Comparing real estate market conditions in Almaden, Los Gatos, Saratoga, Cupertino, Sunnyvale and Los Altos
For people relocating to Silicon Valley, often there’s not just one city, town or area which seems like a good fit. Sometimes it may come down to what your money can buy or how difficult it is to purchase in one area versus another. This is frequently the case with the “West Valley” areas where schools are good and the neighborhoods are tidy.
There are two statistics which are especially helpful in understanding the Santa Clara County real estate market. One is the “days on market” or DOM. The shorter this is, the hotter the market – and the harder it is to purchase. The second is the sale price to list price ratio, which hints at the existence of multiple offers, overbids, and buyers giving away all of their rights.
Today, then, we’ll have a look at these, starting with Almaden, the southernmost area, and working our way north along the coastal range. The charts below are all for single family homes (houses and duet homes, not condos or townhomes).
Almaden Valley is a district within the city of San Jose. Its boundaries roughly follow the 95120 zip code, though there are some parts of nearby zip codes which somewhat overlap into Almaden too. How’s the Almaden market? Red hot! Days on market is crazy low – a mere 16! And the average sale price is almost 104% of list price…and rising!
Almaden Valley, San Jose, 95120 days on market and sale price to list price ratio
If you are relocating to Silicon Valley and wish to choose an upscale or luxury neighborhood, where should you begin looking? Where are the very best areas in or near San Jose?
Here are some quick lists of areas in Silicon Valley areas which enjoy beautiful estate properties:
Luxury Home Neighborhoods in Silicon Valley’s west side
Most of the more expensive parts of Silicon Valley are along the “west valley” areas, and these all enjoy excellent public schools. If you were to look at a topographical map, they would be the cities, towns and neighborhoods close to the coastal foothills (also known as the Santa Cruz Mountains). Or if you looked at a road map, most of them would be on the west side of Highway 85. Unless otherwise noted, the districts, cities or towns are all in Santa Clara County.
These “west valley communities” are listed from southernmost to northernmost, extending from southwestern San Jose up into the San Francisco Peninsula.
Almaden Valley (part of San Jose)
Cupertino (foothills area in particular)
Los Altos Hills
Portola Valley (San Mateo County)
Woodside (San Mateo County)
Hillsborough (San Mateo County)
These are not the only places to find high end real estate in the South Bay area, though – it’s just that most of them are located along the west valley corridor.
More Luxury Home Neighborhoods in Silicon Valley
More communities which are “exclusive” can be found:
The Silver Creek area of San Jose (eastside, within the Evergreen district)
Part of the Alum Rock neighborhood near the old San Jose Country Club (also on the east side).
The Rosegarden area of central San Jose
The Naglee Park neighborhood near downtown San Jose
Willow Glen enjoys some beautiful old mansions (between downtown SJ and the west side)
Part of the Mission District of Fremont (Alameda County)
Eagle’s Ridge community in Gilroy (south part of Santa Clara County)
Something to be aware of is that many of these areas are served by more than one school district. In some cases, the different school districts can be very different in terms of school performance scores. In Saratoga, for instance, there are 3 different districts. Two have excellent scores and the third has good scores – but very different numbers! This can be a surprise to people who relocate to Silicon Valley: so be aware of this quirk if you move here! (Even if you are not interested in utilizing the schools, know that they are a prime driver in home values and pricing.)
Would you like to learn more about luxury real estate & homes in Silicon Valley? I have some other blogs with posts that you might find helpful
Related posts on the Valley of Heart’s Delight blog:
The Silicon Valley Luxury Home Market (browse listings over $2 million in a few areas)
Related posts on the Live in Los Gatos blog:
Many relocating families search specifically for neighborhoods with the very best schools. There are many sites which will give you this information in immense detail, but if you want a “quick answer” on excellent schools in Silicon Valley and San Jose, I can give that to you quickly here.
The finest public schools and districts (with excellent scores at all levels of schooling) tend to be found in the most expensive parts of Santa Clara County, and most of them are along the “west valley” areas, including Almaden Valley (an area of San Jose), Los Gatos, Monte Sereno, Saratoga, Cupertino, Los Altos, Los Altos Hills, and Palo Alto. Most of these communities are found along the base of the coastal foothills, aka the Santa Cruz Mountains, are are located not too far from Highway 85. The Silver Creek area (of the Evergreen District of San Jose) on the east side also has some fine schools. There are pockets with great elementary schools scattered throughout the valley too.
What do these homes cost? In the best areas, it is not uncommon to spend a million dollars or more for a “turnkey” home of 1800 square feet with no issues (no high voltage lines, no busy road, etc.). In some areas, like Saratoga, that might be closer to $2 million.
In many parts of Santa Clara County the elementary schools are excellent, middle schools are “very good” and the high schools are good. This is true for parts of west San Jose (bordering Cupertino and Saratoga) and Cambrian Park. These areas tend to be much more affordable than those with excellent schools in all levels. For home buyers not so worried about high schools as cost, these can be a great option for getting more home (and school) for your money.
While many home buyers are reluctant to consider private schools, sometimes it is much less expensive in the long run to purchase a comfortable home in an area you like but which doesn’t have fantastic schools and then send your kids to private or parochial schools. In Los Gatos, where the schools run from very good to exceptional, about one-third of students are not in public schools.
If you are planning a relocation to Silicon Valley and want to know more about local schools (public or private) please email me at mary (at) popehandy.com and I’ll be happy to chat with you about them more in person. I can also help you to find areas which are more affordable and offer strong schools.