Tag: neighborhood

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Updated Bay Area Home Value Map

Median prices almost always conceal large disparities in the prices of the underlying individual sales – this is particularly true for larger cities: in San Francisco for example, median house prices by neighborhood range from $465,000 to $4,000,000, and there will be similar disparities in Oakland and San Jose. But median prices can be valuable to show appreciation trends, and to some degree, to compare general home values between different areas. The last quarter was a period of rapid price appreciation virtually everywhere on this map.

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587 Jersey One Year Later

I came across this beautiful wreck during a walk in my ‘hood last autumn and snapped this photo to catch the eerie light through the windows.

Purchased a year ago for $700,000, the 1300 sf house has grown to 4BR, 3 BA and 2462 square feet.  Voila, the new 587 Jersey, just listed at a slender $1,749,000.  That’s $710 a foot.

I toured the property last Tuesday and to be honest I was underwhelmed.    The developers squeezed the extra square footage into the original building envelope by building out the attic and the basement.  Certainly a good way to avoid all the hassle of neighborhood 311 hearings, notifications, and controversy.  But at the end of the day, you’re still buying a built out basement and a built out attic.  And it shows.

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Enough about Owning — How about San Francisco Rentals?

I came across a site recently that not only provides a database of available rental units for many US cities, but also has nice, easy-to-read charts on rental trends for specific areas.  Unfortunately, you can’t get very precise in terms of zip code or neighborhood, but it certainly give you a good sense of rental trends.  And trends, as we all know, are what it’s all about!

Welcome to RentBits.com:

I’ve added them to my blog-roll.