That said, a property that comes with land - single family or duplex - will usually be in greater demand than condos and townhomes. As prices rise, the price of a single family or duplex will rise first and the value of condos and townhomes will follow after. But when a market declines, it's usually true that single family homes and duplexes will hold their value longer while condos and townhomes decline in value first.
The ABAG push for local cities to build high density housing is going to change the ratio between single family and multifamily housing. With relatively more high density homes the demand for single family homes might grow quicker. If this push for high density housing made it so your duplex could be converted into a 4-plex, it could be a bonanza.
Santa Clara home values at http://julianalee.com/santa-clara/santa-clara-statistics.htm
If you look at the price per sq ft for Santa Clara Condos vs Single family homes the recent swings in prices have been more pronounced for condos.
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I would have to ask you what your goal is in purchasing real estate. Usually a duplex is purchased as an investment or a combined owner occupied and investment home. Sometimes two families will go in together. Duplexes tend to be located in zoning geared towards multi units and the price per square foot should be lower than a single family located in a single family zoning.
Single family homes tend to have greater demand, and condos with their prices being on the lower end may have more buyers due to their pricing.
Appreciation is somewhat across the board. If real estate appreciates 10%, a duplex at $700,000 should appreciate $70,000, a single family at $500,000 appreciates at $50,000, and a condo at $350,000 appreciates $35,000. As you see they all appreciated at 10% but because you purchased at a higher rate the return is higher. We can go into leveraging, interest and down payment, but this should give you an idea.