Relocating to San Jose

Evergreen The Ranch view of Downtown San Jose

Evergreen The Ranch in the East Valley area of Santa Clara County – view of Downtown San Jose

Are you mulling over a job opportunity in the tech capital of the world, Silicon Valley?  If you’re relocating to San Jose, or nearby, there are a few helpful things to know right away.  Here’s a quick primer:

  • San Jose is located at the southern end of the San Francisco Bay, so is part of the SF Bay Metro Area (and is about 1 hour south of San Francisco, which locals call The City)
  • This sprawling city has a number of different districts or communities.  There are also quite a few school districts – school lines are not based on city or zip code boundaries.
  • The beach at Santa Cruz is anywhere from 30 – 60 minutes away from most of San Jose (assuming you don’t go at the peak of “beach traffic” timing on a weekend or holiday).
  • San Jose is also the home of Silicon Valley, which began here in Santa Clara County, but has now spread throughout the area
  • This city is the 10th largest in the United States (though poll most people who aren’t in The Golden State and they couldn’t tell you where it is).  The population recently hit the 1 million mark.  The county has about 1.9 million people and the Silicon Valley region (Santa Clara County, San Mateo County, and a little each of Santa Cruz County and Alameda County)
  • Home prices are just about the highest in the nation.  The average price of a house in the area is $1 million.  And that is not for
  • a big home, in most cases.  Sticker shock is the #1 reason why some people won’t move here – and why others move away.  Rents are, similarly, high.  It’s not uncommon to hear of people spending half their income on housing.
  • Weather is often ideal – 300 sunny days per year, so you won’t need that basement if you’re coming from someplace with long, cold winters.  Winter here is pretty much just December and January, and even in January you’ll see some trees pop alive with beautiful blossoms.
  • San Jose has frequently been named the best place to raise a kid.  Just google that 🙂
  • Next to housing or real estate prices, traffic is the second biggest complaint.

Looking for more info?  Here are some links:

Facts about San Jose, the Capital of Silicon Valley

San Jose is big and sprawling: where the the districts?

  1. 0 beds, 0 bath
    Home size: 18,320 sq ft
    Lot size: 37,126 sqft
    Year built: 1948
  2. $9,800,000 : 0 sierra, SAN JOSE
    1 bed, 1 bath
    Home size: 1,000 sq ft
    Lot size: 664.00 ac
    Year built: 1958
  3. 4 beds, 5 baths
    Home size: 4,500 sq ft
    Lot size: 45.97 ac
    Year built: 2004
  4. 6 beds, 10 baths
    Home size: 6,685 sq ft
    Lot size: 17,859 sqft
    Year built: 2016
  5. 0 beds, 0 bath
    Home size: 11,486 sq ft
    Lot size: 18,974 sqft
    Year built: 1960
  6. 0 beds, 0 bath
    Home size: 12,152 sq ft
    Lot size: 8,698 sqft
    Year built: 1925
  7. 0 beds, 0 bath
    Home size: 11,258 sq ft
    Lot size: 19,998 sqft
    Year built: 1960
  8. 0 beds, 0 bath
    Home size: 7,818 sq ft
    Lot size: 16,500 sqft
    Year built: 1959
  9. 5 beds, 7 baths
    Home size: 7,004 sq ft
    Lot size: 2.37 ac
    Year built: 2005
  10. 4 beds, 3 baths
    Home size: 2,311 sq ft
    Lot size: 4.02 ac
    Year built: 1974
  11. 5 beds, 5 baths
    Home size: 5,761 sq ft
    Lot size: 11,077 sqft
    Year built: 2006
  12. 5 beds, 4 baths
    Home size: 4,107 sq ft
    Lot size: 13.68 ac
    Year built: 1991
  13. 5 beds, 4 baths
    Home size: 4,107 sq ft
    Lot size: 13.70 ac
    Year built: 2001
  14. 4 beds, 7 baths
    Home size: 6,203 sq ft
    Lot size: 2.45 ac
    Year built: 2017
  15. 5 beds, 6 baths
    Home size: 6,139 sq ft
    Lot size: 13,068 sqft
    Year built: 1998
  16. 4 beds, 5 baths
    Home size: 6,025 sq ft
    Lot size: 2.17 ac
    Year built: 1981
  17. 5 beds, 3 baths
    Home size: 4,527 sq ft
    Lot size: 14,300 sqft
    Year built: 1992
  18. 5 beds, 5 baths
    Home size: 5,094 sq ft
    Lot size: 14,461 sqft
    Year built: 1993
  19. 5 beds, 5 baths
    Home size: 5,002 sq ft
    Lot size: 2.31 ac
    Year built: 1979
  20. 5 beds, 5 baths
    Home size: 3,594 sq ft
    Lot size: 8,398 sqft
    Year built: 2017
  21. 4 beds, 3 baths
    Home size: 2,723 sq ft
    Lot size: 5.62 ac
    Year built: 1949
  22. 4 beds, 3 baths
    Home size: 2,723 sq ft
    Lot size: 5.62 ac
    Year built: 1949
  23. 5 beds, 3 baths
    Home size: 4,851 sq ft
    Lot size: 7,501 sqft
    Year built: 2007
  24. 5 beds, 4 baths
    Home size: 3,965 sq ft
    Lot size: 22,651 sqft
    Year built: 1999
  25. 6 beds, 6 baths
    Home size: 7,250 sq ft
    Lot size: 1.09 ac
    Year built: 2008

