Below, please find the charts indicating Silicon Valley home prices by high school district for transactions closed in December 2016 for condos and townhomes first, and later also for single family homes. The vast majority of Silicon Valley is found within Santa Clara County and San Mateo County, with small portions also in Santa Cruz County and Alameda County. Alameda County is not part of the local MLS, so unfortunately I don’t have that data to share. The data presented here is courtesy of my brokerage, Sereno Group.
Silicon Valley home prices by high school district: a few words of caution
If you only glance at the median sale price, you may be confused about the most expensive Silicon Valley places in which to live for the condominium or townhouse buyer. For instance, in Santa Clara County, the Los Gatos-Saratoga Joint Union High School District has a median sale price of $1,4 85,000. At first view, this seems to be the most expensive part of the county. But please note that the average square footage is 1910. Now look at Palo Alto Unified, with a median sale price of $1,260,000 – but an average square footage of just 1313. The price per square foot, though, correctly pegs the pain value of home buying in Silicon Valley as PA Unified comes in at a whopping $1,014 per square foot. (More disclaimers: large homes sell for much less than smaller ones on a price per sf basis, so this is more helpful when the average square footage is similar.)
Also, please note that the high school district boundaries do not neatly follow those of city, town, zip code, or any other boundary. It’s sloppy at best. Campbell Union High School District covers not only Campbell, but parts of San Jose, Los Gatos, Saratoga, and Monte Sereno. The Los Gatos-Saratoga Joint Union High School District encompasses parts of Los Gatos, Saratoga, Monte Sereno, the Los Gatos Mountains and even a sliver of the Almaden Valley in San Jose.
Condos and townhomes – prices by high school district
Santa Cruz County has some Silicon Valley jobs and a strong number of residents who work in tech on the other side of “the hill”. Studying these home values, you can imagine why some locals are willing to commute across the Santa Cruz Mountains. It is much more affordable.
Next, the same data but for single family homes.
Interested in buying or selling anywhere in these counties? Please call or email me today!
Cambrian Months of Inventory (by elementary school district)
Saratoga, CA real estate market update (with info by price point and high school district)
Los Gatos real estate market trends by price point and high school district (on the Live in Los Gatos blog)
Learn more about what homes cost in Silicon Valley on the Move2SiliconValley blog