Polaris Pacific: Silicon Valley Condominium Market January 2015

Silicon Valley condominium, Polaris Pacific, condo market, Silicon Valley, housing, where to live in Silicon Valley

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Annual Price and Sales Changes by District

(Silicon Valley Condominium) The maps below (Figures 1 & 2) show annual percentage changes in median price and total sales by district. The largest price increase occurred in District 3, where the median price increased 21.9 percent.

Current Prices and Sales by District

Figure 3 shows a box-and-whisker plot of sales prices by district during the three-month period ending December 31, with wider boxes indicating more sales. As shown, District 3 had the highest median price ($890,000), while District 1 and 5 had the lowest ($420,000 and $460,000, respectfully). District 5 (San Jose) experienced the most sales during the period (697 sales).

Historical Prices and Sales

During the three-month period ending December 31, the median price increased 10.5 percent from the prior year to $589,500. The total volume stood at 892 resales, an 8.2 percent decrease from prior year. The median price in Silicon Valley has surpassed its 2007 peak of $587,500 and continues to increase (see Figure 4).

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