Monday, June 11, 2018

Silicon Valley Housing Rally Resumes, Breaks out of the Congestion

- Intended for Students/New Analysts to Learn Analytics -

(Click on the image to enlarge)
The Silicon Valley (Santa Clara County) housing market continues to trend up, lately breaking out of the extended congestion of $1.1M to $1.2M. Both trendlines are amply confirming the breach.

The normalized price (bottom chart) confirms the trend as well. In fact, the median Price per SF has already breached $700/SF, finally breaking out of the $650 to $700/SF range. Of course, the 2-Mo Mov Avg rejects the big (Feb-18) jump to $770/SF, nonetheless confirming the overall breakout.     

Needless to say, certain towns – Cupertino, Los Altos, Mountain View, Palo Alto, etc. – are significantly pricier than the median price as shown above. Wonder what kind of income one needs to qualify for a jumbo mortgage there? Of course, if the 30-year Jumbo continues to trend higher, we may see some slowdown – or not?

- Sid Som, MBA, MIM
President, Homequant, Inc.

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