By: Joelle Andersen, TOMO
Interested in moving to the tech capital of the world? Santa Clara County is in the heart of Silicon Valley, the epicenter of the tech industry. It is home to numerous tech giants such as Apple, Google, Facebook, Intel, Cisco Systems, and many others. The presence of these companies has driven economic growth and innovation in the region, making it one of the wealthiest and most economically influential areas in the world.
We at Tomo, a real estate and mortgage company, know buying a new home will be one of, if not the most, expensive purchases someone will ever make. Moving to an area of the country where tech giants live can make it even more stressful…and more expensive. As everyone can see from below, none of these neighborhoods have a median closing price below a million dollars—many are in the multi-million dollar range.
Saratoga has the highest median closing price of a little over $4 million. This neighborhood is nestled at the foothills of the Santa Cruz Mountains in Silicon Valley, and renowned for its blend of natural beauty, cultural richness, and prestigious residential neighborhoods. Along with its scenic beauty, Saratoga is known for its excellent public schools, consistently ranking among in California. This makes it a popular choice for families seeking high-quality education for their children. Another neighborhood, Monte Sereno, has a median closing price of nearly $3.8 million. It’s no surprise homes trade at this high price point since the area is home to Silicon Valley innovators who want a private, spacious retreat. Another notable town, Cupertino, is located on the outskirts of San Jose, which is known around the world as the headquarters of Apple, and has a median closing price of $3.3 million.
Tomo is unique compared to others you have seen, as we sort it by the highest growth within that neighborhood, based on median closing prices over the past three years.
Here is Tomo’s Premier Neighborhoods in Santa Clara County.
Methodology
In our analysis, we focused on the median closing prices of homes by zip code for the month of May 2024, comparing these figures to the median closing prices from the previous three years. This comparative approach allowed us to calculate the percentage growth for each area, providing a clear picture of real estate trends and market dynamics over time. By examining these trends, we were able to identify which neighborhoods or cities within each city demonstrated the highest rate of appreciation in property values.
Want to See Other Premier Neighborhoods?
Interested in exploring other parts of the county, look no further than other cities and neighborhoods in Tomo’s series. Remember, it’s normal to feel stressed during a move, but with careful planning and a positive mindset, you can make the transition smoother and start enjoying your new home soon.
“This content is for informational purposes only and is not intended as financial advice, nor does it replace professional financial advice, investment advice, or any other type of advice. You should seek the advice of a qualified financial advisor or other professional before making any financial decisions.”
Published by: Holy Minoza
