It’s a hot seller’s market in Silicon Valley, but it’s also a time of great job growth here! Each week I get calls or emails from people considering job offers in Cupertino, Palo Alto, Mountain View, Sunnyvale, Menlo Park, San Jose and nearby. Many of these recruits are interested in areas with superior public schools.
What’s the cost of buying a house of about 2,000 square feet with 3-5 bedrooms and great schools? A few communities with better education are these: Los Gatos, Saratoga, Cupertino, Palo Alto. We’ll consider these to provide a sense of prices in similar areas.
Here’s a quick look at what single family homes have been selling for over the last three months:
- Los Gatos: mostly $1,200,000 to $2,200,000 depending on the school district, averaging about $1,700,000
- Saratoga: mostly $1,400,000 to $2,300,000 depending on the school district, averaging about $1,900,000
- Cupertino: mostly $1,700,000 to $2,100,000 depending on the school district, averaging about $1,950,000
- Palo Alto: mostly $2,000,000 to $3,300,000 depending on the school district, averaging about $2,650,000
If you are new to Santa Clara County, you may be wondering if this is correct. It is…
Please continue reading here:
How do prices compare between Los Gatos, Saratoga, Cupertino and Palo Alto?
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
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.
If you’re moving to San Jose, Santa Clara or Silicon Valley from out of the area, there are a few items you may want to assemble in your “toolkit” as you are choosing a place to live. Some of these you can obtain for free, online or from me. Others you’ll need to purchase.
A Barclay’s Locaide will not only give you a detailed view of the area, but it will also outline earthquake faults, flood plains, and other natural hazard zones you might want to know about. You can buy one at most local bookstores or online for $59.95 (see link above)
A School District Map of the County with school district boundaies will be a big help to you here, as schools are the #1 thing that drive home values. You can buy one at bookstores or online for about $5
A Relocation Guide with community information for our various towns, cities, and neighborhoods will be immensely useful.
San Jose is a large city, almost 1 million in population, and within it there are many districts, such as Willow Glen, Almaden Valley, Cambrian Park, Evergreen, West San Jose, Japan Town, Naglee Park, Vendome, Rosegarden, Shasta-Hanchett, Blossom Valley, Santa Teresa, Berryessa, Happy Valley, and many, many more! Additionally, there are many other cities and towns and they have their own subdivisions etc. too. So a guide to community information is imperative. I can email you one on request. If you wish to purchase a book, a good one is the Moon Travel Handbook’s “Silicon Valley Handbook”
It is also helpful to have a knowledgeable Realtor as your resource! Please call me if you’d like assistance in your move to SIlicon Valley. I’d be happy to help you.
In Silicon Valley, or Santa Clara County, we have a relationship between city or town boundaries and school district boundaries that is unusual compared to most parts of the country. They just don’t always line up!
I blogged about this at my Live in Los Gatos blog awhile ago and thought this would be helpful information here for anyone relocating to SIlicon Valley:
So if you are thinking of moving to the Santa Clara Valley, it’s a good idea to get a school district boundary map in hand. Even if you don’t have kids, it’s important to understand that schools drive home values – so it matters to you whether or not you have children!