Daly City: Under $400K Can Buy Plenty
DALY CITY…so close to SF yet in so many ways, so far: one of the most drastic differences between the big city and her more suburban sibling is the way the real estate slump has affected each area. While SF has, overall, stayed strong, Daly City has largely suffered. The upshot then is that people interested in more space for their money, yet still hoping to be close enough to San Francisco for a close (and bridge toll free!) commute may find their home more easily now than ever.
For example, currently available in Daly City:
CONDOS
3/2 condo at 2011 Pine Court, includes parking and deck. $389,900.
Multiple condos at 361 Half Moon Lane. Here is #00209, a 1/1 that offers a complex with parking and pool. As this listing has been on market over 115 days, the asking of $245K is perhaps ambitious.
SINGLE FAMILY HOMES
Yes, these are often homes in less than stellar neighborhoods, but to see a single-family home anywhere near SF for less than $400K is new, and if the market turns around, these may (?) offer good investment options.
254 Irvington St: 3/2 SFH with garage: $350K.
438 Orient St.: Southern Hills 2/1 with garage, good sized lot. $375K.
368 Westlake Blvd.: A 4/2 that sold for $635K in ’07. Now a short sale, asking just $399K.
If you do a search on Redfin.com for properties up to $500K, you’ll see many more than I have listed, and the difference in quality, location, and size is substantial. But this is just a small overview of how affordable Daly City has become. If you like this oceanfront ‘burb, now may be the time.
Photo credit: Wikimedia Commons
