While everyone is crying loud about house market slow down inevitable, the key cities in Silicon valley (Santa Clara County) 's price is going up...
sell price/listing | average March 07 - April 07
--------------------------------+--------------------------
Cupertino: 103% | 1.14m 1.225m
Los Altos: 103% | 1.64m 1.71m
Mountain View: 103.61% | 953k 950k
Palo Alto: 103.91% | 1.65m 1.7m
Santa Clara: 102.73% | 725k 753k
Sunnyvale: 103.65% | 815k 900k
--------------------------------+---------------------------
Over 100% means there are multiple offers and bidding war, therefore the sell price went over to the asking price.
data from http://www.sccaor.com/stats/2007/march_07.pdf and
http://www.sccaor.com/stats/2007/april_07.pdf
