Does it vary a lot from one City to another? Not much: it turns out that it is fairly similar between Los Altos and Mountain View.
The following graph shows how condominiums and houses evolved in the past 5 years:
In Los Altos the condominium market started to be soft earlier than houses, and is a little slower to recover; - but overall is doing very well.
|Los Altos townhall|
I think what is important to note is the general direction these figures point to, and the general idea that the peak was in 2007 - 2008, and the low 2009.
Again, it mirrors fairly closely what the County of Santa Clara experienced. --Are you curious about your area? Let me know I am curious too. I'll run the figures for you.
Silicon Valley real estate