Geek's Number Talk: A Year of Extremes

Global pandemic, shelter in place, mass unemployment, empty office buildings, small business collapse, families on the move, destructive wildfires, an anxious presidential election, interest rates at historic lows, stock markets at new highs, IPO mania, vaccination rollout, and a real estate market on steroids with median sales prices hitting new peaks — particularly for luxury homes.

2020 was a lot of things, and most definitely a year of extremes. But even 2020 couldn’t stop the steady appreciation of home prices in Silicon Valley! Don’t believe me? See the charts below.

SCC Median House Price Changes since 1994.png
SCC Home Price Appreciation since 1990.png