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What does the price range $860,000 to $900,000 buy you in cities around the country? New construction in San Antonio or antique charm in San Francisco.
What does the price range $860,000 to $900,000 buy you in cities around the country? New construction in San Antonio or antique charm in San Francisco.
Photo: My San Antonio, F8
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What does the price range $860,000 to $900,000 buy you in cities around the country? New construction in San Antonio or antique charm in San Francisco.
What does the price range $860,000 to $900,000 buy you in cities around the country? New construction in San Antonio or antique charm in San Francisco.
Photo: My San Antonio, F8
The median price for a home or condo in the San Francisco Bay Area is $860,000.
Depending on which city you’re in, this amount puts you in very different types of abodes.
In Concord, you can live in a three-bedroom home and spend weekends barbecuing in your spacious backyard, maybe even swimming in your pool. In San Francisco, $860,000 puts you in a cozy condo within walking distance of cafes, boutiques, or possibly even your job.
There are tradeoffs to both places. In the city, your money buys less house, but usually a shorter commute. While in the suburbs, the square footage goes up, but so does the commute time.
What about in other cities around the country? The San Francisco Bay Area is the most expensive real estate market in the United States, so obviously your money in most any other place, except Manhattan, buys you more house, more charm, and more backyard.
In the gallery above, you’ll find what $860,000 affords you in seven cities around the country. In Portland, Ore., you can buy a 3,200-square-foot historic craftsman, while in Santa Fe you can scoop up a new construction mansion.
ALSO: What $2,800 rents you in 11 cities including San Francisco, Austin and Louisville
Information service CoreLogic crunches the real estate numbers every month and found the median price paid for a Bay Area home or condo in May was $860,000, up 1.2 percent from $850,000 in April 2019 and down 1.7 percent from $874,750 in May 2018.
This marks the biggest year-over-year percentage decline in more than seven years.
Read more about the report over at the San Francisco Chronicle.
Amy Graff is a news producer for SFGATE. Email her at agraff@sfgate.com.
Article source: https://www.sfgate.com/realestate/article/What-you-can-buy-for-860000-in-america-14059259.php