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, 3 baths
    Home size: 2,101 sq ft
    Lot size: 7,200 sqft
  2. 4 beds, 3 baths
    Home size: 2,487 sq ft
    Lot size: 19,201 sqft
  3. 3 beds, 2 baths
    Home size: 1,260 sq ft
    Lot size: 6,198 sqft
  4. 3 beds, 2 baths
    Home size: 1,211 sq ft
    Lot size: 5,998 sqft
  5. 4 beds, 3 baths
    Home size: 2,281 sq ft
    Lot size: 4,142 sqft
  6. 3 beds, 2 baths
    Home size: 1,326 sq ft
    Lot size: 4,900 sqft
  7. 2 beds, 1 bath
    Home size: 1,109 sq ft
    Lot size: 1,224 sqft
  8. 3 beds, 2 baths
    Home size: 1,488 sq ft
    Lot size: 12,000 sqft
  9. 5 beds, 3 baths
    Home size: 1,742 sq ft
    Lot size: 7,078 sqft
  10. 4 beds, 3 baths
    Home size: 2,102 sq ft
    Lot size: 6,638 sqft
  11. 0 beds, 0 bath
    Home size: 3,479 sq ft
    Lot size: 7,440 sqft
  12. 3 beds, 2 baths
    Home size: 1,575 sq ft
    Lot size: 7,000 sqft
  13. 3 beds, 2 baths
    Home size: 1,146 sq ft
    Lot size: 5,998 sqft
  14. 2 beds, 2 baths
    Home size: 1,105 sq ft
    Lot size: 1,999 sqft
  15. 4 beds, 2 baths
    Home size: 1,528 sq ft
    Lot size: 5,501 sqft
  16. 2 beds, 2 baths
    Home size: 1,094 sq ft
    Lot size: 283 sqft
  17. 2 beds, 2 baths
    Home size: 1,905 sq ft
  18. 3 beds, 2 baths
    Home size: 1,436 sq ft
    Lot size: 6,708 sqft
  19. 5 beds, 3 baths
    Home size: 2,958 sq ft
    Lot size: 8,799 sqft
  20. 4 beds, 4 baths
    Home size: 2,440 sq ft
    Lot size: 2,378 sqft

See all Real estate matching your search.
(all data current as of 11/22/2017)

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
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Special focus on:
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Saratoga, Campbell,
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