Special offer

Silicon Valley Booming - Jobs, Jobs, Jobs, and a Nice Location

Real Estate Agent with The Group, Inc

Silicon Valley Booming - Jobs, Jobs, Jobs, and a nice Location.

Another argument for real estate being local is occurring in Silicon Valley. As Case-Shiller reported last month, 18 out of 20 major cities saw real estate values dropping. But in Palo Alto, California real estate is booming and prices are going up.  And the root of this stems from jobs and a nice location.

Silicon Valley is a high-tech hub:  Google, Cisco, Facebook, LinkedIn, and others supply thousands of jobs. And the green, sunny environment makes Silicon Valley the perfect location to buck the real estate trends.

NPR did a great story on this anomaly in real estate value highlighting a local builder and this booming Silicon Valley.

So, as national news spouts negative reports of real estate values, the fact that real estate is local gives me optimism for a quicker recovery of real estate values here is Steamboat Springs, Colorado. We already saw absorption rates increasing in Steamboat for single family home and townhomes.

Real estate is local and there are many areas where real estate is booming like in Silicon Valley. Spread the word.

P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy
Keller Williams Realty Silicon Valley - Gilroy, CA
San Juan Bautista and Hollister as well!


Great follow up post!

All the best!

Jan 19, 2012 03:35 AM
Charlie Dresen
The Group, Inc - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

Patrick - You're living it I imagine. Has it been going on for a while?

Jan 19, 2012 03:44 AM
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

It's up to us to let the Global Village know what's what with the local real estate market. Not the talking head mainstream media that tries to sound bite the sum up of events in 12 seconds. With one size DOES NOT fit all accuracy.

Jan 20, 2012 02:50 AM