(Source: Daily News)

The Silicon Valley real estate market is down quite a lot from its peak, but the beautiful (if bureaucratically named) San Jose-Sunnyvale-Santa Clara metropolitan area is the nation’s most expensive, with a median single-family home price of $566,000 in the third quarter.

That’s down 12.9 percent from a year earlier, according to a report today from the National Association of Realtors, but an improvement from $450,000 in the first quarter and $500,000 in the second quarter. By contrast, though, the valley had a median single-family home price of $836,800 in all of 2007.

Read Frank Michael Russell’s full article “Biz Break: Despite slump, Silicon Valley housing is nation’s most expensive” in the Daily News (November 10, 2009).

Developments featured in this article

More Like This

Facebook Chatter