In quite a few good neighborhoods, housing prices are already above the historical highs achieved last time in the year of 2006/2007.
Below are the data from MLS listings for houses sold from Jan 2004 to Feb 2013 for single family houses in Campbell, Cupertino, Los Altos, Los Altos Hills, Los Gatos. Monte Sereno, Mountain view, Palo Alto, Santa Clara, Saratoga and Sunnyvale.
4 Bedroom – 2 Bath Average Prices
New High. The current 2013 4/2 average price is $1,310,000 – slightly ABOVE the 2007 high of 1,252,000. This is only going to get higher before the year is through. We’re just getting started. This reflects an 7% gain over last years end which saw close to an 11% overall gain in this home size. But remember this is only 2 months into the year!!! 7% is a lot for two months.
Average sale price for 4 bed, 2 bath single family house in good neighbor in Silicon Valley
3 Bedroom – 2 Bath Average Prices
Current 2013 3/2 average price is $1,066,000 slightly ABOVE the 2007 high of 1,065,000. Again, this is only going to get higher before the year is through. These and the 4/2s are the vast bulk properties of the market. Oh, by the way, this reflects around 8% gain over last December. 2012 overall saw an 8.5% gain in this home size.
3 bed, 2 bath Single Family House Average Sale Price from Jan 2004 to Feb 2013 in Good Areas in Silicon Valley
