Blossom Valley San Jose Price Support

Where is the bottom? I can tell you it is evident in Blossom Valley single family homes just under $500,000 list price. This is for your typical 40 year old ranch house, 3 bedroom, 2 bath, 1200ish square feet on a quiet street (IE: not on a freeway or on Blossom Hill). The homes that are listing at $499k are getting strong offer activity and going in to escrow! So what's the big deal? This: when the general populous realizes that a bottom has been achieved, a spring board effect will occur - not the 10 meter board height of course - but this will put confidence in the market. And if Palo Alto, Mt View, Cupertino, Saratoga and Los Gatos have confidence on the west side, then confidence starts in Blossom Valley, Campbell, Cambrian - we are at the beginning of stability. Don't crucify me if you think I'm nuts - it's just what I see...