Palo Alto

Another Silicon Valley real estate market bubble? (Image of bubbles in a hot tub.)Hearing the real estate market “war stories” about dozens of offers on Silicon Valley properties and overbids ranging from 20 – 55% had convinced me that we were in a Silicon Valley real estate market bubble back in early 2013. At least, this is what a bubble looks like, sounds like, feels like, and acts like.   At the time I thought, “how much longer could this continue?”  Four years and counting – that is the answer.

I tell my family and friends that we are in “crazyland” as buyers purchase homes with no contingencies of any kind, houses sell in 10 days or less (if everything is right, which seems to be the case 75% of the time), and those same properties are selling at well over list price and with much more than 20% down.

The absorption rate, or months of inventory: it is a Silicon Valley real estate market bubble?

What do the numbers say?  I just logged into MLSListings.com and see that right now, in all of Santa Clara County there are 817 single family homes (houses + duet or attached single family homes).  The pending and contingent homes measure 1074, far more! That ratio alone suggests that the market is in overdrive.  In the last 30 days, 950 single family  homes have sold & closed escrow.  So the months of inventory is 817 divided by 950 = .86 of a month of inventory, so about 3.5 weeks of inventory. (When I originally blogged about the potential bubble, it was 1.8 months of inventory.)

In other words, things are flying off the shelves. And they have been, with only a few minor blips here and there, since early 2012. Does that sound like a Silicon Valley real estate market bubble to you – a crazy strong seller’s market lasting 4.5 years?  I could be wrong, but I think of bubbles as being something fairly swift, not a multi year trend.

Homes are selling faster than new ones are coming onto the market!

It’s one thing to say that one city, town, or school district has a very low months of inventory (or high absorption rate).  It is another altogether to say an entire county is that low.  This is a major trend, not a tiny blip in the statistics.

How soon we forget that after the outrageously deep seller’s market in 2000, we had a steep drop in 2001.  Or that all the crazy buying in the San Jose area (and other places) in 2005-06, combined with bad financial regulations, lead to the crash of 2007-2009. But perhaps that enormous “correction”, in which Santa Clara County lost about 50% of its value on average, had more room to recover than we initially realized. Jobs keep flowing in, and housing starts are not keeping up. Supply and demand – the age old equation. That would seem to refute the idea that this is a Silicon Valley real estate market bubble. Perhaps low inventory and strong demand are what we should be expecting going forward. Continue reading

What makes an expensive house in the San Jose area more than just a pricey bit of real estate, but instead a Silicon Valley luxury home? How is high end real estate different from the rest of the market? When is a property not just a home with land, but an estate?

In other parts of the U.S., spending $1,200,000 may fetch a 4000 square foot home, new construction, in an upscale gated community with country club amenities such as a golf course, tennis courts, and more. Here, that same $1,200,000 will procure an entry to mid-level single family home in many parts of Santa Clara County. It won’t necessarily be a Silicon Valley luxury home.

Luxury connotes a combination of qualities, features, and amenities. And it includes pricing (relative to the nearby market), condition, land, design.

Pricing Luxury Homes in Silicon Valley: What Do They Cost?

Expensive Silicon Valley homes are not necessarily luxury homes. Depending on the city or town, the price tag could be higher or lower. For instance, a fabulous house on a large lot in Gilroy’s Eagle Ridge might sell for 1/3 as much as the identical type of home, land and neighborhood found in Saratoga, Monte Sereno, or Los Gatos, or Los Altos, if a similar home happened to be available. Generally, though, luxury homes could cost as little as $1,000,000 or so in some parts of Silicon Valley or in neighboring counties, but in most parts of Silicon Valley, a true estate type property will be valued at $2,000,000 or $3,000,000 or more.  In some areas, such as Palo Alto, that $2 million doesn’t go too far and the home you can purchase at that price tag may need major updating – or it could be “land value”.  For our purposes today, we’ll use $2 million as the bottom number for estate properties, but it may or may not be the case in some areas.

