Crazy Silicon Valley real estate: Homes routinely selling for $200,000 or more over asking

What’s the deal, Silicon Valley? Six months ago, there was widespread talk about the flattening of the housing market. That conversation is ancient history.

As an example, Alain Pinel agent Mark Wong sent out an email blast this morning with this news: Almost 60 homes, mostly in Sunnyvale and Cupertino, sold for $200,000 or more over asking in the last 30 days. And we’re not necessarily talking about fancy schmancy places; the modest Cupertino home in the photo above sold for $660,000 over asking.

By Richard Scheinin

Full Story: http://www.siliconbeat.com/2017/07/11/crazy-silicon-valley-real-estate-homes-routinely-selling-200000-asking/