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 |
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 |
San Jose as a whole:
Home square footage = 2560 |
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 |
Palo Alto:
Home square footage= 1278 |
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.
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(all data current as of
9/30/2023)
Listing information deemed reliable but not guaranteed. Read full disclaimer.