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Reply to "What $800k in Silicon Valley looks like"
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[quote=Anonymous]What's crazy is that 800K is an incredible bargain for the land. This is priced for a bidding war. A 1600 sq ft remodeled upgraded house in South Bay is hardly ever sells under 1.5M. South Bay is considered the affordable area. We learned when we moved out here that houses usually sell several hundred thousand over list price and most even sell for a few thousand or hundred thousand over appraisal price. A house listed for 1.695 in Cupertino will sell for at least 1.9-2.2 M. A house in WG, Cambrian or Los Gatos listed at 1.2 will go for 1.5-1.8M. [/quote]
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