Just a few days ago, national media reported a over 10% increase on the housing price nationwide year-over-year. In Santa Clara county, the center of the Silicon Valley, the increase is way higher than that.
Another local report said that the population in California increased a lot and the most increase is in Bay Area. If I remember correctly, Bay Area population increased by 300,000 just in one year according to the report.
With that, coupled by improved employment data, no wonder housing price in Bay Area goes up so much and so fast. When you have so many people coming in and when the people already there start to make more money, they will all need a place to live or are more able to pay for it.
A house with over 1400 square feet and very updated and in a nice neighborhood priced at only $449,000, this is a hard to find deal in today’s market.
Most of houses this size and condition are sold for a price range of around $500,000 or more. This one is priced lower because it is priced as a one bedroom house. The beauty is that it has a very large loft which you can use either a second bedroom, or an office. So for one bedroom price, you can utility and function of a two-bedroom house.
Plus, it has such a modern design and architecture style that could be appealing to many young people who look for a trendy loft-style house.
Or if you just want to buy it as an investment property, the rental return is quite decent too given this house locates in a place that reaches many high-tech companies in a ten-minute drive.
That’s why I call it a rare deal. Here is the virtual tour for you to have a preview: www.1835CaminoLeonor.com
To have a good feel of the modern design this house offer, come to see it on Sat (June 1) or Sun (June 2) from 1 to 5 pm.
