The short video report below from DSNews.com indicates investor flips of homes purchased in California and then sold to produce a profit in an fast appreciating market continue, is not quite the true story for Silicon Valley. Most of the experienced investors have moved on from Silicon Valley to other areas in California due to the dwindling profit margins on flips. The all cash buying boom has dropped about 10% on average over previous years to about 17%. Most of these investors are not flipping, but rehabbing and holding.
The demand for homes in Silicon Valley has kept the rental market hot. Even developers, have switched their attention to building more apartments over condo/townhomes and single family detached homes based on the predictions of a transient work force, millenials, and the general cost and complications of building in the Valley.
Keeping up with the Silicon Valley real estate market is a full time job. If you have questions about your neighborhood market or interested in learning about new construction developments coming to market, email me.