So what’s up in Blossom Valley you ask?

Most areas in Silicon Valley hit their all time highs in 2007. Blossom Valley high their all time high in 2006. This was driven mostly by the fact that Blossom Valley has historically been a great time for first time buyers and because of the low interest loans and zero percent down loans from 2002 and 2006. As such the run up in Blossom Valley was seen before some other areas. On the flip side, being that so many of the purchases were high risk with low or no downpayment loans, Blossom Valley was one of the areas that saw a large percentage of foreclosures, short sales and REO’s from 2008 through 2011. Currently for 2014 Blossom Valley is at an average cost per square foot of $421 compare to it’s all time high if $440 in 2006. Not quite at it’s all time high of 2006 but pretty darn close.

2006 $440 average per square foot
2007 $429 average per square foot
2008 $349 average per square foot
2009 $301 average per square foot
2010 $310 average per square foot
2011 $287 average per square foot
2012 $309 average per square foot
2013 $384 average per square foot
2014 $421 average per square foot – Year to Date

2014 Blossom Valley CPSF COE Chart