Tuesday, June 21, 2011

Exploding Home Prices in Silicon Valley?

Census shows empty homes, apartments in California
Californians saw the share of empty homes and rental apartments rise over the last decade, census data showed on Thursday in the latest news on the state's battered housing market. The Golden State's homeowner vacancy rate shot up from 1.4 percent to

Home Prices Exploding in Silicon Valley Amid More Millionaires

A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up home values in suburban cities south of San Francisco. The median price of single-family houses sold in Palo Alto, home of Facebook Inc., climbed

Market Recap
The chart below shows that cities east of highway 880 are still experiencing a very high demand for housing.

For Comparison: Sales in the cities west of highway 880 are consistent, although not as strong as cities east of highway 880.

Market Snapshot
The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

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Nathan Nahouraii