Laurelwood is one of the best elementary schools in the Santa Clara Unified School District and the neighborhood is nice. However, some buyers want to buy in neighborhoods with all 3 schools -- elementary, middle, and high school -- in the 900s or very high 800s API.
http://www.greatschools.org is a good website to compare schools. Some parents like to focus on a school's API score (Academic Performance Index) which are results achieved through State testing. In my opinion, a school is only as good as the children who tested there - that year. California Department of Education link: http://www.cde.ca.gov/ta/ac/ap/ provides API information for it's schools as well as a Parents Guide that might be of help to you.