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John Souerbry's Blog

By John Souerbry | Broker in Palo Alto, CA

Palo Alto Leads Silicon Valley In Home Value Growth 2/7/2012

It’s no secret that Silicon Valley’s employment numbers are improving ahead of state and national figures, and that home values in the area are also going up as a result.  Looking at changes in estimated home values over the past 12 months in our heat map (below), we see that Palo Alto (area shaded purple-ish) is currently the epicenter of Silicon Valley home value appreciation.

Communities adjacent to Palo Alto, including Menlo Park, Woodside, Portola Valley, Los Altos, Los Altos Hills, and parts of Mountain View, are also enjoying improved appreciation.  Simple conclusions:  1) improved regional employment = regional housing market recovery, 2) property values will begin to rise in outlying areas as prices improve in core Silicon Valley communities, 3) buyers should begin looking and taking action now, prices may continue going up throughout the Valley, 4) sellers who have been holding off listing their property may want to test the market now.

 Silicon Valley housing market information

For detailed local and regional housing market statistics, visit www.jsrealproperty.com and click on “1 Minute Housing Market Report.”

Visit Silicon Valley MLS Search to search the local MLS for properties of all types in Santa Clara, San Mateo, Santa Cruz, Monterey and San Benito Counties.

Contact Us for help buying and selling Silicon Valley real estate.


Tags: Silicon Valley real estate market, Palo Alto homes and land, Silicon Valley homes and land, Menlo Park homes and land, Woodside homes and land, Portola Valley homes and land, Palo Alto REO foreclosure homes, northern California real estate, Silicon Valley real estate agents

John A. Souerbry & Associates (DRE 01370983)  Tel (650) 815-6182

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