We know that Silicon Valley real estate prices are sky high and housing affordability is pretty awful.  How does it look county by county in California?

CAR 2015 Economic Forecast Housing Affordability by CA County

 

It’s not shocking that San Francisco (city and county are same area), San Mateo County and Santa Barbara are all pricier than Santa Clara County.  But why are Contra Costa and Alameda Counties worse than Santa Clara County?

The reason is that this chart factors in the incomes in those areas with the cost of residential real estate.    Houses may sell for more in Santa Clara County than they do in Alameda County, but people make more money here, too – so that is a compensating factor.

Often people work in the more expensive areas: The City, The Peninsula, or Silicon Valley – and commute from more affordable suburbs in less expensive counties.

As long as gas remains cheap, this will be a strong preference for many (even more so if the Google, Apple, and other similar busses serve the remote outposts).  When gas gets pricey again, as eventually it must, those regions will become far less attractive.  When that happens, it will be felt in real estate pricing as a slide is likely to happen.

The old adage remains true that the three most important things in real estate sales are location, location, and location.

 

(The chart above is from the California Association of Realtors.)

  1. 3 beds, 2 baths
    Home size: 1,108 sq ft
    Lot size: 6,398 sqft
  2. 4 beds, 2 baths
    Home size: 2,157 sq ft
    Lot size: 5,837 sqft
  3. 4 beds, 2 baths
    Home size: 1,787 sq ft
    Lot size: 2.38 ac
  4. 4 beds, 3 baths
    Home size: 2,191 sq ft
    Lot size: 11,922 sqft
  5. 4 beds, 3 baths
    Home size: 2,981 sq ft
    Lot size: 23,160 sqft
  6. 4 beds, 3 baths
    Home size: 1,908 sq ft
    Lot size: 7,287 sqft
  7. 3 beds, 3 baths
    Home size: 1,539 sq ft
    Lot size: 1,742 sqft
  8. 3 beds, 2 baths
    Home size: 1,675 sq ft
    Lot size: 6,499 sqft
  9. 3 beds, 3 baths
    Home size: 1,626 sq ft
    Lot size: 540 sqft
  10. 3 beds, 3 baths
    Home size: 1,650 sq ft
    Lot size: 11,591 sqft

See all Real estate matching your search.
(all data current as of 4/20/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
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San Mateo County, and
Santa Cruz County.
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Special focus on:
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Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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Best Realtor blog award
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Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


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Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
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