Re:Soaring housing costs forces talent to flee Silicon Valley
by joshrotenberg on Friday May 22, 2015 @03:54PM
(#9590596)
This was apparently a record sale price for the size in our area just a few weeks ago:
https://www.redfin.com/CA/Albany/815-Santa-Fe-Ave-94706/home...
Granted, what was there was nice enough (all 1100 sq/ft of it), but over $1M for a 2/1 ... it's just insane right now. It was listed for $749k. The overbidding situation seems to regularly bring in multiple (as in 10-20) offers for a house.
Re:Soaring housing costs forces talent to flee Silicon Valley
by dlubarov on Friday May 22, 2015 @04:06PM
(#9590646)
Sounds pretty cheap compared to South Bay homes! Like this 776 sqft "opportunity to do a remodel" which went for 1.75M: http://www.zillow.com/homedetails/133-Coleridge-Ave-Palo-Alt...
Re:Soaring housing costs forces talent to flee Silicon Valley
by AreaGuy on Friday May 22, 2015 @04:19PM
(#9590716)
Wow... and the last time it sold was for $34,000 in 1975.
That's a 10.4% annual return per year for 40 years.
That's better than the 8.2% returned by the S&P 500 over the same period.
Re:Soaring housing costs forces talent to flee Silicon Valley
by joshrotenberg on Friday May 22, 2015 @04:18PM
(#9590709)
Wow!
Re:Soaring housing costs forces talent to flee Silicon Valley
by hnnewguy on Friday May 22, 2015 @03:42PM
(#9590532)
But it has a garage, and in the Valley that's where dreams are born.
Re:Soaring housing costs forces talent to flee Silicon Valley
by samstave on Friday May 22, 2015 @04:12PM
(#9590682)
HOLY CRAP!
I think Realtors must be farking psychopaths to think that this should be valued at such...
However, anyone with a crap-ton of money who doesnt blink at a price like that for this, well -- they should jsut feel like lucky, fortunate people.
That's nuts.
Here's a great listing I noticed this morning
2 beds 2 baths 827 sqft
"Bring your tool belt, this property needs some TLC! Great location, this property has much potential! Close to schools, shopping, and freeway access."
$900,000