I love Los Gatos, lived there from 1995-2002, in a brick house that was in Sunset mag in 1949. When it was built, that subdivision allowed no Orientals. The new owners did a remodel which takes up the whole lot. I saw one of those older houses go for 1.7 mil, just for the large lot.
Yeah, it's amazin ain't it. Silicon valley has spread sooooooooo far. Talk about a bubble!
I live on Englewood Avenue in Los Gatos. It's pretty ridiculous what houses are going for on that street. My parents live in a different area of Los Gatos (I don't want to say, because I don't want them to get booted out of the house they've lived in for 33 years). The neighbors across the street from them dozed the house they purchased about 5 years ago, put up two large houses on the property, and sold each one for $1.4 and 1.6M respectively. Can I just say that there is NO WAY those properties are worth that.