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02/22/2006: "Housing bubble deflating"

Apparently, someone did some research into the avg square foot prices for townhomes in S. San Jose and came up w/this nifty graph.

Here's an excerpt from the site:
Here is price per sqare-foot data for 5-year-old 2 br/2.5 ba townhomes located on "communication hill" in s. san jose. Horizontal axis is the date the sale was made. The two models included in the data are 1057- and 1104-sq-ft in size, and are typical mediterranean-stucco-on-foam style (representing Irvine, CA's most ubiquitous export...with the possible exception of crap mortgages). They are located on a small hill and offer sweeping views of beauuuu-tiful south san jose.

You can look up similar charts on http://www.zillow.com though I heard some of their data is not all that accurate.

This home at $721,590 is valued higher than...

Learn more

• 51% of homes in 95054 ZIP code $710,504
• 60% of homes in Santa Clara $687,043
• 48% of homes in Santa Clara County $723,679
• 76% of homes in CA state $525,284
• 91% of homes in United States $261,421

Bubbalicious!

Replies: 2 Comments

Nice. The site looks like its generating quite a few hits already!

Steve said @ 02/23/2006 09:25 PM PST

Check out my new site: http://burbed.com - a collection of the "best" of silicon valley houses :(

Burbed said @ 02/22/2006 10:19 AM PST