Despite high-interest rates, Saratoga house prices have reached an all-time high. Furthermore, Saratoga houses are currently showing the strongest recent price growth in Silicon Valley of any city. Although Cupertino real estate is also showing very strong house prices, other nearby cities, and zip codes are not showing as much strength. The strength of Saratoga real estate is quite localized.
Take a look at Silicon Valley real estate.
As the graph above shows, Silicon Valley house prices are quite strong even though interest rates have been climbing. It is fairly common that third-quarter prices will be either flat or fall slightly below second-quarter prices unless an interest rate increase is expected.
