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This little-known Silicon Valley 'micro-hood' is suddenly one of the hottest housing markets in America ' take a look

Published by Business Insider on Thu, 05 Oct 2017

Lots of peopleworking in Silicon Valley can't afford to buy a homethere.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-neighborhoodcalled Serralocatedbetween theheadquarters of Google and Apple. It's also known by itsmain drag, The Dalles.This southwest corner ofthe town ofSunnyvale 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 recognizethe name.Earlier this year, real-estate site Redfin named Serra thethird hottest neighborhood of 2017.The site based the ranking on increases in internet traffic to listings in specific neighborhoods. Serrahomes typically sell in under two weeks at 106% of the listingprice.Here's what life is like in the neighborhood.SEE ALSO:Inside the most expensive zip code in Silicon Valley, where tech moguls like Eric Schmidt and Paul Allen have their mansionsI had my doubts about Serra, also known as "The Dalles," according to Redfin, before setting out for the more desirable neighborhood in Sunnyvale. Did it really exist'not totally sure aboutthe first line in the slide hed..are you saying there is a more desirable neighborhood than Serra'Based on my preliminary Google searches, Serra looked like a realtor's attempt to rebrand an existing neighborhood with a pleasant-sounding moniker in order to lure prospective buyerslike New York's made-up SoHa. None of my colleagues in San Francisco had ever heard of it.Google Maps confirmed my suspicion. Searches for Serra and The Dalles turned up only Serra Park, the neighborhood park, and The Dalles, the street that bisects the area.A map on Redfin provided some clarity. Serra spans about two square miles.See the rest of the story at Business Insider
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