Author: Agggregated News
Decrepit Palo Alto home asking $2M enters contract – New York Post
Bay Area residents are used to seeing luxury homes listed for millions of dollars, but even they were floored by a recent home listing. An uninhabitable fixer-upper in affluent Palo Alto priced at $2 million has become a viral sensation, leaving people worldwide scratching their heads. The listing, for a dilapidated 1950s-era home, includes green shag carpeting, wood-paneled walls and outdated floral wallpaper. Olivia McNally of McNally and Associates, the listing agent, showcased the run-down property in a cheeky video set to Sabrina Carpenter’s “Espresso.” McNally posted the video, titled…
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Bay Area median home prices continue to rise – NBC Bay Area
Bay Area home values are once again stretching to new highs, where there is high demand but not enough supply. According to the California Association of Realtors, the median home price for homes in San Mateo and Santa Clara counties is at least $2 million. There are nosebleed levels for San Francisco and Alameda as well. “We’re seeing many offers per house, multiple offers per house,” said Lynsie Girdley, an agent with Compass. #Update: Median housing prices, by county: San Mateo: $2.15 millionSanta Clara: $2.0 mSan Francisco: $1.8 mAlameda: $1.4…
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Why the housing supply is so bad in the San Francisco Bay Area – Palo Alto Online
To alleviate the housing crisis, the California Department of Housing & Community Development has set an ambitious goal of adding 2.5 million new housing units across the state by 2030. Photo courtesy Getty Images. Housing affordability appears to be getting worse in the Bay Area’s nine-county region. Only 1 in 5 households could afford to purchase the region’s median-priced home of $1.2 million during the first quarter of this year, according to data collected by the California Association of Realtors. In April, the median price jumped even higher to $1.4…
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