Rough Patch of Santa Clara

South Bay
1

My mechanic is in the part of Santa Clara across Montague from Rivermark. I have been taking my cars there for 15 years and I still do even now I live in SF. I walked past the pretty shabby looking houses one day and out of curiosity checked their prices. Holy smoke. They are now selling at 1M??

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Like this one which doesn’t even have a picture, with wrong square footage to boot:

https://www.redfin.com/CA/Santa-Clara/3576-Rowena-Ct-95054/home/12170849

3/2/1200 asking for 928K.

This 4/2/1600 sold for 1M two weeks ago:

https://www.redfin.com/CA/Santa-Clara/3734-Edgefield-Dr-95054/home/2120355

Schools are pretty bad, but you can’t beat the location. If you work in SC or north SJ it’s a 5 to 10 minutes commute. Any folks looked at that area?

2

Some people are looking at Santa Clara for investment. It could become a hot spot for investment. Santa Clara is not known for crimes, I think it’s mostly good. Some slots might be blue collar hoods, but still low crime I assume

I have been wondering why Santa Clara is appreciating slowly, maybe it’s catching up now

Maybe someday Santa Clara will be as expensive as Sunnyvale. I probably would not buy in SC though, it’s rental yield is low. If you can find good rental yield in SC, could be a good long term hold.

Good luck!

3

It’s gaining @manch!

4

Santa Clara is Sunnyvale 2.0.

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5

Price up to 1.1M now, $700 a foot.

How high can this area go?

6

Price is getting insane, even in this “bad” part of Santa Clara.

https://www.redfin.com/CA/Santa-Clara/418-Greenwood-Dr-95054/home/12171123

1.28M, that’s $752/ft. What’s so hot about this house? From the description:

Prime location! Close to tech companies such as Oracle, Cisco, NVIDIA, Paypal, Intel.

Bingo.

7

I go back to my comment awhile ago, that you just go and buy ANYTHING down there as long as decently priced and no issues. Money is to be made, Sir…

8

Santa Clara is Sunnyvale 2.0! Now it remains to be seen whether Trump’s small hands will disrupt the party come 2018. I don’t think it will.

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