This Silicon Valley Neighborhood Makes Redfin’s Hottest Neighborhoods List!

housing market is risingThe housing market is booming—especially around some of the high-growth job cities like San Francisco, Seattle, and San Jose. The job markets are growing in these areas, so new residents are flocking. However, because prices directly within the city are also growing, more and more buyers are searching in the smaller, more affordable communities around these areas, says a recent study by Redfin.com. In fact, Redfin predicts this will be the “year of the second-tier city”.

America’s Hottest Neighborhoods of 2017

Redfin calculated its “hottest” neighborhoods by number of neighborhood page views and searches, as well as saved favorites. Unsurprisingly, the hottest neighborhoods of 2017 are not in the major cities of San Francisco, Seattle, and San Jose, but around them. Ranked #1 was Bushrod in Oakland, CA. And at #3 was the Silicon Valley’s own Serra of Sunnyvale, CA!

An African American couple walking on a residential street, with a young man holding a folder.  He is a real estate agent, pointing at a house, talking.What’s drawing residents to these areas? Lots of shopping and dining, access to public transportation and major commuter highways, and larger homes with more affordable price tags.

Welcome to Serra in Sunnyvale

Also referred to as “The Dalles”, Serra is located just south of Downtown Sunnyvale along the Junipero Serra Freeway (towards San Jose) and Route 85. Besides a quiet and charming neighborhood of single-family homes, buyers are drawn for the neighborhood’s access to top schools, as well as the amenities and attractions of both Downtown Sunnyvale and nearby Cupertino.

Its home sales numbers are also pretty impressive—such as a median sale price of $1,760,000, an average list time of just 13 days, and a high sale-to-list ratio of 106.8%.

Other Top Neighborhoods in the San Jose Metro Area

Besides Serra of Sunnyvale, local amenities draw residentsthe other top neighborhoods of the Silicon Valley include Sunnyhills in Milpitas (which offers a unique blend of outstanding outdoor recreation, plenty of shopping and dining, and highway access to San Jose or Fremont) and Miramonte-Springer of Mountain View (which is centrally located for access to plenty of shopping and dining, community parks and recreation, and a highway commute to San Jose or San Francisco).

Thinking of Buying or Selling a Home in the Silicon Valley?

In case you hadn’t guessed, the market is hot and the time is now! Learn more about buying or selling a home in the Valley, explore its beautiful communities, or start searching homes for sale today. If you have any questions or you’re ready to get started, just contact Gary & Robert any time.