See all San Jose, California Real Estate.
(all data current as of 11/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Silicon Valley homes for sale

Graphic image of a magnifierIf you are searching for Silicon Valley real estate, or Silicon Valley homes for sale, you may discover that you get overwhelmed with choices and housing results.

The biggest problem is that the area is simply enormous.  Most agree that Silicon Valley is an area covering Santa Clara County, San Mateo County, part of Santa Cruz County (Scotts Valley) and part of Alameda County (Fremont – and some also add Union City and Newark). It’s a lot of territory – 1,854 square miles.  As of last year, this much territory was home to between just over 3 million people.

So if you are in house hunting mode, the very first thing you need to do is to understand your anchor point. The anchor point is the thing which you want to be near. For most people, that’s a work location (and in many cases, it may be 2 work locations). Sometimes it’s proximity to family members, a place of worship, a particular school or any number of things.  Most of the time, the main anchor point is the place of employment and desired commute time, tempered by things like good schools, shopping, parks, things to do, and quality of life.

Narrowing the home search geographically

Moving here to work in Scotts Valley?  Much of Santa Cruz County may work – but so could living in Los Gatos, Campbell or nearby, where you’d have a reverse commute.

Relocating for a job in Mountain View?  Most likely, you’ll eliminate Santa Cruz County due to distance and commute challenges with Highway 17 going over the Santa Cruz Mountains.

If good public schools matter, that will help to refine your search, as not all parts of the southern San Francisco Bay Area have equally good education.

Below I’ll post sample listings from communities noted for better public schools in Santa Clara County up to 1.2 million, which seems to be a very hot price point that many relocating home buyers can afford. I do also serve San Mateo and Santa Cruz Counties, but most of my clients are looking at Santa Clara Co., so limiting this search here.  Unfortunately, Alameda County (Fremont, Union City, and Newark are there) has a totally different MLS so usually I don’t work there – but am happy to introduce you to a great Realtor who does (please just email me and I will connect  you).

Santa Clara County homes for sale with good schools up to $1,200,000

Palo Alto

  1. 2 beds, 1 bath
    Home size: 1,109 sq ft
    Lot size: 1,224 sqft
  2. 2 beds, 1 bath
    Home size: 906 sq ft
    Lot size: 1,951 sqft

See all Real estate in the city of Palo Alto.
(all data current as of 11/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Los Altos

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

Cupertino

  1. 2 beds, 2 baths
    Home size: 1,154 sq ft
    Lot size: 1,054 sqft
  2. 1 bed, 1 bath
    Home size: 1,106 sq ft
    Lot size: 1,298 sqft
  3. 1 bed, 1 bath
    Home size: 640 sq ft
    Lot size: 1.14 ac

