Part of Sunnyvale is the new Palo Alto?

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jtu98c

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jtu98c
Apr 9 76 Comments

I saw many recently sold houses in Sunnyvale already more expensive than Palo Alto.

Sunnyvale
https://www.redfin.com/CA/Sunnyvale/775-Steuben-Dr-94087/home/1138087 3.85M
https://www.redfin.com/CA/Sunnyvale/948-Olympus-Ct-94087/home/1776079 3.75M
https://www.redfin.com/CA/Sunnyvale/1503-Harrison-Ct-94087/home/768290 3.5M

vs Palo Alto
https://www.redfin.com/CA/Palo-Alto/3462-Bryant-St-94306/home/600187 3.65M
https://www.redfin.com/CA/Palo-Alto/420-Fernando-Ave-94306/home/1208864 3.6M
https://www.redfin.com/CA/Palo-Alto/1260-University-Ave-94301/home/1573688 3.35M

What are the driven factors here? A couple of reasons that I can think of.
1/ Apple increased their comp.
2/ Many tech directors are Indians and since Indian families prefer to stay in Sunnyvale, it raises prices. Anecdotal evidence from many open houses that I went to. Significantly more Indians showed up in Sunnyvale open houses than Palo Alto.
3/ Buyers believe that Sunnyvale has better or soon to be better schools than Palo Alto.
4/ Gold/hidden gems will be discovered in every inch of Sunnyvale land.
5/ Other reasons. Please share.

#housing #bayarea #sunnyvale #paloalto

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