NWR: Anyone familiar with Oakland,CA?

So my company opened an office in Oakland, CA....and I was wondering (cause you never know) what real estate prices were like there?  Buying a house in NJ is EXPENSIVE. 


I know there are good and bad areas of Oakland, but could you get a decent house in a decent neighborhood for like 250K?  Or is that not in the realm of possibility??

Posted on January 13, 2009 at 2:33 pm
prbetsi75
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(16) Comments

Yosemitebride
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Not in the realm of possibility, sorry. You can't get a house for that in a good area of Oakland (which are rare).

Posted on January 13, 2009 at 2:35 pm
jackieg
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my uncle lives very near, in a house in San Leandro....his last appraisal, a few yrs ago was $850K....for i'd say a moderate/small sized 2 br 2 ba home with yard and single car garage....now, mind you, it's probably not quite worth that now...but you get the jist...

Posted on January 13, 2009 at 2:35 pm
genae
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no way!!!!

Posted on January 13, 2009 at 2:35 pm
genae
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my mother has a 3 bedroom in the bay area 800k

Posted on January 13, 2009 at 2:36 pm
prbetsi75
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ok, thanks for the reality check!  hahahaha  there goes that idea!

Posted on January 13, 2009 at 2:36 pm
prbetsi75
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prbetsi75

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I did a quick search online and saw some decent looking houses in that price range...so I thought that maybe it was possible...but I don't know the neighborhood.

Posted on January 13, 2009 at 2:37 pm
jackieg
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i don't think those would be good neighborhoods, i can't even imagine you could find a 1br condo for that....you'd need bars on the windows fo sho!

Posted on January 13, 2009 at 2:39 pm
jamiesue
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ditto jackie ... homes in the bay area are VERY expensive.  i think you're looking at spending at least $450K to $500K for a condo here. 

Posted on January 13, 2009 at 2:44 pm
Yosemitebride
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There are some extremely bad neighborhoods in Oakland, I'm talking shootings and gang activity. Be careful.

Posted on January 13, 2009 at 2:47 pm
melyssa26
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Yeah housing in the bay area is very expensive.  We are looking at condo's in Hayward/Dublin area and they are $400K and up.  There are only certain area's in Oakland that are nice so definitely ask around before you pick a spot to move there.  Piedmont is one of the nicer area's in Oakland. 

Posted on January 13, 2009 at 3:38 pm
Jaryce21
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hmmmm, definitely doable. You just have to shop, shop, shop around. My family is in the business and have been quite surprised by the sells. My suggestion is to keep a look out for foreclosed houses. But it all depends on your likings. IE: how many bedrooms, baths, lot size ect. 


Ramon and I are looking for condos in Alameda and we're being quoted high 300's low 400's. errrrrrr. 


Nice areas: Peidmont, Rockridge, oakland hills - but those areas tend to be really high.


Better luck with downtown oakland. I know of this one building (orchid condos) just finished construction and it plummeted due to the market. A few years they were selling for high 400's and now they are auctioning them off. Try to keep a look out for those types of deals.


 

Posted on January 13, 2009 at 4:25 pm
d1rtymart1n1
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IF you wanna work in oak-town and want to spend 250K on a house you'd have to live at least 40 miles east in cities called Tracy, Stockton, Lodi, Manteca, Mountain House, Patterson... 40 miles may not sound bad - but in peak traffic you're lookin at 2 hours.

If I remember correctly, the newer homes start at 280K range???
Posted on January 13, 2009 at 4:45 pm
pinkgerbers
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The condo next door to us in San Jose just sold for $360.  It was $400 six months ago.  It is helpful that prices went down, but not great.  It is adjoined on two sides, 1000 ft2, with an 8x8 backyard.  It's the most frustrating part about living out here for sure!  My husband and I both work full time (9 years into our jobs); I have my masters and he has his bachelors, and work 1.5 additional part times jobs each.  We are still at least two years away from being able to afford the townhouse we are renting.  So annoying!!

Posted on January 13, 2009 at 4:52 pm
DesertRain
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Ask if your company can locate to Las Vegas. The market is incredible for buyers right now. For $250K you can get a newer (<4 yrs), 3800 sq ft, 5 bd, 3 car garage home, in a good neighborhood. LOL.


Ask if your company photo 198801-1


There are so many of these right now...hehe, just had to share because DH & I are house hunting right now ;P

Posted on January 13, 2009 at 5:01 pm
d1rtymart1n1
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Bets!!! Move - we'll be like 30 minutes from each other if you move to oakland :-)
Posted on January 13, 2009 at 5:07 pm
blackteddybear
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blackteddybear

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blackteddybear

its doable but only in neighborhoods where it doesn't look very safe. I've seen 2-3 bd homes for 190-250k in Oakland as well as San Leandro. I've done loans for customers and seen appraisals for their homes but by looking at the photos of those homes, let's just say they're not in a very desireable location.

Posted on January 13, 2009 at 5:27 pm

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