[dsp1234]

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.

[BoorishBears]

It's not a lot relative to Sunnyvale it's a lot relative to the US

The idea being Sunnyvale can justify that with salaries and the employers in the area