Cupertino Schools
This is a neighborhood consists of west side of San Jose, City of Cupertino and parts of Sunnyvale. It is known for its good schools. During the early 1990 Dot Com days it had one of the highest unemployment resulting in about 10% home price erosion. This is in contrast to other neighborhoods which had ~5% price reduction, as internet was still at its infancy stage.
During the Great Recession, thanks to no layoff at Apple, Google, Linkedin etc, the unemployment experienced 9% briefly and home price erosion lasted just 15 months. Today its unemployment is a low 2.5% way under other cities. Home prices only dropped about 8% briefly as the income level and employment was relatively solid.
The largest employer is Apple where they have over 15,000+ employees all well compensated in technical or marketing area. The Spaceship to be completed soon will only house a fraction of its employees. Company will develop another one or more in San Jose area. Seagate Technology is alos has its strong presence.
Cupertino Schools |
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1200-2000 sf |
3 br, 2 bath+ |
Months downturn |
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$/sf |
av g sold $ |
during Great Recession |
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10 yr price change |
+74% |
76% |
15 months |
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(2005-2015) |
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4,109 homes |
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5 years(2010-15) |
66% |
69% |
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3 years (2012-15) |
58% |
58% |
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last yr -2015 |
13% |
14% |
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2005 |
$564/sf |
$913.45M |
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2015 |
$983/sf |
$1.608M |
Sam Shueh Realtor
I've called San Francisco South Bay home for over 37 years. We love this area and all it has to offer, and I enjoy sharing what I know about homes. I documented in several books about Silicon Valley history. I have much expertise in real estate...please give me a call. SamShuehRealtor at Gmail.com
(Four-O-Eight) 425-1601 http://SiliconValleyRealtors.info/
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