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Silicon Valley Housing Market Cools Off – NBC Bay Area

The housing market has cooled off significantly in Silicon Valley, but interest rates are climbing.

Bay Area Real Estate Market Shows Homes Selling for Average of $1 1 Million

Updated on May 11, 2021 at 9:18 am NBC Universal, Inc. Looking to buy a home in the Bay Area? Set a budget of more than $1 million or expect to be disappointed. That s what real estate agents are telling clients after the median price of a single family home has topped $1.1 million. Download our mobile app for iOS or Android to get the latest breaking news and local stories. Real estate agent Rigo Bracamontes on Monday gave a final tour to a man who just purchased a home on North Fourth Street in downtown San Jose. He calls the home a major fixer-upper. The property sold for $850,000 in an all-cash deal a bargain according to the buyer.

Bay Area Real Estate Market Shows Homes Selling for Median Price of $1 1 Million

Updated on May 11, 2021 at 9:18 am NBC Universal, Inc. Looking to buy a home in the Bay Area? Set a budget of more than $1 million or expect to be disappointed. That s what real estate agents are telling clients after the median price of a single family home has topped $1.1 million. Download our NBC 7 mobile app for iOS or Android to get alerts for local breaking news and weather. Real estate agent Rigo Bracamontes on Monday gave a final tour to a man who just purchased a home on North Fourth Street in downtown San Jose. He calls the home a major fixer-upper. The property sold for $850,000 in an all-cash deal a bargain according to the buyer.

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