Continue reading

Sketch of houseIt can be really challenging for people moving to Silicon Valley to get a sense of real estate prices, and perhaps more, to compare housing costs from one town or district to another.

One question I get a lot is this: what does it cost to buy a 4 bedroom, 2 bath house of about 2000 square feet?

So to answer this question, let’s see what houses like this are selling for (4 bed, 2 bath, appx 2000 SF or 185 square meters) and see how the cost looks in one Santa Clara Count y / Silicon Valley area versus another.

Today I compared several areas and cities using this criteria: single family homes of 1800 – 2200 SF, 3-5 bedrooms, 2-3 bathrooms, on lot sizes of 6000 SF to 10,000 SF. Normally I would chart this over the last 2 months, or 60 days, but because of the low inventory causing the sellers market I have expanded the search to the last 3 months, or 90 days, for a better range. As of this writing, Saratoga only had one sale over the last 90 days, so data for that segment may or may not be a good average.

Here’s how it shakes out in the “west valley areas” along the Highway 85 corridor, most of which are known to have good to great public schools. What areas are most affordable? One way of analyzing this is the “price per square foot” figure. Whenever I update the chart, I re-arrange the order of the cities from high to low based on the price per square foot, although there’s usually minimal movement.

To compare, here are the numbers from the this past January 26, 2017. There were fewer sales, so the search range was bumped up to 120 days instead of 90 days (and Los Altos was so low, it was individually searched at 180 days). You might notice price per square foot appears lower across the board in January compared to July. This is most likely because the market has heated up over spring and summer, which you can also see in the DOM.

Below are my results from the same search back in September 18, 2015. By comparison, you can tell that Santa Clara’s average Price has increased, pushing it above Almaden and Campbell.

How competitive is the market? Have a look at the DOM or “Days on Market” figure. All of these days on market are short, but they range from low to heart-skippingly fast.

In most cases, the priciest and most desirable places have either the best schools or shortest commute location or both (Palo Alto and Cupertino have both). Had I ranked these for school scores, you’d find that Cambrian is fairly high up and a good “bang for the buck” location – though not a super short commute for folks who work in Mountain View (though not so bad for people working in Cupertino).  Almaden, too, offers a good value for the quality of the schools, homes, and neighborhoods, though the commute is longer. None of these is especially close to North San Jose (where a major employer is Cisco).

It should also be noted that in some of the smaller communities with less on the market these numbers may not be as stable as others with more data – for instance, Los Altos only had four homes sold, the second lowest, matching this criteria within the 90 days of collected data, and therefore may not be as accurate as others, such as the Blossom Valley area of San Jose with the most data at 38 homes sold. For these smaller communities with less data, it is beneficial to look at them more closely – Saratoga, for instance, has 3 different high school districts which have an impact the real estate prices. This chart is really just a snapshot to give a general sense of the relative affordability of these markets to one another. Continue reading

Often I have clients who are interested in purchasing a 4 bedroom, 2 bath home in a good school district in Silicon Valley, particularly in the South Bay and West Valley areas. Tonight I did a study on the MLS of homes that have sold and closed escrow in the last 4 months with these characteristics:

  • single family home (house)
  • 4 bedrooms
  • 2 bathrooms
  • 1800 to 2200 square feet of living space
  • 6000 to 10,000 sf lot

Disclaimers aside, here are the numbers for select West Valley Communities in the West/South Bay area with good schools. The first number is the average sales price per square foot, the second number is the average sales price:

And a look at the chart from all back in 2015…

And all the way back in 2011. What’s changed? A lot! The order has shifted some, showing where demand has increased or decreased. Most noticeably, the prices are significantly lower in 2011 than they are now. The 2015 chart shows prices somewhere in-between the 2011 and 2017 levels. Palo Alto and Los Altos remain consistently in the top two positions.

