By posted by Theresa Wellman of the Intero Saratoga office
Location, Location, Location…you’ve heard this right? Well of course it matters in many perspectives, but when looking at market statistics and trends, it is crucial to think and stay as local as possible. So keeping in mind that location makes a big difference, I have analyzed market data by MLS area (rather than just Santa Clara county statistics) to get a better idea of where each local market stands today.
The data shows that most sales are happening in Santa Teresa, Evergreen, Alum Rock, Berryessa, Milpitas, South San Jose, Blossom Valley, and Cambrian. These markets are also the ones that have seen some of the largest price drops. Values are at phenomenal levels in these neighborhoods. Did you know that a single family home under $300,000 exists in Silicon Valley? Well it does and that’s why first-time buyers and investors are jumping into the hot markets mentioned above.
Read up on the local area statistics to find out where today’s buyers are and where you also can go to get great values in Silicon Valley real estate.
Have more questions about local markets? Make a comment on my blog!
See Also
- Theresa Wellman – REALTOR, EcoBroker
Theresa provides an exceptional real estate service above and beyond the norm which translates to putting her clients first. – 408.839.4196 - Intero Real Estate Services
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