Houses in Sunnyvale 94085 (least desirable zip code in Sunnyvale) are now selling for excess of $2M!!!
“The report did reveal net migration out of San Francisco during the pandemic. However, about two-thirds of people who left the city remained in the Bay Area”
Detroit 2.0…
I got new tenants recently because my previous tenant bought the house.
I listed the property at zillow and keep the rent same. I didn’t lower the rent during pandemic. I got over 100 inquiries in 2 days (stopped responding after 2 days), got 14 applications and chose well qualified young couple with a baby right after the first showing. They moved in a few days later although their previous lease would end in 4 weeks. They said they didn’t mind overlapping period.
I guess I could have raised the rent.
Single family home rental market seems strong this summer.
Don’t be a landlord, don’t be a tenant. Live in your own house, and invest surplus into stocks rather than real estate
May I ask yor zip code?
It’s in south bay, 95124.
Great! I live in 95124!
1500 sq ft house in Sunnyvale sold for nearly $2.7M
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So close monitoring. Are you planning to sell your primary or buy a rental?
Neither. I wish I could buy one more home around here, but am not rich enough to afford it, since I am paid merely a salary by my employer - no stock. Alas, I live in Silicon Valley but earn in the currency of America - the US $. In Silicon Valley, the currency is FAANNMGT stock… base pay in US $ is for losers 
Local realtor advises seniors to not wait for Bay Area real estate bust, and instead build ADUs to accommodate their family needs.
ADUs rock
Check out this house with attached ADU that sold in Santa Clara for $2.13M. Nearby comps of similar sq ft without ADU sold for nearly 400k less
Check out the premium price this Berkeley house with an ADU commanded. It sold for $2.2M, while similar sq ft comps seem to have sold for less than $2M
How the seller raised the price 550k with the floor plan? They bought as 1.2M in May and now selling 1.7M.
I think the seller got the off market deal and the cost of construction is way up high to finish this square footage addition + total remodel .
So they want to make money without working because a home owner will probably take this work
I am working on finish ADU in San Jose. my unit.
Good for you. ADUs increase the utility of the house in many ways, and for this reason I believe they will enhance the value of the house substantially as well, as long as they are built with full permits - I.e., legal units