The home prices tend to run with the school district API scores.  You can check the 2013, three year average, API scores in Santa Clara County for both the districts and the individual schools online here.         Continue reading

Art and Wine FestivalsArt and wine lovers, music enthusiasts, and foodies there’s a great season of festivals ahead in the Silicon Valley area!  Here’s a list of many of the nearby art, wine, food and street events which are sure to please!  Below please find there when, where and what for the 2015 season.   Enjoy the bountiful entertainment opportunities that await in Santa Clara County and close by. Remember, not all of these events are free entry, some are not family friendly, and parking can sometimes be tricky, so do your research and read up on the attached links before you visit!

May 16-17, Oxnard, California Strawberry Festival

May 24-25, San Ramon, the San Ramon Art & Wind Festival

May 29-31, San Jose, Japantown, 1st annual J-Town Film Fest

May 29-31, Foster City, 44th annual Arts & Wine Festival

June 5-6, San Jose, Downtown, the 8th annual SubZERO Festival

June 5-7, Menlo Park, 35th annual Nativity Carnival

June 6, Bonny Doon, 13th annual, Bonny Doon Art & Wine Festival (a benefit – must be 21 or older to attend, tickets online)

June 6-7, Sunnyvale, 41st annual Art & Wine Festival

June 17, Menlo Park, Summer Block Party

June 20, San Jose, Downtown, 34th annual Fountain Blues Festival

June 22, San Jose, Willow Glen, 18th annual Dancin’ on the Avenue

June 26-28, Oakland, 40th annual Montclair Fine Arts Sidewalk Festival

June 27, Oakland, Montclair Beer and Wine Celebration (an addition to the Montclair Fine Arts Sidewalk Festival)

Continue reading for more Silicon Valley and San Francisco Bay Area Art & Wine Festivals! Continue reading

Five years ago I wrote my first post about what you can buy for $1,000,000 in Silicon Valley. This is still a significant question for first time buyers in the area and those wishing to relocate to the Valley, so it’s time for a refresher. Here we will take a new look at some statistical averages for homes that sold between $900,000 and $1,000,000 within the last 90 days, comparing various towns, cities, and neighborhoods. There are two charts, one for single family homes and a second for condos and townhomes. There were some places we looked at that had nothing for sale within our pricing – these are listed below the charts with explanations.

For those of you who are curious the post from 2010 is left at the bottom, and we were in a buyers market at the time – very different from the prolonged sellers market we are experiencing now.

To start off with, here is the chart for single family homes:

Single Family Homes for $1 Million
Mountain View
1,079 SqFt
$931.67/SqFt
5,432 SqFt Lot
Age 62
Sunnyvale
1,259 SqFt
$780.20/SqFt
6,054 SqFt Lot
Age 66
Los Gatos
1,647 SqFt
$664.98/SqFt
8,188 SqFt Lot
Age 74
Los Gatos Mountains
2,013 SqFt
$494.50/SqFt
140,266 SqFt Lot
Age 53
Evergreen,
San Jose
2,113 SqFt
$460.43/SqFt
6,828 SqFt Lot
Age 26
Santa Clara
1,429 SqFt
$689.81/SqFt
5,337 SqFt Lot
Age 54
Almaden,
San Jose
1,932 SqFt
$497.88/SqFt
6177 SqFt Lot
Age 43
Willow Glen,
San Jose
1,518 SqFt
$663.86/SqFt
6,414 SqFt Lot
Age 58
Cambrian,
San Jose
1,431 SqFt
$679.98/SqFt
6,754 SqFt Lot
Age 56
Blossom Valley,
San Jose
2,351 SqFt
$406.46/SqFt
6,473 SqFt Lot
Age 28

 

We also searched in Saratoga where there were no homes listed as sold within our criteria. Saratoga is a highly desirable area with most of the homes selling closer to the $2 million marker. For more on the current Saratoga market, check out our market analysis page for monthly updates. Cupertino also returned with no results.

