The neighborhood of Seven Springs is at the Southern tip of Cupertino and was developed in the 1980s. The newest and most northern neighborhood, Oak Valley, borders Rancho San Antonio Park and was developed around the year 2000.
Cupertino is known for its expensive housing prices as the majority of residential properties are multimillion-dollar homes, with the entry-point into a single family home at about 1.5 million dollars. Many homes are in the upper $1 million to $3.5 million range. The high cost of living in Cupertino is attributed to the high-quality schooling, safety of the town, and its central location within the Silicon Valley. The city has attracted many high-income professionals and executives many of which are all cash buyers. The price of housing in Cupertino seems to have weathered even the 2007 slump in economy.