Here is a snapshot of sales of lots that are 10.000 to 20.000 sqft sold in the last 3 months:
https://www.redfin.com/city/19457/CA/Sunnyvale/filter/min-lo...
2,5M, with respect to the existing market, doesn't appear to be out of the norm.
https://www.redfin.com/city/19457/CA/Sunnyvale/filter/min-lo...
2,5M, with respect to the existing market, doesn't appear to be out of the norm.
The idea being Sunnyvale can justify that with salaries and the employers in the area