Now on to townhomes and condos:

Condos & Townhomes for $1 Million
Mountain View
1,146 SqFt
$821.26/SqFt
1,865 SqFt Lot
Age 26
Sunnyvale
1,745 SqFt
$552.64/SqFt
1,335 SqFt Lot
Age 13
Los Gatos
1,696 SqFt
$576.40/SqFt
1,747 SqFt Lot
Age 42
Evergreen,
San Jose
2,016 SqFt
$468.01/SqFt
1,742 SqFt Lot
Age 16
Santa Clara
1,790 SqFt
$539.11/SqFt
1,874 SqFt Lot
Age 11
Cupertino
1,099 SqFt
$862.03/SqFt
2,251 SqFt Lot
Age 34
Willow Glen,
San Jose
1,954 SqFt
$486.69/SqFt
1,742 SqFt Lot
Age 40
Cambrian,
San Jose
1,535 SqFt
$605.86/SqFt
1,562 SqFt Lot
Age 8
For various reasons there were a number of areas that did not list results for our search criteria. Saratoga, again, does not make the cut most likely for having a higher price point in general. The Los Gatos Mountains are another area not listed, but that is simply because there are no condos or townhouses in that area. Almaden and Blossom Valley, both neighborhoods in San Jose also came back with zero results.
If you found this post helpful or would like more information on a specific area’s market, look through our market reports, many updated monthly, or contact me.

Now, the original post from September 21, 2010:

You’ve heard that prices are a little high in Silicon Valley.  Even with the recession and the “rollback”, this is still true.  So what can you buy for $1 million here?

In Santa Clara County (which is most of “Silicon Valley”), in the last 3 months there were about 50 -75 homes that sold very close to $1 million.  They were spread throughout the county.  Here’s a snapshot of what a million dollar home in Silicon Valley looks like.

(Reminder: these are 2010 figures)

Santa Clara County:

Home square footage= 2115
Lot square footage = 10,535
Average price per square foot = $531
Average age = 43 years

San Jose as a whole:

Home square footage = 2560
Lot square footage = 8343
Av price per SF = $409
Average age = 37

Los Gatos:Home square footage= 1810
Lot square footage = 8866
Average price per square foot = $580
Average age = 57 years
Saratoga:Home square footage= 2055
Lot square footage = 10964
Average price per square foot = $483
Average age = 53 years
Campbell:

Home square footage= 2454
Lot square footage = 10,468
Average price per square foot = $418
Average age = 33 years

Palo Alto:

Home square footage= 1278
Lot square footage = 6428
Average price per square foot = $816
Average age = 60 years

Depending on where you live, you can get more or less for your money.  In some areas, a million dollar price tag will get you a townhouse rather than a house, too. In some areas, it’s a luxury home, but in many it’s simply a nice, middle-class home.

  1. 4 beds, 2 baths
    Home size: 1,528 sq ft
    Lot size: 5,501 sqft
  2. 2 beds, 2 baths
    Home size: 1,094 sq ft
    Lot size: 283 sqft
  3. 2 beds, 2 baths
    Home size: 1,905 sq ft
  4. 3 beds, 2 baths
    Home size: 1,436 sq ft
    Lot size: 6,708 sqft
  5. 5 beds, 3 baths
    Home size: 2,958 sq ft
    Lot size: 8,799 sqft
  6. 5 beds, 4 baths
    Home size: 2,224 sq ft
    Lot size: 4,212 sqft
  7. 4 beds, 4 baths
    Home size: 2,440 sq ft
    Lot size: 2,378 sqft
  8. 3 beds, 1 bath
    Home size: 1,284 sq ft
    Lot size: 4,621 sqft
  9. 5 beds, 3 baths
    Home size: 2,590 sq ft
    Lot size: 7,000 sqft
  10. 2 beds, 1 bath
    Home size: 1,365 sq ft
    Lot size: 9,178 sqft
  11. 0 beds, 0 bath
    Home size: 1,628 sq ft
    Lot size: 8,023 sqft
  12. 4 beds, 3 baths
    Home size: 1,990 sq ft
    Lot size: 7,949 sqft
  13. 3 beds, 2 baths
    Home size: 1,501 sq ft
    Lot size: 5,998 sqft
  14. 2 beds, 2 baths
    Home size: 1,290 sq ft
    Lot size: 3,367 sqft
  15. 4 beds, 2 baths
    Home size: 1,474 sq ft
    Lot size: 5,601 sqft
  16. 2 beds, 3 baths
    Home size: 1,458 sq ft
    Lot size: 2,522 sqft
  17. 4 beds, 3 baths
    Home size: 2,261 sq ft
    Lot size: 8,036 sqft
  18. 5 beds, 3 baths
    Home size: 2,176 sq ft
    Lot size: 7,840 sqft
  19. 3 beds, 2 baths
    Home size: 1,281 sq ft
    Lot size: 9,347 sqft
  20. 4 beds, 3 baths
    Home size: 2,845 sq ft
    Lot size: 7,000 sqft

