Newark Rocking the overbids!

East Bay
1

Even the blue collar Newark is not spared. Million dollar mark for measly 3b/2b 1330 sft home. Bad schools dont matter any more. 800/sft.

I lost the offer on this fixer. My ARV at that time was not anywhere near 1.03M.

https://www.redfin.com/CA/Newark/6171-Marguerite-Dr-94560/home/867873

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:scream: wait for me Newark!!

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Too late! You snooze you lose! :rofl:

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6 miles from the proposed new FB office. Can’t you get a house in Ardenwood for this price?

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Original one looks quite horrible: https://www.redfin.com/CA/Newark/6171-Marguerite-Dr-94560/home/867873/ebrd-40792696

But 1.03M is not what I would consider as ARV either.

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$783/sq ft!!!

Better price/sq ft in 94555?

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Ardenwood, No way for a same product. Other parts of fremont : Yes.

Are these buyers not concerned with schools?

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It didn’t look bad in the inside, Nothing out of league for a full rehab. Stucco will hide all the exterior blemishes you see in the pics.

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Does Newark smell? I know the Dumbarton Bridge near the toll plaza definitely has odor.

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What’s that smell? Might have to close the whole town…lol

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$916/sft…in good ole Newark.

https://www.redfin.com/CA/Newark/35222-Farnham-Dr-94560/home/1679799?utm_source=myredfin&utm_medium=email&utm_campaign=android_share&utm_nooverride=1&utm_content=link

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Your new stomping ground @RealEstatebull?

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Yes, picked up one here. Hence the curiosity.

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Yea, SC out of control now.

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Whtt!!!

9000sq ft lot. Is that the reason?

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I’m surprised market had such a spike in the last month. Amazing…

Low inventory + interest rate fear??

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I think people cashing out of their stocks, and buying in droves. Only takes a handful to drive the demand and price up.

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These Newark prices are very very surprising… for me… is it the new FB+TSLA office effect across 84 in Ardenwood? If that is, Ardenwood should see the effect 1st i.e. rise in prices should 1st happen in Ardenwood.

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There’s that mega development at Bayshores probably trying to capitalize on FBers moving across the bridge to find affordability.

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hmmm… hopefully…:slight_smile: if that is, it’s good for owners in this area.