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.
Rising job creation and stock market wealth: I’ve seen two real estate downturns, and this doesn’t feel like one.
The big news around here is that top-end and midrange properties are selling for essentially what they were selling for a year ago.
Silicon Valley’s real estate market is cooling, and will probably continue to cool as we head into the vacation months. But it’s still good to be a seller here in the Valley.
It’s as challenging to get “cheap dirt” as it’s been at any time in my eighteen-year career.