Phase 2 Homes Blog

I just got an email today from Zillow.com ( a home valuation site) that had a link to their Quarterly Home Value report. Their data seems to support our earlier assertion that home prices seem to be holding up here in Sunnyvale and some of the surrounding areas in the Silicon Valley. Their data shows that home values in Sunnyvale are up 2.9% from the previous years values.  Yes, it says up! Its not entirely surprising given the home prices we've been seeing for ourselves, but still it was good to see someone else proclaiming these values specifically. The report has an interactive map that allows you to see the values for other city areas as an up or down percentage from the previous year values.  Not surprisingly, the east bay is taking it on the chin for price values. Some notable areas that have been hit hard are Hayward (-25%) and Fremont (-12.8%). Proximity to jobs definately plays a big role in these valuations.