This little-known Silicon Valley 'micro-hood' is suddenly one of the hottest housing markets in America - take a look
Melia Robinson/Business Insider
Lots of people working in Silicon Valley can't afford to buy a home there.
As a housing shortage in the San Francisco Bay Area continues to drive prices sky-high, some homebuyers are turning their attention to a micro-neighborhood - called Serra - located between the headquarters of Google and Apple. It's also known by its main drag, The Dalles.
This southwest corner of the town of Sunnyvale offers relatively affordable houses, proximity to major tech companies, and a small-town suburban feel. Still, Serra has flown under the radar, in part because few people know it exists. Google Maps doesn't even recognize the name.
Earlier this year, real-estate site Redfin named Serra the third hottest neighborhood of 2017. The site based the ranking on increases in internet traffic to listings in specific neighborhoods. Serra homes typically sell in under two weeks at 106% of the listing price.
Here's what life is like in the neighborhood.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh