Real Estate Prices Soar in Silicon Valley

Houses in Silicon Valley are selling for record prices according to public records from county offices.
Properties ranging from 773 square feet to 3,860 square feet sold for up to $6.6 million in cities such as San Jose, Palo Alto, Saratoga, and Los Gatos.
The average price per square foot for homes sold recently reached up to $2,063, proving that real estate demand remains high in Silicon Valley despite price inflation and economic uncertainty.
Although interest rates have increased and the stock market has been volatile, affluent homebuyers continue to drive residential real estate sales to new heights in Silicon Valley.
Million-dollar listings have become the norm in cities where tech startups thrive and job growth is strong, indicating a widening gap between the haves and the have-nots in the San Francisco Bay Area.