I live and work in Cambrian. One of the defining features are the huge lots. You just don't get large lots anymore. You can always add on and improve a home but you can't grow a larger lot.
In 1990 in a very depressed market, I purchased an 1100 sq. ft. home on a 9,000 sq. ft lot for $229,000 at an interest rate of about 7.8%. I thought that was very high and was happy to sell in 1995 for $243,000. That same house now would sell for between $680,000 and $725,000 (based on it's condition/improvements). Other homes in the area which have expanded, improved the lots, etc, are selling for over $1m.
We are in the slow market right now and the schools in Cambrian are desirable. Cambrian benefits as it is in the middle of Los Gatos, Campbell, Willow Glen and Almaden. Easy commute access also. We don't know what the next five years will produce, we can only look at right now, interest rates are lower, and buyers can negotiate. The availability and cost of funds are questionable for the furture. If you can find a home you like now, negotiate a price you can afford, get a favorable interest rate, and hang on for 5 to 7 years you should do alright. Especially if it has a large lot.