See all Real estate in the city of Cupertino.
(all data current as of 11/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Saratoga

  1. 2 beds, 1 bath
    Home size: 948 sq ft
    Lot size: 1,319 sqft

See all Real estate in the city of Saratoga.
(all data current as of 11/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Los Gatos

  1. 4 beds, 2 baths
    Home size: 1,866 sq ft
    Lot size: 12,959 sqft
  2. 4 beds, 4 baths
    Home size: 2,188 sq ft
    Lot size: 2.03 ac
  3. 2 beds, 1 bath
    Home size: 935 sq ft
    Lot size: 6.40 ac
  4. 3 beds, 2 baths
    Home size: 2,400 sq ft
    Lot size: 1.19 ac
  5. 3 beds, 3 baths
    Home size: 1,448 sq ft
    Lot size: 670 sqft

See all Real estate in the city of Los Gatos.
(all data current as of 11/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Milpitas

  1. 3 beds, 4 baths
    Home size: 1,404 sq ft
    Lot size: 1,742 sqft
  2. 3 beds, 2 baths
    Home size: 1,146 sq ft
    Lot size: 5,998 sqft
  3. 4 beds, 2 baths
    Home size: 1,528 sq ft
    Lot size: 5,501 sqft
  4. 1 bed, 1 bath
    Home size: 767 sq ft
    Lot size: 435 sqft
  5. 3 beds, 3 baths
    Home size: 1,280 sq ft
    Lot size: 1,267 sqft

See all Real estate in the city of Milpitas.
(all data current as of 11/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Almaden area of San Jose

  1. 3 beds, 2 baths
    Home size: 1,710 sq ft
    Lot size: 8,681 sqft

See all Real estate in the Almaden Valley community.
(all data current as of 11/22/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Want more areas? Please search below, or use the widget in the sidebar.

What’s that smell? Odor problems in some communities

Angry faced iconOdor problems are a sensitive topic, whether you’re talking about someone just in from exercising or a whole town or neighborhood. Home for sale with a periodic stench? That won’t be listed in the MLS, and it may be down played in the disclosures.  This can be very upsetting if you learn it only after you move in.

The most common issues in Santa Clara County seem to relate to either agricultural areas, food processing, or sewer / sewage processing. Other issues can be at dumps, areas with standing water (bad idea as this can breed disease bearing mosquitos), and food or other consumable processing plants (not common in Silicon Valley). A brewery or coffee roasting plant can be stinky at times. Get downwind of any of these and it may be unpleasant.  On a much smaller scale, it’s possible to have a bad neighbor who creates an odor nuisance, making life unpleasant.  I’ve had clients tell me of neighbors who “go out to their back yard and smoke pot every day”, making my client’s back yard an unpleasant place and nearly unusable.  Other bad neighbor problems can be from yards with too many pets and not enough cleanup, or poor composting.

For folks relocating to Silicon Valley, though, it’s important to be aware of smelly or potentially smelly areas.  The locals know about them – and you should, too.

Communities with well known odor problems

Gilroy, in the “south county” area, is well known as the Garlic Capital of the World.  There’s a Garlic Festival late each July.  To be sure, the smell is strong when the garlic ripens in the field.  I can often smell it all the way in Los Gatos on a warm summer morning!  The smell is also strong when it’s getting processed at the plant along Highway 152.  Gilroy has a nice downtown area and is more affordable than most of Santa Clara County. It enjoys a Caltrain stop so offers an easier commute than most places in the San Jose area.

Morgan Hill, just a little north of Gilroy, but also in south county, has a mushroom festival (the Mushroom Mardi Gras in late May each year).  Mushrooms are a super food but mushroom farms smell pretty awful.  Currently, there are 3 mushroom farms in Morgan Hill. Buying in that beautiful city?  Visit the area many times, at different times of the day and week.  Talk to neighbors and see if you can find out if this is an issue for them – I want to note that it is not a problem everywhere.   Morgan Hill is also more affordable than most of the San Francisco Bay Area, also includes a very nice downtown, and features a Caltrain stop too. (I’m told that Google and Apple buses have stops there as well.)

