Palo Alto Home Values Still Going Strong

Even Bay Area homes have been tainted by the recent real estate market woes--but only some of them. There are still few areas in the nine-county zone where home values are appreciating, according to a recent article in the San Francisco Chronicle by Caroyln Said.

Home values hold in few places in Bay Area

Prices are still going up in beautiful areas like Sausalito, and in places where technology reinforces the economy. That means good news for Cupertino and Palo Alto home owners and potential buyers, and bad news for "exurbs" like eastern Centra Costa County (where a glut of new homes were built in the last few years). It's the same old problem--too many houses on the market and not enough buyers drive prices down. But places that still have something to offer, like jobs for instance, usually retain property values because those properties are (and will be) in demand.