It is another big milestone in the Bay Area housing market: The median price of a single-family home in Santa Clara County hit $2 million for the first time. So what is driving the surge? Realtors say low inventory is the key issue.In San Jose’s Almaden Valley, a home right at the median price with an asking price of $1,949,000, will get you 2,050 square feet, four bedrooms, and two and half baths.
6 million, Morgan Hill at $1.5 million, and Gilroy at $1.2 million. Compared with other regional prices using April figures: San Mateo County checked in at $2.17 million, San Francisco at $1.7 million and $1.4 million in Alameda County. "There is just so much competition out there; you don’t want to fall in love with anything too quickly. You just don’t know how it is going to go," said Stephanie Holman, who is in the process of purchasing a condominium.