Milpitas, on the northeast end of the county, sometimes has problems from the wind carrying smells from a landfill near the bay on the east side of Alviso. There’s also a sewer processing plant in the same general area that may be contributing to the challenge. It’s bad enough that there’s a whole website dedicated to this problem:  http://milpitas-odor.info/  This smell is not confined to just Milpitas but may be experienced in adjacent areas such as Alviso, north San Jose,  northern Santa Clara, and southern Fremont, but Milpitas appears to get the brunt of it. Milpitas has really strong public schools, is “close in” and convenient for many commuters, and is not as expensive as communities on the west side of the valley with similarly high scoring schools.  It’s a very good “bang for your buck” in terms of the amount of home / school you get for your money.  But the odor problems have been enormous ones over the years.

The Shoreline park in Mountain View was a landfill at one time, and years ago was well known to have issues with smells and also with spontaneous combustion fires that began as the gas from composting materials somehow lit.  That was almost 20 years ago and the situation has been corrected for many years now. (You can read more on that here.)

There’s a landfill in the Almaden area of San Jose near the Los Gatos border, the Guadalupe Landfill (that area was originally a mercury mine).  I’m not aware of odor problems coming from this one, but due to Milpitas’s ongoing nightmare with bad smells, some of the waste that might have gone to the Newby Island landfill will now be going to Guadalupe, starting in late 2017.

What can a newby to Silicon Valley do?

First, read the disclosures very, very carefully.  Often home buyers breeze through them and don’t ask probing questions on what something means.  A seller may write “occasional agricultural odors” and that doesn’t sound too bad.  What if that means half the time, you cannot miss the mushroom farm?  Ask questions to get more info on the disclosure answers.  And talk to neighbors as well as local real estate agents.

Second, learn where these items are located, if local: food processing plants, water processing plants, landfills, farms, ranches, homes with farm animals (if any).  You might be surprised that in Silicon Valley you could have a 4-H neighbor who’s raising a goat or some other type of animal – it may smell or be noisy!   In my east Los Gatos neighborhood, I was surprised that a neighbor about 5 houses away had goats for 4-H, and glad they weren’t any closer!

 

Slideshow of Silicon Valley neighborhoods

List of homes for sale by price point

Below please find a way of searching for homes by price point in much of Santa Clara County.  Listings for all of San Jose are first as this area is about half the county.  Below that, many areas are represented (but this is not all of the county).  Please use the Quick Search, immediately below, to see all possible results.

 

 

San Jose (all areas)

 

Beach Traffic

One of the many lures to the San Jose area and Santa Clara County generally is the fairly close proximity of the beach at Santa Cruz, Capitola, Rio del Mar, and other scenic places that line the Monterey Bay. From most of Santa Clara County, it’s under a one hour drive. If you live in Los Gatos, it could be just half of that.  That said, not all days are created equally when it comes to beach traffic. Go on a regular weekday in summer and it’s pretty much a piece of cake. Go on a weekend or holiday and it’s a whole other matter.

Photo of Capitola Beach as seen from the Capitola Pier on a sunny summer day with colorful beachfront condos lining the shore

Capitola Beach as seen from the Pier – photo by Mary Pope-Handy

Most of the locals know this about holidays or weekends and the shore: go early or don’t go.

How early is early enough?

If you want to get over the hill before it’s stop and go traffic, I suggest 9:30am or earlier.  It can be backed up as early as 9:30 or 10. Coming home from the coast, the line of cars may move sluggishly as early as 3 or 4pm if the fog rolls in early.

If you go early, you can enjoy breakfast with a bay view in Capitola on the esplanade. Or hit wonderful Gayle’s Bakery in that same town with some piping hot coffee before taking in a walk at the coast.  Sometimes there may be a marine layer (fog), but it usually burns off by late morning.  The beach will be fairly quiet if you arrive before the crowds.  Or go a little later and have an early lunch at the Crow’s Nest at the harbor.  Play in the surf  and sand and return around 3:30 or so, and it will be a lot easier than a 5pm trek across the Santa Cruz Mountains.

