Silicon Valley – Two Economies

Tech employment was reported to be up by 2% at the peak of the pandemic layoffs (2nd qtr 2020). In contrast, employment in arts, entertainment and personal services was down by more than 50%.

More Silicon Valley companies went public last year (24) than in any of the last 14 years. Silicon Valley startups received $26.4 billion in venture capital, the highest amount since the 2000 end of the dot-com boom.

Silicon Valley real estate trends will have to be watched to see if home prices diverge for different cities or different price ranges.

(More about the pandemic impact on Silicon Valley)

Silicon Valley – Two Economies

Tech employment was reported to be up by 2% at the peak of the pandemic layoffs (2nd qtr 2020). In contrast, employment in arts, entertainment and personal services was down by more than 50%. More Silicon Valley companies went public last year (24) than in any of the...

Multiple Counter Offer

In Silicon Valley, multiple offers to purchase a home are often received within a short time period. A seller cannot respond to multiple offers by sending a simple counteroffer to each potential buyer. The seller needs to make a "multiple counter offer". The seller...

Burlingame Real Estate Trends

Burlingame house price per sq.ft.

The plot of both average and median quarterly Burlingame house prices will generally alert you to unusually high or low prices by the separation between the average and median prices changing.

Burlingame house sales price vs. list price

Changes in the Burlingame real estate market typically create significant changes in the sales price to list price. The list price is set by looking at recent sales prices. The comparison shows how well sales prices follow expectations.