SiliconValleyMLS

The median price of a Silicon Valley home DECLINED 4.7% in 2019. This was the average across Menlo Park to Los Gatos. The average for each city ranges from -3.4% in Los Altos to -9.3% in Santa Clara. Los Gatos was the outlier with a +3.6%.

Certainly a major event given this is the first decline since 2009. Keep in mind that prices are still higher than 2017 after 10% and 14% increases in 2017-18. Homes have appreciated an average of 6.25% per year going back to 2003, which includes a Great Recession!

My expectation is that 2020 will show single-digit appreciation in the median price. Political uncertainty doesn't help build confidence in such a large financial decision. However, interest rates have returned to historic lows, which means more qualified buyers will be in the market.

The short answer is that a home in Silicon Valley is one of the best investments around. Not to mention one of the nicest places to live in the USA.