Remember when I said last month that August’s torrid pace was unsustainable? Apparently I lied, although probably not intentionally.
Silicon Valley real estate isn’t suffering from lack of attention. This boom is mature, but it’s aging well.
60 is the new 40, and August is the new September: the start of real estate’s second buying season.
A paucity of hikers on Russian Ridge, and a plethora of empty parking spaces at Stanford Shopping Center, suggest that many buyers are on vacation. But they’ll be back soon.
All the markets this newsletter covers were hotter last month than they were a year ago.
Another month of “to infinity, and beyond”.
The parking lots are full, and the freeways have turned into parking lots. Feels like another Silicon Valley boom.