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Sales of homes priced at $5 million or more in Santa Clara County — home to Silicon Valley — spiked in April. The median home price is nearly $1.8 million, according to real estate agency Compass.
Jay Paul Company is a privately held real estate development company, working primarily in Silicon Valley and based in San Francisco. [1] The company holds more than 11 million square feet of office space in Silicon Valley , and growing.
Silicon Valley is generally considered to have been the center of the dot-com bubble, which started in the mid-1990s and collapsed after the NASDAQ stock market began to decline dramatically in April 2000. During the bubble era, real estate prices reached unprecedented levels.
Furthermore, the average monthly inventory of homes for sale in Silicon Valley increased 15% from 2017 to 2018. [3] Real estate agents report an increasing number of middle-aged and elderly residents selling their homes and moving to more affordable locations, and although this has not made the housing market "affordable", it is causing changes.
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Tiny 384-square-foot Silicon Valley home sold for a staggering $2 million — here are 3 alternative ways to invest in real estate without taking on an expensive mortgage Moneywise June 29, 2024 ...