Wednesday, April 23, 2008

Micro Markets?

The Silicon Valley Real Estate Market is really composed of many "micro markets". What is happening in Los Gatos is not the same thing as is happening in Morgan Hill or in Palo Alto.And, in fact, what's happening in one part of Los Gatos is very different from what is happening in another, just as west San Jose is extremely different from south San Jose.

And, in fact, what's happening in one part of Los Gatos is very different from what is happening in another, just as west San Jose is extremely different from south San Jose.

Blossom Valley (a district within San Jose) has two zips: 95123 and 95136. They are performing similarly right now. Cambrian Park (another area in San Jose) is mostly in two zips, 95124 being the larges, but also 95118 and a little sliver of 95008 (which is mostly in the City of Campbell). Los Gatos is a little more complicated. The mountain communities have the zip of 95033 but they truly march to the beat of a different drummer and are not part of the town. The area that is "in town" is 95030 and 95032. To complicate things, there are multiple school districts in LG (this is the case all over Silicon Valley - the school boundaries do not follow the town boundaries). What amazed me was to see how vastly different the town's realty situation was from one zip (and one school district, for the most part) to the other.

And please call me @ 408 399 1495 for hyper local real estate information in San Jose, Silicon Valley, Santa Clara County! EMail me @ monica.manocha@cbnorcal.com and let me help you understand whats happening in your zip code!

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