Where in the United States are home values increasing the fastest? Using data from Zillow, NerdWallet.com has compiled a top-20 list of cities.
The Top 10 are of great interest to me; they are all clustered around two areas of the country, my Silicon Valley area of California and the Miami, Florida area.
Take a look at their chart:
In the Silicon Valley we have 7 of the top 10:
- #1 - Palo Alto
- #3 - Cupertino
- #4 - Mountain View
- #5 - Sunnyvale
- #6 - Redwood City
- #8 - Menlo Park
- #9 - Foster City
Other Peninsula towns aren't far behind: Santa Clara, Burlingame, San Mateo, San Francisco, South San Francisco, Daly City among them. Up and down the Peninsula, the story is similar.
For an analysis, and a list of other cities where appreciation has been strong since 2009, read the article, "Cities with the Fastest Increasing Home Values"
Let me know if I can help you with your Silicon Valley real estate needs.
--- Come for a visit; Stay for a lifetime!
Lottie Kendall, Realtor®
Compass
CA DRE#10215160; 650-465-4547
Lottie@LottieKendall.com
Lottie Kendall Dramatic Examples - Are the prices back to where they were pre-crash in your area, or is there still room to go?
With all the money and stock options in Silicon Valley, it isn't surprising that those brainy folks have figured out that home ownership brings more tax breaks than renting. Lottie Kendall is the Realtor to cal when you want to buy in Silicon Valley, Cupetino, Mountain View or Sunnyvale CA!
Hi Steven A. Walny - our prices dipped about 5% (SFH in Palo Alto) to 15-20% (condos in many towns). They recaptured their loss in 2012/2013. Prices are way up here. Our exceedingly strong job market, combined with lack of land on the Peninsula, creates very high demand.
Ron Marshall - the many high tech startups and established firms has fueled demand for housing. Our nice weather and exciting cities doesn't hurt, either.
Well the Silicon Valley sure did fill up a lot of that list Lottie, the demand is sure to grow some more in the future.
I'm surprised a few other towns weren't mentioned, Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366, like San Carlos and Belmont.
Lottie
The information in your post to where the homes are that increasing the fastest show the strength of the real estate market.
Good luck and success.
Lou Ludwig
Thanks for sharing these very interesting statistics.
I hope you are enjoying a very productive month.
Lottie, I would have thought Denver would have made this list, but California is looking good!
Joan Cox - what would think the Denver appreciation has been since 2009? Our area dipped, but didn't tank, in the downturn of 2009-2011; perhaps that's why the 5-year rate is so incredibly high
Roy Kelley - thanks; it's been an awesome month; 2 listings immediately under contract, and even one buyer closing--and that's something to sing about.
Lou Ludwig - Florida and California -- and we have the nice weather, too. Hmmm....
Lottie - that is a very persuasive info-graphic. Looks like the Bay Area has continued to rise in value.