There is an outbreak of condominium conversions in the Silicon Valley as many of the new condos being marketed and sold were at one time apartment communities. Not The Woods type of apartment communities that are on acres of land but smaller properties that usually offer little living space. The type of housing that was needed for a fast growing Bay Area city at the time.

Although with the likes of the newer downtown developments that are coming up and the cost associated with these condos, it is great to see some affordable options still available.

San Jose condo conversions benefit many first time and lower income homebuyers. With prices ranging from the low $300’s to the high $500’s these are one of the most affordable options in the number one ranked, highest priced housing market in the US, Silicon Valley.

According to the NAR the Silicon Valley Median Home Price is $775,000. This is almost ten times the price of homes at the other end of the spectrum where Youngstown, Warren, Boardman, Ohio’s Median home price is only $81,500.

If you’re interested in San Jose condo conversions you had better act fast as they typically sell out quickly.