Top price in gentrifying neighborhood

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Bayview’s renovated houses are now selling for 1.45M. EPA is selling for 1.35M.

Observation#1: SF renovation is higher end than SV. Is this a general trend? Do SF people value more about high end features?

Observation#2: Bayview appreciation beats EPA. Will it continue?

https://www.redfin.com/CA/San-Francisco/1422-Revere-Ave-94124/home/1352942?utm_source=myredfin&utm_medium=email&utm_campaign=ios_share&utm_nooverride=1&utm_content=link

https://www.redfin.com/CA/East-Palo-Alto/12-Shorebreeze-Ct-94303/home/1907524?utm_source=myredfin&utm_medium=email&utm_campaign=ios_share&utm_nooverride=1&utm_content=link

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Of course, the Fab 7x7 is a destination type city. At end of the day, which is more impressive, I own and live in San Francisco or I own and live in EAST Palo Alto? Yeah, despite the feces and needles, we still rule the Bay!!!

Oh, see that parade that was broadcast on Fox TV? I couldn’t find San Jose’s parade on any channel…

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I own and live in pac height is very different from I own and live in Hunters Point though…

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Yes, Capt Obvious…

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Bayview is less than 1000/sf. Is the transaction in 2016 market rate? If so, 1,000,000 jump without a true addition is nice.

East Menlo now has a comp at ~1300/sf. That is impressive. Old SFH top out at 1.5 currently. East Menlo and EPA were equivalent (within 5%) 1-2 years ago.

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Not sure about 2016 “sale”.
The 1998 sale of 199k is legitimate. A seven fold price increase in 20 years should match or beat Palo Alto and Cupertino.