$742000 is the new median home price in Bay Area: Here’s what that buys you

http://www.sfgate.com/realestate/article/median-home-price-Bay-Area-CoreLogic-SF-CA-12221743.php


Updated 11:18 am, Tuesday, September 26, 2017

  • 47fe8 920x920 $742000 is the new median home price in Bay Area: Heres what that buys you

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617 Macarthur Ave REDWOOD CITY, CA 94063

617 Macarthur Ave REDWOOD CITY, CA 94063


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This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.


Photo: Open Homes Photography

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.


Photo: Open Homes Photography

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.


Photo: Open Homes Photography

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.


Photo: Open Homes Photography

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.


Photo: Open Homes Photography

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet.


Photo: Open Homes Photography

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet. [12:56]

This two-bedroom cottage near downtown Redwood City at 617 Macarthur Ave. packs a lot of charm into only 790 square feet. [12:56]


Photo: Open Homes Photography

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.

A five-bedroom, 2,443-square-foot home at 1825 in Clayton has mountain views from every room. Asking is $750,000.


Photo: Summer Anderson

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.

This $745,000 two-bedroom home in Berkeley’s Westbrae neighborhood at 1340 Curtis has a sunny interior and lush garden and is close to shops and restaurants.


Photo: Open Homes Photography


The Bay Area’s notoriously high home prices continue to soar. 

The median price paid for a Bay Area home in August was $742,00o, up 11.6 percent from $665,000 in August 2016, real estate information service CoreLogic said Friday in its monthly market report.

This marks the biggest year-over-year gain in 19 months.

“The median price dropped 3 percent from the month before, but prices typically dip between July and August, by an average of 1.6 percent over the past few decades,” Kathleen Pender pointed out in a San Francisco Chronicle story on the new report.

For first-time home buyers with limited budgets, the high prices continue to be discouraging.


“It depresses me when I’m trying to get buyers in a place,” says realtor Colleen Larkin of Thornwall Properties in regards to the August median price. “I think the Bay Area is a desirable place to live and we’ve watched the prices go up to a point where it’s unaffordable for many. It makes me happy when I can place a buyer in a home.”

What exactly can prospective home buyers expect to find at the median price around the Bay Area?

SFGATE identified homes priced within $5,000 of the August median (see in the gallery above), and found that what you get depends on where you look as the median price varies vastly from city to city.


In San Francisco where the median price was $1.2 million in August, you can buy a studio apartment around the median regional price. In the most eastern area of the East Bay in cities such as Antioch and Brentwood (both in Contra Costa County where the median price was $572,000), you can find a three-bedroom-plus home with a master bedroom closet the size of that S.F. studio. 

“The farther you move away from the city the more house you get,” says realtor Terrylynn Fisher with Dudum Real Estate Group. “The more house, the more commute. Downtown Walnut Creek is highly desirable right now. For $750,000 you’d get maybe one or two bedrooms in a high rise. For a yard and dog, you have to go farther east.”

Case in point: Fisher is listing a 2,443-square-foot Clayton home at 1825 Yolanda Circle for $750,000 (see in gallery above). The large property has four bedrooms plus a den that can be converted into a fifth bedroom, three bathrooms, a kitchen with a breakfast bar, a formal dining room, and an expansive lawn in the front yard and a patio in the back.  

“It’s actually a little under priced for Clayton because it’s bigger than average for this price range,” Fisher explains. But it’s not completely updated with a brand-new kitchen and brand-new bathroom. The location is great because the schools are highly rated. You can walk on the trails to downtown Clayton and there are views of Mount Diablo and toward Martinez and Benicia.”

Meanwhile, on the Peninsula where high-paying jobs at tech companies have attracted an influx of homebuyers, you get less for your money. 

In Redwood City, we found a small and sweet cottage at 617 Macarthur Ave. with two-bedrooms and one bath tucked into 790 square feet on the market for $729,00.

“Its move-in ready,” says broker Sammy Hastings of Renovation Design Realty Inc. “We really worked with how to maximize the space but also continue to keep the charm.”

Hastings adds, “I think that the Peninsula has become untouchable with the influx of populations. And Redwood City back in the day wasn’t that fabulous, and now it’s so close to the tech companies and Oracle, and downtown is hopping.”

Article source: http://www.sfgate.com/realestate/article/median-home-price-Bay-Area-CoreLogic-SF-CA-12221743.php

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