One suburb dominates the Bay Area’s list of ‘best value’ – SFGate

http://www.sfgate.com/realestate/article/One-suburb-dominates-the-Bay-Area-s-list-of-best-11285977.php


Updated 11:05 am, Tuesday, July 18, 2017

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Tied at No. 8: Farm Hill. The average home price in this Redwood City neighborhood is $1.6 million. This 3 bedroom, 2 bathroom house is on the market for $1.45 million. Click forward to see maps and homes from each of the top nine Bay Area neighborhoods. 

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Photo: Janice Woods, Alain Pinel Realtors

Farm Hill received a high commute score, since it provides accessibility to jobs north in San Francisco along with Google, Facebook, and other companies on the Peninsula. 

Farm Hill received a high commute score, since it provides accessibility to jobs north in San Francisco along with Google, Facebook, and other companies on the Peninsula. 


Photo: Google Maps


Have you ever considered a move to Redwood City? 

That mini metropolis that kisses the bay about 30 miles south of San Francisco?

If you’re house-hunting in the Bay Area and looking for value, this might be a place to start your search, according to a new report from real estate site Trulia on best value neighborhoods.

Burlingame, just a little north toward the city, would be another spot to start browsing open houses. 

In the high-priced Bay Area real estate market, buying a home can be an overwhelming, perplexing experience.

When you finally find a house you can afford, you might realize it’s located in a neighborhood with high-crime. When you decide on a location because the schools are great, you might find home prices you can’t possibly afford.  

Trulia sifted through its mountains of data to identify those Bay Area neighborhoods where you get the most bang for your buck and created a list based on real estate affordability, the quality of schools, crime rate, the commute and accessibility to shopping, restaurants and other amenities. 

The researchers identified only nine Bay Area neighborhoods — all on the Peninsula — that met the criteria.

Trulia spokesperson Debbi Baratz says, “Only nine met the requirements for affordability.”

Redwood City neighborhoods dominated the list with Palm Park, Roosevelt, Redwood Oaks and Woodside Plaza as the top four (in that order) and Farm Hill tying with San Mateo’s Sugarloaf for the No. 8 best-value neighborhood.


Three Burlingame enclaves—Lyon Hoag, Burlingame Village and Burlingame Terrace—all claimed the title of the No. 6 best value neighborhood.

In the gallery above, we reveal why these neighborhoods made the list, provide median home prices and examples of homes on the market or homes that recently sold.

How does this list stack up with realtors on the Peninsula?

Celeste Johnson of Keller Williams agrees Redwood City offers great livability and for reasons beyond affordability, safety and schools. She adds that the weather is good, the location is ideal as it’s halfway between San Francisco and the Silicon Valley, and the downtown is bustling with restaurants, shops and events.

“The downtown is walkable and it’s vibrant,” she says. “The downtown has been completely overhauled in recent years.”

John Marshall of Coldwell Banker concurs that homebuyers are looking to Redwood City for value.

“One of the things that have kept Redwood City prices down over the years is the schools,” says Marshall, who has been helping clients buy and sell on the Peninsula for more than 15 years. “The school scores were lower than Atherton, Woodside and Menlo Park. But the attitude has changed, and people are asking, ‘Why would I go to Menlo Park and pay $4 to $5 million when I can be in Redwood City for $2 million or less than that. And the schools are slowly getting better.”

Marshall was happy to see Redwood City’s Woodside Plaza on the list. It’s where he lives and he says it’s the type of community where neighbors look out for one another. It also has Henry Ford Elementary School, with a Great Schools rating of 7 out of 10.

He was surprised to not see Redwood City’s Mount Carmel among the best value neighborhoods. Its neighborhood school is Roy Cloud, possibly the city’s most well-regarded elementary school, with a Great Schools rating of 8 out of 10. The houses go for a premium in this neighborhood, he says, and higher prices are likely why it didn’t make the value cut.

Johnson agrees that Roy Cloud is one of the most popular schools with families, and that drives prices up. And this might explain why Palm Park, with the lower-performing Hayes Elementary (Great Schools score of 5 out of 10), is considered the top value neighborhood. Trulia’s list is all about balancing affordability with livability.

And what about Burlingame and San Mateo, which also made a splash on the Trulia list?

Marshall says the schools are more consistently high-performing than in Redwood City, and the access to San Francisco is better with a BART station nearby, but the homes are more expensive. 

“A lot of the houses for $2 million and under are older and haven’t been updated and they’re a little on the small side,” Marshall says. 

Article source: http://www.sfgate.com/realestate/article/One-suburb-dominates-the-Bay-Area-s-list-of-best-11285977.php

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