Comparison Shopping in Boston and SF
“Real-estate experts are always on the lookout for urban neighborhoods with upside potential,” reported The Wall Street Journal last Friday. Along with this cutting-edge wisdom, the editors included photos of three properties in locations that have begun gentrifying. (We only show the two best ones.) On the left is a 2,750-square-foot Victorian in South Boston…
“Real-estate experts are always on the lookout for urban neighborhoods with upside potential,” reported The Wall Street Journal last Friday. Along with this cutting-edge wisdom, the editors included photos of three properties in locations that have begun gentrifying. (We only show the two best ones.) On the left is a 2,750-square-foot Victorian in South Boston listed for $819,000 and on the right is a 2,550-square-foot Victorian house in the San Francisco nabe of Hayes Valley for $1.1 million.
Comment: On a per square foot basis, these places are not any cheaper than a lot of Brooklyn.
Money’s Worth [Wall Street Journal – Sub]
SF prices have gone through the roof over the past few years, check out this graph:
http://tinyurl.com/d6spo
or
http://sfgate.com/cgi-bin/object/article?m=/c/pictures/2005/04/15/mn_numbers_says_itall.jpg&f=/c/a/2005/04/15/MNG29C9D8D1.DTL
SF is more expensive than NY real estate.