Residential Real Estate in your city

[Crawford]

It would be highly unusual to get a 4,400 sq. ft. home in Coastal CT for under 400k. There has to be some catch, like struggling schools, or needing huge repairs.

Just to illustrate, Fairfield, which is a middle class (nice but not fancy) town adjacent to Bridgeport, has a median home value of just under 700k.

But it is true that the NY suburbs have plenty of reasonably priced suburbs, especially further out.

[AviationGuy]

Originally Posted by Crawford

It would be highly unusual to get a 4,400 sq. ft. home in Coastal CT for under 400k. There has to be some catch, like struggling schools, or needing huge repairs.

Just to illustrate, Fairfield, which is a middle class (nice but not fancy) town adjacent to Bridgeport, has a median home value of just under 700k.

But it is true that the NY suburbs have plenty of reasonably priced suburbs, especially further out.

I saw the real estate ad for the property, and it matched what my friends said. I looked on Google Earth, and their neighborhood is 12 miles north of downtown Bridgeport. So that may be far enough to get lower prices. I did find out that this property has been a classic money pit in the last year since they bought it. Maybe the sellers knew that, and wanted to dump the property. It looks beautiful, but the things that have gone wrong have been ridiculous. That plus the distance from Bridgeport may be the reason for the seemingly too low price for the area.

[SLO]

I fully expect a real estate crash in the next 12 months. Prices and increase are not sustainable, interest rates are going to climb

[SIGSEGV]

Originally Posted by SLO

I fully expect a real estate crash in the next 12 months. Prices and increase are not sustainable, interest rates are going to climb

yes, especially in places like Reno or Boise...

[SLO]

Originally Posted by SIGSEGV

yes, especially in places like Reno or Boise...

I certainly don’t follow all markets but know construction cost is at all time highs and land in the markets I work in. I haven’t seen price escalation like this since 2007-08. I know Texas and California pretty well and I believe it’s very inflated.

[dimondpark]

California needs a break from this madness

The year-over-year data in the link is very interesting as well. SoCal's numbers are soaring, along with much of the country for that matter...

Redfin: US Metros By No. of Homes That Have Sold $100,000+ Above Asking Price This Year

Metros by Number of Homes
Sold $100,000+ Above Asking This Year:
Los Angeles 718
Oakland 580
San Jose 490
Seattle 488
Anaheim 365
San Francisco 335
San Diego 323
Boston 158
Denver 125
New York 109
Dallas 95
Washington DC 93
Riverside 90
Phoenix 89
Austin 74
Newark 65
Nashville 58
Portland 57
New Brunswick, NJ 48
Sacramento 42
Nassau-Suffolk 39
Atlanta 36
West Palm Beach 34
Miami 28
Montgomery County, PA 23
Charlotte 23
Baltimore 22
Tampa 22
Fort Lauderdale 16
Kansas City 15
Fort Worth 12
Chicago 12
Columbus 11
Philadelphia 10

The rest can be found here:
https://www.redfin.com/news/homes-sold-above-asking-price-2022/

[bossabreezes]

Look how disproportionately low NYC is on that list in relation to its population. Shows that NYC is still not as hot as anywhere in California and even still below Denver and Boston.

Southern California has, by far and large, become just as unaffordable as Northern California. In fact, for quality housing i would say Los Angeles is now more expensive than San Francisco.

Of course LA has a — ton of terrible, cheap housing stock too but I’m referring to the good stuff. The good stuff is very, very expensive now in LA. Orange County has become total insanity as well- $15 million for a (very nice) 3k square foot house on a tight lot in Newport Beach is becoming common.

[jmecklenborg]

I was in my rental property near the University of Cincinnati for the first time since new tenants moved in months ago...of course every house/apartment has a basement in this area. Valuable(?) basement space has been given over to an ongoing Axis & Alllies game:


10 feet above, recording is ongoing in the dining room:


Imagine what such frivolity would cost these days in LA or NYC. When I was a teenager and in my early 20s, such things were possible in those places.

[muppet]

It's a well known fact for Millennials, you'll never be as 'rich' as your parents (no matter how much you earn more than them). In my city if you can have your own garden, dog, car or walk to work you're living the lifestyle of a millionaire.

[dimondpark]

This house house in Oakland doesnt have a backyard, but I love the look and feel. Not my personal taste, but it's very cute nonetheless, and the price is very reasonable!

$1,795,000
3 beds/2 baths 2,147 sqft
3,330 sqft lot
the listing from Estately
https://www.estately.com/listings/info/6178-s-rockridge-blvd--1


https://images.estately.net/89_40986088_2_1648583559.jpg


https://images.estately.net/89_40986088_14_1648583562.jpg


https://images.estately.net/89_40986088_33_1648583565.jpg

the house has a lovely view as well...

https://images.estately.net/89_40986088_35_1648583565.jpg

[Crawford]

That seems pretty reasonable for the Oakland hills. I'd live there. What's the catch? High fire risk?

