Saratoga remains one of the most upscale areas in the Silicon Valley, and the median home price is still $1,995,000 for recent sales on the MLS. From May to June, this was a 13.2% decrease – which does indicate that there are bargains to be had in this beautiful area. The school system here is excellent, so further declines in overall selling prices should not be expected – at least any time soon.
Foreclosures are also up by over 3% – if you are a foreclosure buyer looking for a good deal, this is good news.
Here is a snapshot (from Yahoo) of the current activity in Saratoga:
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