Los Altos House Prices Grow, Condo Prices Sag

Los Altos and other nearby cities, including Palo Alto, Mountain View, and, to a lesser degree, Sunnyvale, have shown rising house prices since 2020 while condo prices have sagged. Lets explore Los Altos real estate in relation to other Silicon Valley cities.

Saratoga House Prices And Condo Prices Grow

Although Saratoga condo prices did not match the growth rate of Saratoga house prices, they continued to grow after 2020.

Milpitas House Prices And Condo Prices Grow

Both Milpitas house prices and condo prices continued to grow after 2020.

Newark House Prices And Condo Prices Grow

Both Newark house prices and Newark condo prices have grown after 2020.

What Is Occurring

Sales history shows condo prices declining slightly after 2020 for cities in the heart of Silicon Valley. The sales history also shows that condo prices have increased after 2020 for cities at the edges of Silicon Valley. People who have owned condos in the heart of Silicon Valley could have been motivated to sell their condo and move to a house at the edge of Silicon Valley because the cost of commuting to work was reduced by remote work opportunities created by the COVID-19 pandemic. Similarly people who lived outside of Silicon Valley or who didn’t own their own home could also have been motivated to move to condos at the edges of Silicon Valley. We do not have the ability to track the movements of individuals so we can not verify that these are the actual motivations behind the sales.