Silicon Valley Sees Rise in $1-Million Home Sales
- Share via
The number of homes sold for more than $1 million in Silicon Valley exceeded 40 for the second week in a row, the first time that has happened since 2000.
This week, 46 homes sold for more than $1 million in Santa Clara County, up from 33 in the same period last year, according to Coldwell Banker Northern California. Last week, 41 homes sold for more than $1 million in the area that includes Palo Alto, Los Gatos, Mountain View and San Jose.
Brokers credit the increase in sales to a rebound in consumer confidence and signs that the economy may be recovering.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
