Three of the top 4 listings on our Daily Stats board are in the $600,000 range, which is very unusual. I think this is a reasonable price point for many buyers today, and given that all the homes are in different cities in the Bay Area, I thought it would be fun to compare:
1406 Yukon Drive, Sunnyvale 3/2.5, 1572 sf, $670,000
Two-story townhome with back yard (HOA unknown). Rather boxy in appearance, rooms appear light and kitchen has had updating. One block away is Sunnyvale/Saratoga Road leading to Highway 280, and access to Highway 85 is nearby as well. On the market just 1 day, this listing is $426/sf. Last sale was 20-03 for $515,000 and the Zillow estimate is $744,232.
3071 Southwycke Terrace, Fremont 2/2.5, 1376 sf, $619,950
This is a two-story Contemporary single-family home on a corner lot with nice yard. Twenty years old, kitchen and bathrooms look to be updated and the living room has soaring ceilings. (There is a HOA fee of $73/mo, as this home is in a community.) This listing is a few blocks from the Quarry Lake Rec Area, and about a block away from both Thornton Avenue and Paseo Padre Parkway, with access to Highway 880. On the market 17 days, square foot cost is $451. Last sale was 2005 for $629,000 and Zillow estimate is $632,471.
1500 Howard #204, Burlingame 2/2, 1283 sf, $610,000
This is a end-unit condo in a 3 story Mediterranean-contemporary building on the corner of Howard and El Camino Real. (HOA = $323/MO.) Located on the second floor, this unit is rather vanilla in design and color that will experience road noise. Access roads to highways 101 and 280 are very nearby and CalTrain is within walking distance. On the market 15 days, the price translates to $475/sf. Last Sale was 2004 for $515,000. There is no Zillow estimate.
All 3 homes have quite a few things in common: square foot price at around $450; on the market a relatively short time; easy access to freeways, although some experience road noise due to that access; HOA dues. What differentiates them is the type of dwelling and size of dwelling. You have your choice of condo, townhouse, or single family home, two bedrooms or three, backyard or not. Personally, I liked the Fremont home based on the pictures and location. Which would you choose?
Recent Sweet Digs Bay Area Posts:
SF and Daly City: Spotlight on Westmoor High School
Berkeley: Nice To See Some Reasonable Looking Prices Again