{"id":1376,"date":"2024-05-15T15:37:03","date_gmt":"2024-05-15T22:37:03","guid":{"rendered":"https:\/\/julianalee.com\/blog\/?p=1376"},"modified":"2024-05-17T12:20:44","modified_gmt":"2024-05-17T19:20:44","slug":"are-silicon-valley-condo-prices-keeping-up-with-house-prices","status":"publish","type":"post","link":"https:\/\/julianalee.com\/blog\/are-silicon-valley-condo-prices-keeping-up-with-house-prices\/","title":{"rendered":"Are Silicon Valley Condo Prices Keeping Up With House Prices?"},"content":{"rendered":"\n

We’ve often wanted more detail about Silicon Valley house prices growing faster than condo prices. For Silicon Valley as a whole, house prices have increased more than condo prices since about 2020.<\/p>\n\n\n\n

\"Silicon<\/figure>\n\n\n\n

Center of Silicon Valley<\/h4>\n\n\n\n

Although greater house price growth vs condo price growth is dominant across Silicon Valley, there are differences. Many cities near the center of Silicon Valley show drooping prices for condos. Look at Palo Alto real estate<\/a> below:<\/p>\n\n\n\n

\"Palo<\/figure>\n\n\n\n

Edge of Silicon Valley<\/h3>\n\n\n\n

If you look at areas near the edge of Silicon Valley, condo prices have often grown slightly since 2018 but not as much as house prices. Examples are Campbell, Los Gatos, Newark and Union City. Newark real estate<\/a> is shown below.<\/p>\n\n\n\n

\"Newark<\/figure>\n\n\n\n

Edge of Silicon Valley But Higher Price Range<\/h3>\n\n\n\n

The difference in condo price growth seems to be more location dependent than price dependent. Saratoga has prices comparable to Palo Alto, is located near the edge of Silicon Valley, and has condo price growth. It should be noted that Saratoga has strong price growth for houses. Saratoga real estate<\/a> is shown below.<\/p>\n\n\n\n

\"Saratoga<\/figure>\n\n\n\n

The future<\/h2>\n\n\n\n

With an increased difference in condo and house prices, there is more room for future condo price growth. With new construction dramatically slowed due to higher mortgage interest rates, steady condo price growth is a definite possibility. If recent challenges to state-mandated increased housing requirements are successful, there will likely be a further decline in new condominium projects and more pressure for price growth. If the pandemic disproportionately led condo owners to move out and work remotely, a return to in-office work could disproportionately drive condo prices higher.<\/p>\n","protected":false},"excerpt":{"rendered":"

We’ve often wanted more detail about Silicon Valley house prices growing faster than condo prices. For Silicon Valley as a whole, house prices have increased more than condo prices since about 2020. Center of Silicon Valley Although greater house price growth vs condo price growth is dominant across Silicon Valley, there are differences. Many cities […]<\/p>\n","protected":false},"author":790,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[181,184,183,185,182],"class_list":["post-1376","post","type-post","status-publish","format-standard","hentry","category-real-estate-market-trends","tag-condo-vs-house","tag-newark-condos","tag-palo-alto-condos","tag-saratoga-condos","tag-silicon-valley-condos"],"jetpack_featured_media_url":"","uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Jeff - Juliana Lee Team","author_link":"https:\/\/julianalee.com\/blog\/author\/jeffrey-r-keller\/"},"uagb_comment_info":0,"uagb_excerpt":"We’ve often wanted more detail about Silicon Valley house prices growing faster than condo prices. For Silicon Valley as a whole, house prices have increased more than condo prices since about 2020. Center of Silicon Valley Although greater house price growth vs condo price growth is dominant across Silicon Valley, there are differences. Many cities…","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts\/1376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/users\/790"}],"replies":[{"embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/comments?post=1376"}],"version-history":[{"count":21,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts\/1376\/revisions"}],"predecessor-version":[{"id":1414,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/posts\/1376\/revisions\/1414"}],"wp:attachment":[{"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/media?parent=1376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/categories?post=1376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/julianalee.com\/blog\/wp-json\/wp\/v2\/tags?post=1376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}