$2.9 Million Home Tops Milpitas Luxury Sales for Week of Sept. 8

URGENT UPDATE: The luxury real estate market in Milpitas just witnessed a significant surge, with a stunning single-family home selling for an eye-popping $2.9 million during the week of September 8, 2023. This remarkable sale leads a list of five high-end residential properties that changed hands, underscoring the rising demand for upscale homes in the area.

In total, the average price of the five properties sold this week reached $1.8 million, translating to $986 per square foot, highlighting a robust market trend. The details of these transactions reveal a vibrant real estate landscape, with homes offering a range of features and price points.

Here are the top five sales that made headlines:

5. $918,000 – A 1,236-square-foot condominium in the 1000 block of California Circle was sold for $918,000. Built in 2018, this modern unit boasts 2 bedrooms and 3 bathrooms, priced at $743 per square foot.

4. $1.3 million – A condominium in the 1200 block of Milkweed Street finalized its sale for $1,320,000. This spacious property, also built in 2018, features 3 bedrooms and 4 bathrooms across 1,832 square feet, with a price per square foot of $721.

3. $1.8 million – A single-family home located in the 1300 block of Elkwood Drive fetched $1,830,000. This residence, constructed in 1991, offers 3 bedrooms and 3 bathrooms within a 1,705 square foot layout, resulting in a price of $1,073 per square foot.

2. $2.1 million – A detached single-family house in the 1500 block of Sonoma Drive sold for $2,125,000. Built in 1966, this home spans 1,737 square feet and features 4 bedrooms and 2 bathrooms, with a notable price per square foot of $1,223.

1. $2.9 million – The standout property of the week is in the 600 block of Evans Road, which sold for $2,900,000. Built in 1978, this single-family house offers a spacious 2,712 square feet of living space, including 4 bedrooms and 3 bathrooms, priced at $1,069 per square foot.

These sales were recorded and reported by the Bay Area Home Report Bot, utilizing public records from local county offices. The continuous rise in home values indicates a growing interest in Milpitas, with buyers eager to invest in prime real estate.

As the market continues to evolve, potential buyers and investors should keep a close eye on upcoming listings and trends that could further impact the local real estate landscape.

Stay tuned for more updates on the Milpitas housing market as new sales emerge and trends develop.