Report: $400,000 buys little square footage in Bay Area
With home prices reaching an all-time high of $405,000 in the United States, a new report by Point2 looks at how much square footage $400,000 buys in the nation’s 100 largest cities.
Among the data for the Bay Area and California:
- Five cities in California offer buyers more than 1,000 square feet of living space for $400,000: Bakersfield and Fresno lead the way, with 1,860 square feet and 1,747, respectively
- San Francisco and Fremont provide the least space for the new median, between 400 and 494 square feet
- Nationwide, San Francisco comes second, following only Manhattan which offers the least space at 267 square feet
- Buyers can get twice as much home for $400,000 in Riverside or in Sacramento than in San Jose, where the median price per square foot is close to $800.
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