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Written by Don Orason Friday, 25 February 2011 12:46
Shopping for a luxury home in Silicon Valley, you're likely to expect a number of things. High purchase prices do not necessarily mean that a home is considered a luxury property, and a number of things contribute to a piece of property being considered a luxury estate. The property location, a wide variety of luxurious amenities, extravagant designs, and the amount of land sold with a house help contribute to this luxury classification. Most areas feature luxury properties priced anywhere from two million to three million dollars, although a Silicon Valley luxury home may occasionally be found for one million.
One of the main factors that help to categorize a home as a piece of Silicon Valley luxury real estate is the land value. The amount of land included with home determines whether or not it is considered an estate instead of a house. This amount varies depending upon the location of the property, but a good rule of thumb is that an acre should be the minimum amount of land for a property to be considered as a luxury estate. While several factors such as the size of the house and the designer or architect associated with its construction help classify a property as a luxury home, the land and land value is the main contributor.
With this in mind, real estate shoppers looking to purchase a Silicon Valley luxury property should consider location above most other details. Locations such as Hillsborough, Menlo Park, Los Altos Hills, Los Gatos, Palo Alto, Saratoga and Woodside are excellent locations when looking for a Silicon Valley luxury home. The homes in the hills along highway 280 in northern Santa Clara County and San Mateo County are nearly always considered to be luxury properties due to location alone. Quiet, private locations wide panoramic views are musts for a luxury home, as are amenities such as golf courses, horse stables, or hiking trails. In short, the exterior of a property is possibly more important the interior of the home itself.
Most locations of Silicon Valley luxury homes are located in prime locations, just a short drive away from countless entertainment and relaxation options. Reno is a six hour journey from most communities, and Lake Tahoe's ski slopes and casinos are an hour closer than that. The famous Napa Valley vineyards are nearby, as are numerous beaches and state parks. And San Francisco lies a mere hour or less from Silicon Valley. With some of the most enviable properties in the country, thousands of magnificently designed homes, and beautiful landscapes, shopping for Silicon Valley Luxury real estate is an adventure in itself.
Silicon Valley Real Estate Blog News Report
MARKET UPDATE: Silicon Valley Real Estate - Santa Clara county
Silicon Valley Real Estate - Santa Clara County Real Estate Sales Up, Prices Down in 2011
Single-family, re-sales home sales were up 0.5% last year. Unfortunately, after a nice gain in 2010, prices were down. The median price for homes dropped 5.3% and the average price was off 1%. ...
UPDATE: Silicon Valley Real Estate Market Trends
SILICON VALLEY REAL ESTATE MARKET TRENDS Market Statistics Sale of single-family homes, re-sale single family homes fell 4.9% in October, 2011 from September,...
Read More...Who are the richest in Silicon Valley?
Mary Ann Azevedo
Reporter - Silicon Valley / San Jose Business Journal A pair of college dropouts are Silicon Valley’s wealthiest residents, according to Forbes magazine. With a net worth of $33...
U.S. Cities Where Homes Sell the Fastest - San Jose, CA #2
U.S. Cities Where Homes Sell the Fastest By Paul Toscano, CNBC.com September 20, 2011 Although the U.S. housing market continues to struggle, many local markets are doing significantly better than the country as a whole, with some places virtually missing the housing bust altogether. While shifts in Read More...
California Housing Market Forecast for 2012
C.A.R. Releases Its California Housing Market Forecast for 2012 Modest increases in both sales and price expected next year SAN JOSE, Calif., Sep 20, 2011 (BUSINESS WIRE) -- California home sales and median price are predicted to improve...
Read More...Luxury Real Estate on the Road to Recovery
by Mike Wheatley - 22 September 2011 Luxury home markets are bouncing back, with bidding wars heating up and properties being sold off at increasingly rapid speeds, bucking the trend set...
Read More...Flurry of commercial real estate deals in Silicon Valley
EOP in the right places in Valley market Date: Friday, September 16, 2011, 5:46am Mary Ann AzevedoReporter - Silicon Valley / San Jose Business Journal
Equity Office Properties has had a busy 2011. The
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San Jose Community - fighting foreclosures
San Jose: Community group urges residents to fight foreclosure ...
Read More...- MARKET UPDATE: Silicon Valley Real Estate - Santa Clara county
- UPDATE: Silicon Valley Real Estate Market Trends
- Who are the richest in Silicon Valley?
- U.S. Cities Where Homes Sell the Fastest - San Jose, CA #2
- California Housing Market Forecast for 2012
- Luxury Real Estate on the Road to Recovery
- Flurry of commercial real estate deals in Silicon Valley
- San Jose Community - fighting foreclosures
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