking for their modern style, but I have found that home seekers either love them or hate them. Several families who came through the open house were anxious to present offers as soon as possible, whereas others questioned the lack of air conditioning and insulation on hot summer days.
Because no more are being built, growing demand fuels competition. There were four offers on this one in the first week, and it sold quite a bit over the listed price of nearly $1.2 million, with no contingencies and a large down payment.
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