Related reading on MPH’s other sites:

Spending Summer Days In Santa Cruz? Some Tips & Favorite Places to Share (Valley of Heart’s Delight blog)

Beach towns in Santa Cruz County (from popehandy.com)

California and Bay Area Real Estate Market at a Glance

Today we’ll take a look at the housing market from a very high overview position, that is, by metro area within California. How’s the San Francisco Bay Area, which includes Silicon Valley, faring in comparison to the rest of the state? And how is the real estate market within the 9 Bay Area Counties? Have a look at the statistics to get a sense of the market at a glance. (Note: SFH stands for Single Family Homes.)

Silicon Valley is found primarily in Santa Clara County, but also substantially in San Mateo County.  There are some pockets, very small, also in Alameda County and Santa Cruz County.  Santa Cruz County is not considered part of the SF Bay Area, but part of the Monterey Bay Area and the Central Coast (the SF Bay area is considered Northern California.)

Statistics for Bay Area Real Estate Market

Statistics for Bay Area Real Estate Market care of the California Association of Realtors

What does it take to buy a home in Silicon Valley?

Graphic of people running to an open houseYou’ve probably heard that buying a home in Silicon Valley is a bit like purchasing real estate in Manhatten, London, Tokyo, Paris, or other regions where the prices are in the stratosphere.  It’s true. It’s a strong seller’s market.

And yet, every day, homes are bought and sold in the San Jose – Palo Alto – Foster City area.  They aren’t all cash; perhaps 20-30% are bought without any loan or mortgage, but the rest of the properties are sold with some sort of financing.

Here’s a quick summary of what is needed to buy a house, condominium, or townhouse in Silicon Valley (this list applies MOST of the time and with few exceptions):

  1. A large down payment is needed – usually 25% or more – to win in the multiple offer situations which are the norm right now.
  2. Nerves of steel: it’s scary to buy a house, but here, many homes are purchased without the normal contingencies for loan, appraisal or inspection.  (But home sellers do provide a full battery of inspections that you can review before making your offer in most cases.)
  3. The ability to move quickly and decisively as the best homes sell very, very fast – often in a week to nine days.  In the last 30 days, there were 385 houses which sold and closed in the city of San Jose.  Of those, 282 went under contract and became pending sales in 14 days or less.   That’s 73%.    In Sunnyvale the numbers were 47 and 47, so 79%.  Here you need to be 110% sure.  If you give off signals that you are hesitant, your offer is unlikely to be accepted.
  4. It’s a big help if you have a really good Realtor who’s known, liked and respected in the local real estate community.  Listing agents will prefer to work with an agent who’s trusted. In some areas, like Palo Alto, many homes sell “off market” and then the full inventory tends to be known only by those local and trusted agents.
  5. A strong lender, especially if you are coming from abroad, who’s experienced in tracking work history, credit, etc. in other countries (and in some cases other languages). Don’t just walk into a bank and pick someone.  Get a good recommendation, either from someone at your company who’s had a similar experience or from your Realtor, who should be used to working with international home buyers.
  6. Being clear on priorities and being able to put them in order is crucially important.  It’s usually not possible to get everything on the wish list and also get it in budget.  So decide which is most valuable to you: schools, commute time, home type (perhaps you can get what you want, where you want – but only if you buy a condo?), commute time or?

Those are the key ingredients.  Perhaps the hardest one, when getting started, is the last one.  Let’s talk about that.

Priorities list: pick any 2 out of 3

A request I often get is to find a nice sized home and yard in good shape with good schools and a commute to Palo Alto that’s under an hour.  So far, so good.  Then comes the desired price tag: under $1,200,000 or under $1,500,000.    You can get the home, yard, schools, and commute, but it won’t be under $1.5 million for a good sized, remodeled house and a big yard with better schools.   The price tag fitting that description is probably closer to $2 million due to our clogged commute routes.