See all Real estate matching your search.
(all data current as of 11/21/2017)

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

Overheated marketIn Silicon Valley, the housing market is again quite overheated.

  • Inventory is down.
  • Home sales are down (because inventory is down).
  • And home buyer morale is down in the wake of multiple offers, overbids and bidding wars.

Pricing are rising fast.   Some folks are now getting priced out of the market and many are just giving up until things calm down. We have seen this before: a Déjà vu.

This is not happening uniformly across Santa Clara County, but is a general trend seen with the most popular properties.  These tend to be the most affordable homes in areas close to high tech job centers (such as condos and townhouses in Sunnyvale, Palo Alto, etc.) as well as the least expensive single family homes in areas with good to great schools (think Union Schools area of San Jose’s Cambrian district, homes in west San Jose 95129 with Cupertino schools, plus of course the more expensive areas with outstanding public education too).  In general, it’s a seller’s market.

As a frustrated home buyer, what can you do?  Besides just throw more cash at the problem, and give away all of your rights?

One approach is to find the segments of the market which are not quite so hot.  For instance, there are lovely townhomes and condominiums which are selling a little more slowly because they are on the expensive end of pricing for their zip code.  Those properties may not sell so fast because many of the buyers in that range are going to push just a little more to get into a single family home instead.

Another idea is to find homes with fixable problems, defects, or issues.  You cannot change location, but it may be possible to take a 3 bed, 1 bath home and add a second bathroom to it.  Many houses with pools (where pricing is under $1 million) sell with less bids because of the pool – and it IS possible to remove a pool, often making a home more valuable to most home buyers.  So target these homes and there may be less competition than the same house without a pool.

Finally, consider properties which have been on the market awhile.  Many buyers won’t take a second look at a house that’s been on the market for 45 or 60 days, but that may be the gem you need.  Most of the time, properties that languish on the market are simply overpriced.  Sometimes there are odor issues or other things which may require more effort to remediate, but these problems may be an opportunity in disguise.

Related reading:

What is a sharp offer or relative bid?

With dozens of offers on that house, why bother?

Overheated market, overheated emotions

  1. 2 beds, 1 bath
    Home size: 906 sq ft
    Lot size: 1,951 sqft
  2. 4 beds, 2 baths
    Home size: 1,767 sq ft
    Lot size: 5,998 sqft
  3. 3 beds, 4 baths
    Home size: 2,322 sq ft
    Lot size: 439 sqft
  4. 4 beds, 3 baths
    Home size: 2,377 sq ft
    Lot size: 10,293 sqft
  5. 3 beds, 1 bath
    Home size: 1,476 sq ft
    Lot size: 7,130 sqft
  6. 6 beds, 4 baths
    Home size: 3,365 sq ft
    Lot size: 1.35 ac
  7. 2 beds, 1 bath
    Home size: 979 sq ft
    Lot size: 1,494 sqft
  8. 4 beds, 4 baths
    Home size: 3,779 sq ft
    Lot size: 6,690 sqft
  9. 2 beds, 3 baths
    Home size: 1,295 sq ft
    Lot size: 649 sqft
  10. 6 beds, 5 baths
    Home size: 3,627 sq ft
    Lot size: 7,614 sqft