Of course, it's still 1.8 million for a modest-sized house in a city where no one non-poor even thinks about public schools, so not exactly fire sale prices.

[iheartthed]

I don't really like big houses, so that Oakland Hills house seems like a good size. But the lack of yard is a non-starter. I don't see the point in owning an entire house with no outdoor space.

[dimondpark]

Originally Posted by Crawford

That seems pretty reasonable for the Oakland hills. I'd live there. What's the catch? High fire risk?

Of course, it's still 1.8 million for a modest-sized house in a city where no one non-poor even thinks about public schools, so not exactly fire sale prices.

Well, this area has excellent public K-5s, most kids in Rockridge I know of that in age group go public and then private from then on, so you have a point.

[dimondpark]

Originally Posted by iheartthed

I don't really like big houses, so that Oakland Hills house seems like a good size. But the lack of yard is a non-starter. I don't see the point in owning an entire house with no outdoor space.

Same. There's a small deck but I need a real backyard.

According to the link, this area behind the house is what you get as far as backyard, so I shouldnt have said there's no backyard, there is, but very small imo.

[iheartthed]

Originally Posted by dimondpark

Same. There's a small deck but I need a real backyard.

According to the link, this area behind the house is what you get as far as backyard, so I shouldnt have said there's no backyard, there is, but very small imo.

It looks a little better from that angle, since it has a deck and space on the ground. But I'd need to see more angles.

[sopas ej]

This is still on the market.

Spanish Treasure in Silver Lake

1632 North Dillon Street | Silver Lake, Los Angeles
$1,849,000 | 2 Bath | 2 Bed

Set on a knoll with views across the valley, this 1925 Spanish is a rare find.

Outside, wrought iron, a tiled wall and landscaping define the Old World flavor.

Inside, a world of period charm and modern amenities unfolds. In the living room, light from huge arched windows washes over original hardwood floors and doors, curved entryways and high ceilings.









Link: https://www.theeastsiderla.com/sponsored..._p1unn31wSqYLplppWYs0cgbdZmxdR1h63nFwwo0

[sopas ej]

From jennacooperla.com:

2021 N. SERRANO AVENUE, Los Angeles


JUST LISTED | $3,995,000

6 BEDS | 4 BATHS | 3,640 SQFT
Ideally located on a tree-lined street in Los Feliz, this 6 bedroom, 4 bath Spanish charmer offers magic and light at every turn. Artfully updated with great respect for its 1920’s heritage, the floor plan includes a bright and cheerful living room and a formal dining room, both with French doors leading to a perfectly planted front courtyard. Completing the first floor, find a well appointed eat-in kitchen, generous powder room, a spacious primary suite, and a den with French doors, transporting you to the lushly landscaped garden and sparkling pool. Upstairs are four large and spacious bedrooms, which share two hallway bathrooms. The private backyard offers indoor/outdoor living at its best, with a bright and sunny windowed studio space, currently used as an artist’s cottage, a built-in BBQ, and covered outdoor dining area, all facing the elegant pool. Minutes away from Los Feliz’s best restaurants, shopping, and Griffith Park, this home is the perfect retreat for those wanting both urban living and easy access to nature. It’s the one you’ve been waiting for!









Link: https://www.jennacooperla.com/2021-n-ser...RIOkSSXsgRY9ImhDubNzqb0#2021-n-serrano-1

[sopas ej]

From dwell:

A Wood-and-Glass Midcentury by Craig Ellwood Lists for the First Time Since 1965

The prominent Los Angeles modernist designed the post-and-beam residence—dubbed the Kubly House—for the original owners in Pasadena, California.

Property Details:
Location: 215 La Vereda Road, Pasadena, California
Price: $3,000,000
Year Built: 1965
Architect: Craig Ellwood
Footprint: 2,156 (four bedrooms, two baths)












Link:
https://www.dwell.com/article/craig-ellwood-kulby-house-midcentury-real-estate-pasadena-dd82a268

[Pedestrian]

https://www.sfchronicle.com/bayarea/arti...houses-cost-per-square-foot-17082216.php

[Gantz]

Originally Posted by muppet

It's a well known fact for Millennials, you'll never be as 'rich' as your parents (no matter how much you earn more than them). In my city if you can have your own garden, dog, car or walk to work you're living the lifestyle of a millionaire.

I don't know about that. I suspect that millennials will still have higher standard of living. Contrary to popular belief boomers were not well off when they were young.