Market Update: Silicon Valley, CA
High demand for single-family homes throughout Silicon Valley is expected to continue, according to Kinoko’s recent Market Update for Silicon Valley, California.
Seller’s Market conditions continue throughout Silicon Valley as low inventory is continuing to fuel multiple offers from eager buyers.
The median single-family home price in Silicon valley increased to a new record high, while condominiums also experienced increased prices month-over-month.
In addition, a growing number of interested investors and an increased amount of cash sales have been recorded.
“Cash sales have jumped considerably, and homes are selling extremely quickly.” Reports Adrian Tan, Kinoko.
As demand for single-family homes in Silicon Valley is expected to continue, median home prices are expected to continue to rise even higher in the near future.