One of the best areas in terms of schools and pricing is Cambrian, which is a part of San Jose, with either the Union School District or the Cambrian School District.  You can get a Cambrian home with good schools for under $1.4 million and it will have a decent sized lot, be in good condition, etc.  But the morning commute to Palo Alto will likely be a little more than an hour, and the evening commute perhaps 80-90 minutes, depending on where in PA or Cambrian you’re going and what time it is.  A nice house in east Los Gatos with the same schools but more house and yard will probably run around $1,700,000 to $1,800,000 for 2500 SF on a 10,000 SF lot.

Cupertino has great schools but the houses there tend to start at around 1.5 million – so if you are ok with a townhouse or condo, that might work.

The upset as reality sinks in

Most home buyers, even if they’ve studied the market here intensely before arriving, go through some strong emotional stages as they learn the real estate ropes and what their budget can and cannot buy.   Sometimes the main shock hits before arriving, though.  Recently I got an email from someone moving here from the south, who lamented the situation with a question along these lines:  “can you explain to me why home prices in Silicon Valley are 5-6 times more than they are in Atlanta?”  It is that bad, yes, and I am sorry.  It is upsetting.  The faster you can move through the shock and upset, the sooner you’ll be able to clear the emotional clutter and buy that next home and really settle in.

Focus on the positive

The good news is, aside from the cost of housing and the traffic, San Jose – Sunnyvale – Los Gatos and whole Silicon Valley region really is a wonderful place to live.  We enjoy 300 sunny days a year on average.  San Jose has often been named the best place to raise kids.  The intellectual climate cannot be beat as we have great minds from all over the world here.  The coast is close, and so is San Francisco.   If you do buy a home, appreciation may be substantial, far more than in most of the U.S., if you can “buy and hold“. (We’ve had a lot of real estate corrections and downturns since the 1940s, but look at some old Los Gatos real estate home prices then and see the buy and hold value at its best.)

The biggest challenges in moving to Silicon Valley

Finding Affordable HousingMoving across the state, country, or globe always presents opportunities – but also challenges.  What are the biggest hurdles for people moving to Silicon Valley?

The cost of housing is the # 1 challenge for newcomers to Silicon Valley

For most people, the hardest issue is the cost of housing in the San Francisco Bay Area.  Whether buying or renting, it’s extremely costly here.  Depending on where you’re coming from, it could be man, many times more expensive. Finding affordable housing is the # 1 challenge for people relocating to Silicon Valley.

How does it compare to other places?  It is close to on par with New York  City, about 50% more expensive than Austin, TX, and about 1/3 more than Chicago, IL.  Check Sperling’s Cost of Living comparison to get a good sense of how it relates to your current home town.

Not only are the houses, condominiums, townhouses and apartments more expensive, but most of our homes are smaller too.   Continue reading

How’s the Silicon Valley real estate market?

What’s going on with the Silicon Valley real estate market? Is it as crazy as ever with multiple offers, overbids, and few or no contingencies?

In many cases, yes – especially in the more affordable price points in areas with good schools and shorter commutes. Those areas are the ones most in demand.    And as before, comparing the three counties (San Mateo, Santa Clara, and Santa Cruz), San Mateo is the most expensive and overall it becomes less expensive in Santa Clara County, then less expensive still in Santa Cruz County.  Alameda County has a little of Silicon Valley, but that area is in a totally different MLS system so is not part of this analysis.

What does it cost to buy a house in Silicon Valley?

In Santa Clara County (home to Palo Alto, Cupertino, Sunnyvale, Mountain View, San Jose, and my own Los Gatos), the average sale price is about $1,150,000 and the median sale price has been bouncing around in the $900s range for the last few month.

In San Mateo County (home to Redwood Shores, Foster City, Menlo Park, San Mateo), the average sale price is in the range of $1.4 to 1.5 million for houses recently sold.  The median is a little lower, closer to $1.2 million.

