However, new home communities at Fusion and 37 Degrees North might help somewhat.
Still that is not as safe a bet as getting a home in a nice neighborhood that is surrounded by other nice neighborhoods.
In terms of growth potential, I would rank the top areas in Sunnyvale in this order:
1. Stocklmeir/Ortega Park
2. West Valley
3. Cherry Chase
In terms of long term price appreciation, you are MUCH better off getting an old small house in a nice neighborhood than a brand new shiny house in a bad neighborhood. I did a comparison over a decade of appreciation of 3 subjects are the results of the 2 old houses in good neighborhoods smashed the performance of the newer house in the mediocre neighborhood. 10 years later, that newer house wasn't so new anymore and it was just a so-so house in a so-so neighborhood. The 2 ugly old houses on the other hand saw their neighbors rip down and rebuild which boosted the entire neighborhoods, even the subject houses that didn't rebuild.
You mention Kind's academy, Harker and cupertino schools which brings in different zip codes. Private and public schools. Private schools allow you to live almost anywhere in town but public schools require you to live within the district and in specific areas. So sit down with a professional who doesn't just say they know but actually lives here or has been buying and selling homes in the area. No one has actually mentioned the different areas and zip codes but something very unique is brewing in Sunnyvale and I would say "don't miss out" This is a great place to live, work and thrive.....I would be happy to talk with any investors or first time home buyers about Sunnyvale with out any obligation of using my services. Born, raised, live and work in Sunnyvale makes me a very passionate about my town. http://www.SunnyvaleHouseFinder.com or http://www.ServingSantaClaraCounty.com
If you you haven't done so already get with a good buyers agent so that you can explore your options, and feel confident in your choices.
If you would like some help, please feel free to contact me with any questions.
At your service,
Certified Distressed Property Expert
It continues to be one of the desirable areas to purchase. As for investment, are you looking for cash flow or appreciation? We are seeing appreciation now in the market. As for cash flow that is a long answer to a specific property.
My advice to buyers (not professional real estate investors), is to not weigh you final housing decision as you would the stock market. It is a home and should be approached that way. Is it the area you want to live in, can you afford it, does it fit your wants and needs? Then using your trusted real estate professional determine the price which you will pay for the home. Today's market people are over bidding. To what price can or will you overbid?
Have an amazing day!