On the Bay Area Peninsula, the housing values have remained fairly stable with low foreclosure rates and local job growth. But there are still relatively good deals to be had. One needs only to venture north to the upper end of the Peninsula–cities like San Bruno, South San Francisco and Daly City–to see the drastic discrepancy in the markets. For example, on the southern end of the Peninsula, in Palo Alto for instance, the median price has continued to rise slowly, while in Daly City the values have reached levels which pre-date the run-up in 2005. Of course living in Palo Alto has its benefits—not the least of which is a housing market well insulated from wild fluctuations, but it takes money to make money. Notice that the median home price in Palo Alto is more than double that of Daly City.
If you want more information on housing trends ro where to find opportunities in the current market, sign-up for our email alerts or call us at (650) 508-1441
|
|
|
Leave A Comment