as investment you need to get closer to the city bernel heights would be nicer to live but realtors might call it bernal heights but it might not be,3 areas are not that nice,house sales are going down,they are building 20,000 condos in the city.peole who cant afford to rent are moving out
sunset and Richmond get cold and fogey,if buying in sunset try buy near restaurants it can take an hour on muni to get downdown in all 3 areas your buying into a bubble,so if it bursts your under water
1) What type of property are you looking at Single Family Residences, Condos, Multi-Unit Buildings?
2) What time frame do you want the data on? For example prices for most condos appreciated until 2007 when priced peakd but have in general decreased after, so depending on your starting date it will greatly impact what appreciation has been in the past.
Let me know and I am happy to put a report together for you. If you want general information on pricing movements please just go to my website under Market Reports or Blog at http://www.gbandas.com and you can find a lot of information on current trends.
Making appreciation projections right now should be back to the "historical" 4 to 6 percent over the long term. Your personal housing should not be bought as an investment, it never should have. That belief is what led buyers to believe that every loan, even a neg-am loan would be OK because the property would appreciate.
If we tout past appreciation numbers we should give the standard financial market disclaimer â€œpast performance does not future performanceâ€.
On other aspects one copuld say that the Richmond is transit rich and would therefore be better, but both the Sunset and most of Bernal are single family properties and the Richmond has more multi-family.
This will be interesting to see how clear the crystal balls are!
Generally speaking, areas closer in to downtown are going to appreciate better. However, each property must be evaluated on its own - if you get someplace at a great price it's going to appreciate more because you have more room for it move upward. And more importantly, there are good parts of a neighborhood and bad parts.
Additionally, if you are close to a border line between two neighborhoods, being on the "right" side can make a huge difference in value.
What you should do is get pre-approved if you haven't already so you know what you can afford, then find a broker who is active, experienced, and has great negotiating skills to help you figure out where the best deal is for you.
Lance King/Owner-Managing Broker
Barbagelata Real Estate
Yorubalo, if you decide to buy in the City with the idea of holding it for 7-10 years plus, you should do just fine.
Bernal also seems to be the alternative go-to neighborhood for buyer who get priced out of Noe.
Paragon Real Estate Group
CA DRE 01844627