San Mateo County home prices overtake San Francisco for the first time since 2007


#1

:scream: :scream: :scream:

https://www.bizjournals.com/sanfrancisco/news/2018/05/10/san-mateo-county-home-prices-overtake-sf.amp.html

San Mateo County took San Francisco’s distinction as most expensive Bay Area housing market last month, according to a report from residential real estate firm Pacific Union.

The median home price of in the county currently sits at $1.47 million, compared to San Francisco’s $1.39 million. Selma Hepp, Pacific Union’s chief economist, said that this is the first time that San Mateo prices have overtaken San Francisco in a decade.

Santa Clara and Marin Counties followed closely behind with median home prices of $1.26 million and $1.25 million, respectively. Santa Clara had the fastest year-over-year growth at 29 percent.


#2

It’s all @sfdragonboy’s fault.


#3

:scream: :scream: :scream:

It’s the feces and needles and Kim…


#4

At this pace Santa Clara County will be king :crown: next year.


#5

No. Santa Clara County will always have East San Jose to drag it down couple notches…


#6

Beat the crowd and buy in alum rock. Watch price :rocket:


#7

Already missed the boat… Agent begged me to buy turnkey flip for 350k in 2011. Emailed me 3 times and reduced price twice. I ignored her… :sob: :sob: :sob:


#8

SF has the tenderloin and hunter’s point.


#9

Size of those neighborhoods is small compared to the entire city. Size of East San Jose is very big.


#10

How do you explain SF having ~2x the crime rate of San Jose? It’s rare per 100,000 people, so it accounts for size difference. SF has much higher crime (property and violent crime).


#11

Only in certain parts of the city. My part is very safe :slight_smile:


#12

Heck, if you can’t beat em, join em I say…


#13

I joined too! :rofl:


#14

dragon and wqj have moved out of SF to SMC and SCC. Harrier is looking to leave SF.

We already have a SF exodus


#15

SF still my primary home… until I convert that into a rental you can’t really say that about me… :smile:


#16

@harriet lives in Daly City. She’s already a SMC girl.


#17

Not dragging it down as much anymore. Seeing average sales in the mid 800 to 900s now.

Example here:


#18

:frowning:


#19

350k at that time for turnkey not as good as if you bought a condo for 350k in Sunnyvale or Mountain View :slight_smile: ESJ turnkey maybe 2x while condo in SV and MV probably 3x.


#20

I’m happy with my 2x gain in Contra Costa. Because I was already late to the game when I bought (2013-14) :upside_down_face: