Finally finished my 2019 year end graphs for Santa Clara County Real Estate Market. Some buyers were making bets that market is going to crash! Would you consider 6% drop in the Median Price for Single Family Residence a crash?

For a county of about 2M people, it is actually a scary comparison. In 2019, a total of 13,360 homes (single Family+townhouse+condo) were sold. in 2004, we saw the highest number of home sold in 24,458 in Santa Clara County. The market crashed in 2007-08... So how did the market changed and continued to climb since then?

Just in case, you forget - WE ARE THE SILICON VALLEY. Unless all the big high tech we all love leave the Bay Area, I don't expect any major decline in our market any time soon.

If Google, Apple, Facebook, Adobe are BUYING up all the land in Silicon Valley and building more facilities, YOU SHOULD TOO!!!

Hint: There are 551 Single Family Home Active (for sale) in Jan 2020, Same month the years before, there were 1,072 Actives in 2019 and 628 Actives in 2018... With Interest Rates continuing to be below 4.000%, Anyone would like to predict the Market for 2020?!?

Some quick historical timeline for your enjoyments:

2004 - #Facebook was founded

2004 - #Google went IPO

2006 - #Twitter was founded

2007 - #Apple launched iPhone

2007 - #Google launched Android OS

2008 - #Uber was founded

2012 - #Facebook went IPO

...

As a full-time real estate professional for ~20 yrs, I have seen the Bay Area Real Estate market gone through a few corrections, but continues to grow tremendously! Real Estate is not just a dream, it is also one of the safest investment strategy.