In Santa Cruz County (Santa Cruz, Scotts Valley, Aptos, Capitola, Soquel), it’s more affordable.  The average sale price of houses recently has been in the 800s, and the median sale price has been right about $700,000.

How is the year over year appreciation in these different parts of Silicon Valley?

Naturally, it’s easier to buy near Santa Cruz than in San Jose, but the demand tends to remain stronger in the areas with the jobs as opposed to the coastal communities, so appreciation is usually stronger in the areas where it’s hardest to purchase.   That seems to be true in a very similar way in San Mateo County, too – yes, it’s less costly to buy in Half Moon Bay, and in an up market it’s great, but in a down market it will not fare as well as Belmont, San Mateo etc.

Santa Clara County
http://rereport.com/scc/print/Mary.PopeHandySCC.pdf

Santa Clara County – prices up over 2014 by 6-8% appx

RE Report ANNUAL SCC Chart 2016-1-25

  • Median home prices increased by 7.9% year-over-year to $917,000 from $849,975.
  • The average home sales price rose by 6.4% year-over-year to $1,157,360 from $1,088,090.
  • Personal note: appreciation in this range is fairly sustainable, as compared to the appreciation in 2014, which was closer to 20%.  Double digit appreciation is usually a little worrisome since it often is not sustainable.

2016-02-01_Annual RE Report for Santa Clara County

San Mateo County
http://rereport.com/scc/print/Mary.PopeHandySMCannual.pdf

San Mateo County – prices up from last year

  • Median home prices increased by 21.9% year-over-year to $1,170,000 from $960,000.
  • The average home sales price rose by 3.7% year-over-year to $1,482,950 from $1,429,870.

Santa Cruz County
http://rereport.com/scc/print/Mary.PopeHandySZCannual.pdf
Santa Cruz County – prices off year over year

  • Median home prices fell by 0.4% year-over-year to $700,000 from $702,500.
  • The average home sales price dropped by 10.4% year-over-year to $801,516 from $894,204.

Within all of these market areas, there are hotter and cooler locations, school districts, price points, etc.  Often there are work arounds to maximize the sale or purchase of a property.  For instance, some homes have a pool that eats up the whole yard.  That might make a home difficult to sell, so perhaps you can buy it without competing against so many offers – and then remove the pool later.  Often the “fixes” are not as costly as you may think.

Want to buy or sell in Silicon Valley?  Please reach out to me. I’d love to chat with you about it and see if we might work together.

Mary Pope-Handy

Realtor,
CIPS, CRS, ABR, SRES
Sereno Group
214 Los Gatos-Saratoga Rd.
Los Gatos CA 95030
[Silicon Valley, California, USA]
1-408-204-7673
mary (at) popehandy.com
CA BRE # 01153805

CIPS - Certified International Property Specialist
CRS - Certified Residential Specialist
ABR - Accredited Buyer Representative
SRES - Seniors Real Estate Specialist

Helping nice folks to buy and sell homes in Silicon Valley since 1993. Mary Pope-Handy, Realtor, Silicon Valley

Mary’s Other Sites


popehandy.com
Silicon Valley Real Estate: San Mateo, Santa Clara, Santa Cruz Counties, and especially
Los Gatos real estate

ValleyOfHeartsDelight.com
Santa Clara County Real Estate


SanJoseRealEstate
LosGatosHomes.com

Real estate in Santa Clara County, focused on west side communities of San Jose, Los Gatos, Saratoga, Campbell & nearby

Live in Los Gatos blog
Los Gatos neighborhoods, real estate, events, history, parks, businesses & more

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Listings by Price Range

Below please find a list of SOME of the popular Silicon Valley areas with listings offered by price range. This is not a complete list! Please use the "search" app to find ALL properties on the MLS.

Trends & Statistics

Click the link below to get real estate data for Santa Clara County, San Mateo County, and Santa Cruz County (together making up about 98% of "Silicon Valley").

Real Estate Market Statistics and Trends for Santa Clara County


Comps near any address in Santa Clara County
Listings and Sales Near Any Address in Santa Clara County

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