Silicon Valley Takes the Cake in Luxury Home Market

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Woodside, California, the heart of tech hub Silicon Valley, has been pinned the number one luxury market in the country, according to a recent survey conducted by Coldwell Banker Previews International, which derived its findings from analyzing annualized sales in units and volume of luxury homes, and rises in median and average sales prices.

Silicon Valley Mansion

The Valley has quickly morphed into a real estate hot spot due to the throngs of tech founders, financiers, and foreign buyers that have flocked to the region, thanks to the rapid advancement of technology. Even the modest, "ordinary" homes nestled in the area have turned into highly coveted estates, making any property under a million dollars seem affordable (one of the least expensive houses in Woodside right now is a two-bedroom, one-bath cottage, which is going for a measly $949,000).

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