Santa Clara County Report Shows Increased Property Values

Santa Clara County's property values rose 4.7% to a record $760.1 billion for 2026-27, driven by ownership changes, residential properties, and new construction. Commercial real estate showed mixed trends with increased assessment reductions but strong office leasing, especially in Class A buildings. Lower-end homes faced value declines amid higher interest rates, reflecting a K-shaped economy. Future growth depends on mortgage rates, inflation, regulations, and political factors.