Instant Home Info: Opportunity is Knocking in Silicon Valley!

Tuesday, February 8, 2011

Opportunity is Knocking in Silicon Valley!

Sales of single-family residential homes are on the upswing. The resurgence of Santa Clara County real estate is being led by the areas of Mountain View, Santa Clara, Campbell, Gilroy, and Cupertino, per year-to-year comparisons reported by the California Association of Realtors.

Of these areas, Mountain View leads the way with a mere 63 days on market and a respectable median sales price of $891,000.

Not to be outdone, single family homes in Los Gatos priced under $2,000,000 are selling at two months on market or less, according to current data from Taketa, Miller & Associates. Meanwhile, higher-end homes in Los Altos Hills priced at $4,000,000 or more are also seeing improved market activity.

Naturally, there is variety in the Santa Clara County sales data depending on the property locale and the price range. What we are seeing is a gradual improvement in residential sales prices coupled with a reduction of days spent on market. When you add the current statistical trends to the historic strength of the Silicon Valley real estate market, it shows a sunny forecast for Spring home sales!

It’s no surprise that the demand for housing in Silicon Valley remains strong and will continue to grow. While no area of the country was immune to the effects of a national recession, Silicon Valley has unique advantages over other markets. Here’s just a few of the reasons why:

Silicon Valley and the surrounding Bay Area ranks first in high-tech jobs nationwide, with 387,000 related positions.
Silicon Valley has the highest concentration of high-tech workers in any metropolitan area, amounting to approximately 30% of its workforce.
The average salary of a high-tech Silicon Valley employee was $144,800.00, according to a 2008 survey.
Silicon Valley benefits from the favorable employment laws of California, which attracts highly-educated, highly-skilled workers.
The dynamic culture of Silicon Valley encourages start-up companies, who in turn have access to numerous venture capital providers.

All considered, it’s a good time to buy or sell a home in Silicon Valley! As your Silicon Valley real estate agent, I understand the value of high-tech, but my business is built around personal service. I invite you to review the testimonials from my prior clients. Better yet, contact me today, and see for yourself how I can help you with real estate opportunities in Silicon Valley!

Shannon Rose
Silicon Valley Real Estate Expert
Visit My Silicon Valley Real Estate Website
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There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work. That said, in my experience as a real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs. This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients. So when you decide that you'd like to buy or sell a home in the Silicon Valley, please contact me.

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Silicon Valley is in the southern part of the San Francisco Bay Area in Northern California. Typically considered to be comprised of several counties; San Mateo, Santa Clara, Alameda and Santa Cruz. The region is home to many of the world's largest technology corporations., such as Yahoo, Google, Apple, eBay, Cisco, etc. The term originally referred to the region's large number of silicon chip innovators and manufacturers, but eventually came to refer to all the high-tech businesses in the area; it is now generally used as a metonym for the American high-tech sector. Despite the development of other high-tech economic centers throughout the United States and the world, Silicon Valley continues to be the leading hub for high-tech innovation and development, accounting for one third of all the venture capital investment in the United States. Geographically, the Silicon Valley encompasses all of the Santa Clara Valley including the city of San Jose (and adjacent communities), the southern Peninsula, and the southern East Bay. This includes cities such as Mountain View, Palo Alto, Sunnyvale, Cupertino, Fremont, San Mateo, San Carlos and many more!