See all Real estate in the city of Palo Alto.
(all data current as of 11/21/2017)

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

Mid-century modern homes, including those designed by Joseph Eichler, dot the Silicon Valley & South Bay Area real estate landscape.  There are probably more than 5,000 Eichlers in Santa Clara County altogether, plus all the other homes of that genre with the similar modern style, which was influenced by the ranch and prarie styles as well as the dramatic work by Frank Lloyd Wright (open beam ceilings, nearly flat roofs, lots of exposed wood & glass windows stretching from the floor to the ceiling).  Eichlers, especially, put a premium on privacy from the street but open to the outdoors otherwise.

Not every community in Santa Clara County has Eichler homes, but most have the mid-century modern style homes & neighborhoods. These homes vary from tiny, modest cottages of 1100 square feet to large & elegant  houses of nearly 3,000 square feet, featuring big, central atriums or courtyards.  (There are also some co-ops in the valley too.)  The quality varies, as the homes were constructed by several different builders with different home buying budgets in mind.  Real estate prices range from “entry level” to very expensive, depending on the location (city and schools), size of the home & lot, and condition of the property. Most of them are now about 50 years old, though some are a little younger.

Some of the West Side Silicon Valley Communities which feature Eichler and Mid Century Modern Homes

In Los Gatos there are no Eichlers but there are a small handful of single family homes which are mid-century modern on Eastridge Drive (just off Blossom Hill Road and Hillbrook). There are a couple more at the end of Magnuson Terrace (off Magnuson Loop and Los Gatos Blvd).  Additionally, there are some smaller mid-50s homes on El Gato (and adjacent portions of Escobar) off of Los Gatos-Almaden Road. Unfortunately, not all of these homes are “well kept”, though many are.

Monte Sereno is home to 16 Eichler designed houses on Via Sereno beginning at the intersection of Winchester Blvd with Via Sereno.  These houses were built in the late 60s to early 70s.
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Offer DeadlinesIt’s a seller’s market in Silicon Valley right now.  Many sellers are getting multiple offers and overbids, especially in Cupertino, Sunnyvale, Mountain View, Palo Alto and Menlo Park.  For home owners trying to maximize their sales price, does it make sense to have an “offer deadline”?

Maybe.

If you are pretty confident that you can get multiple offers, the deadline helps in a few ways.

  • it prevents the offer situation from being a mere “foot race” (fastest one wins)
  • it allows everyone enough time to see the house, read the inspections, disclosures etc.
  • it provides enough time for the sellers and agents to plan

As with all strategic plans, this one can backfire too.  If you or your agent publishes an offer deadline and then no bids are forthcoming, it’s more than just a let down.  It’s a market signal that this home is overvalued by its owner and agent.  Then, suddenly, it can appear to be an old listing, even if it’s just been on the market 7 to 10 days.

Many real estate agents take a middle path, saying nothing about offers until agents ask. If they are asked, they will give a date in the future – usually a couple of days after the open house.  But the MLS won’t say it for these agents unless they hear many buyers’ agents asking about offer presentation.  They don’t want to look bad, they don’t want your house to look bad.

We never know until a property goes on the market how it will fare.  It is wise to be cautious about advertising an offer date unless you are very certain that you will be seeing multiples!

  1. 2 beds, 2 baths
    Home size: 1,040 sq ft
  2. 2 beds, 2 baths
    Home size: 1,193 sq ft
    Lot size: 892 sqft
  3. 2 beds, 2 baths
    Home size: 1,094 sq ft
    Lot size: 283 sqft
  4. 2 beds, 2 baths
    Home size: 1,905 sq ft
  5. 2 beds, 2 baths
    Home size: 1,344 sq ft
  6. 3 beds, 2 baths
    Home size: 1,436 sq ft
    Lot size: 6,708 sqft
  7. 5 beds, 3 baths
    Home size: 2,958 sq ft
    Lot size: 8,799 sqft
  8. 3 beds, 1 bath
    Home size: 1,284 sq ft
    Lot size: 4,621 sqft
  9. 2 beds, 1 bath
    Home size: 1,365 sq ft
    Lot size: 9,178 sqft
  10. 0 beds, 0 bath
    Home size: 1,628 sq ft
    Lot size: 8,023 sqft

See all Real estate in the city of San Jose.
(all data current as of 11/21/2017)

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

Luxury Home MarketSilicon Valley features a number of upscale communities that enjoy beautiful estate properties. These luxury homes are not simply large houses, but rather they boast qualities generally not seen in regular residential real estate.

