Agent2Agent in San Mateo>Question Details

Wayne Auld, Real Estate Pro in North Sydney

What's the general outlook for Real Estate prices in San Mateo (Bay area), i'm a foreign investor ?

Asked by Wayne Auld, North Sydney Wed Mar 12, 2008

I have a former gf who is an International flight Attendent with United, I met her here in Sydney and have traveled to the US and love San Francisco, she's from San Mateo, so I liked that as well. So for a median priced residential investment either Townhouse (I think you call them Condo's or small home) what sort of $ and return is available. I have about $465,000AUD or approx $436,000USD cash and can finance a smallish gap if necessary.

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San Mateo county is not known for getting the square footage for the price you pay (especially in more desirable areas), further south. If you are buying further north, your $436,000 could get the job done, but it would require some patience. However, if you go too far north, that will be San Francisco, and for $436,000, you will likely be in a condo/townhome or a home that requires some work or some type of "protection".

If you want the $436,000 to go farther, my suggestion is either the South Bay or East Bay.
0 votes Thank Flag Link Sun May 18, 2008
Wayne,
The great news about San Mateo and the surrounding areas is that they are already pretty developed, meaning there isn't room to expand. Because of that our prices stay pretty stable even in difficult economic periods. The San Francisco Peninsula is usually the last area to go into a real estate decline and it is usually the first area to come out of it. Having said that, you won't get a lot of home for $436,000. It is best to do some scouting with an agent so you can see what your options are.
0 votes Thank Flag Link Mon May 12, 2008
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