SILICON VALLEY REIGNS IN LUXURY REAL ESTATE

Pictured Above – RealSmart’s Upcoming Hillsborough Listing

The Silicon Valley has topped yet another real estate list, this time coming in first in a survey of the luxury home market. A recent industry report1 found that the town of Woodside, California had the highest index rating, suggesting that that it’s the best-performing market in US luxury real estate. What makes the Silicon Valley’s real estate market so hot? Well, it’s a mix of a booming tech industry coupled with low inventory.

“With such low inventory, and so many buyers chasing few opportunities, luxury home sellers are able to command top dollar for their home. Multiple offers are common, even in the $2.5 to $5 million price range.” – Bryan Jacobs, RealSmart Broker

The luxury market is strong in 3 other Silicon Valley cities that also made the top 10 – Portola Valley, Hillsborough, and Atherton. Here’s the list:

1. Woodside, Calif.
2. Bal Harbour, Fla.
3. Portola Valley, Calif.
4. Hillsborough, Calif.
5. Thousand Oaks, Calif.
6. Glenbrook, Nev.
7. Arcadia, Calif.
8. Southport, Conn.
9. Incline Village, Nev.
10. Atherton, Calif. 

Coincidentally, RealSmart has a listing coming soon in Hillsborough. It’s an expansive & gorgeous 4bed/4.5bath rebuild – get in touch for more details! Contact Bryan or Camilo.

1 – RealtorMag