Sales of Million Dollar homes have increased last month from 148 sales in May of 2009 to 251 homes for May of 2010. Could this be due to the fact that the Median price of sales was down during the same time period at $1.3M in May of 2010 from $1.41M in May 2009. This is a change of 8% from last year. Lower the prices of the top tier homes and more buyers will be looking for the move-up option.

There still some issue with the selling of the highest end homes in Silicon Valley as the downtown SanJoseHighRises still have $1.M + penthouses available. These homes in the sky make up the best of downtown living with views that can not be found anywhere else in the Valley. When your ready to make an offer on a High Rise Penthouse make sure you have a professional to represent your interests and not just that of the developer. 

Highest Price Silicon Valley house sold last month for $5.95M in Los Altos, CA.

With the addition of highrise living in the Downtown San Jose area there comes the addition of Penthouse living in the Silicon Valley. This is a first for the area and will only be a growing trend. Another 20 or so high-rise housing projects are in various stages of execution in downtown. Interest in buyer reception has been strong, not only among developers but also the city of San Jose, which is pushing to bring residents to downtown as the necessary spark to jump-start the area’s long-awaited rebirth.

So for any and all them hard working CEO’s and COO’s and Business Executives in the San Jose know that downtown has a home that matches your lifestyle. Well, four new complexes that is anyways.  Can you really count the skyline as a downtown highrise. I say “no” not yet.

I plan to get more information out regarding the current penthouse offerings that San Jose has and the people that are Moving-On-Up…