What makes a house a “luxury home”?

A luxury property in Santa Clara County often includes a number of elements that set it apart, such as:

  • price tag: these homes usually sell for more than three or five million dollars (and may be $10 or $20 million or more, though in some cases as low as $2 million – that largely depends on location)
  • close to an acre or more of land
  • house larger than 4000 or 5000 sf
  • the inclusion of “out buildings” such as a guest cottage, gatehouse, etc.
  • views (valley, hill, acreage) or special features of the land (waterfront, riverfront adjacent), a vineyard, or something else special and uniquely beautiful
  • amenities such as a pool, tennis court, racquetball court, gym, sports court or facilities for enjoying other sports & exercise on site
  • specialized hobby or relaxation rooms, as in a darkroom, library, workshop, conservatory, wine cellar & tasting room
  • entertainment centers not commonly found in private homes, like a ballroom, dedicated home theater room for movie viewing, bowling alley, shooting range, or place to practice a golf swing; pool or billiards and “game room”, and ice cream parlor
  • safety tools such as a video surveillance system, electronic gates
  • neighborhood: it is very hard for an expensive house to be viewed as a luxury home if the surrounding properties are not also high end homes

The (main) house itself is qualitatively different too.

Kitchens tend to be the most important room for San Jose area home buyers of all price ranges, and this includes homes that cost upwards of ten million dollars. Usually, kitchens in these homes are designed with a very clear purpose in mind and are done beautifully, though recently in Los Gatos I saw a home listed for about ten million with a kitchen that needs to be completely remodeled. This is very unusual, though.

Most luxury homes features kitchens of one extreme or the other. On the one hand, it may be more industrial in nature if those cooking in it are primarily professional chefs, domestic employees or catering services rather than the homeowner. This is not the kitchen of glossy magazines, it’s not meant to impress anyone for all the maple cabinets, stainless steel appliances and granite countertops. This sort of kitchen is functional, not gorgeous, and it may have stainless steel countertops, for instance, alongside the giant gas range. Such a kitchen is usually separate from the living areas and the guests are not expected to visit this part of the home.

Far more commonly found in Silicon Valley is the other end of the spectrum, the kitchen where residents spend most of their time, and it’s meant to impress. Here we see high end materials and appliances in a room viewed as much as art as the meals created in it are. This type of kitchen is often the focal point of today’s upscale or luxury home. The home’s floorplan is “open” to the kitchen – often the kitchen and family room blend together as part of a Great Room. This is a kitchen designed for owners who cook, not those who have servants.
Continue reading

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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
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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at the bottom of the page.

The real estate search
Use the widget below to browse properties which are for sale, under contract (pending) or sold. Want to view only homes which are available now? Use the "find a home" link on the menu above (next to the "home" button).
Mary’s other sites & blogs
Valley Of Hearts Delight
Santa Clara County Real Estate,
with an interest in history

Move2SiliconValley.com
Silicon Valley relocation info

popehandy.com
Silicon Valley real estate,
focus on home selling

Silicon Valley Real Estate Report
Silicon Valley real estate
market trends & statistics
Mary’s Blog Awards
Top 25 real estate blogs 2016
2016: Personal Income's list of top 25 real estate blogs.


Best Realtor blog award
2016: Coastal Group OC's list of best Realtor blogs


The 2009 Sellsius list of top 12 women real estate bloggers
2009: Sellsius list of top
12 women real estate bloggers


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.


Non blog award


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

2011 readers' poll,
San Jose Mercury News

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