Silicon Valley Real Estate Market March 2023
In 2022, California had a net loss of 100,000 people. It's a concerning trend, but not a crisis. Still California passed Germany as the 4th largest economy in the world. The residential property market has been very active since January, multiple offers are back. The commercial property market has been strong. Big tech companies are leasing/acquiring more office space. The Industrial and Warehouse markets remain active, vacancies are well below pre-covid levels.
(Source: Larry Stone, Santa Clara County Assessor)
Below are median sale price for the two counties since 2020. Also stats for the last 13 months.
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