The Golden Strait = Real Estate Gold Rush : San Francisco 



When we discuss hot housing markets a couple places comes to mind on a grand scale from the bottom of the U.S. MAP you have South Florida the jewel Miami (310K median price on the metro area land, 405 median prices on the beach), up further up you have what I call the Amtrak express from DC to NY with manhattan being the jewel (1.1 million median prices) in the middle is Chicago (246K median price) and to the west well put your foot down and you can touch some of the best places anywhere but the focus is LA's smarter and soon to be cooler brother San Franciso (median home price 885k).

  

Founded  in 1776 by the great Spaniards this place is the birther of 1849 Golden Rush.  At one point in time San Fran was the largest city in California due to the big implosion of Gold. Florida has hurricane's, New York has wall street, and California has earthquakes probably one of the scarier natural disasters known to man. In 1906 after its great rain as California's king, the disaster happened but it returned showing grit a decade later the host of multiple US engagements. After the devastating World War II San Fran became the ambassador to a range of different cultures and people from many different nations which grew the city to what it is currently. The build cycle began in the 1950's and 60's and with the implosion of the population came destruction and redevelopment of many areas, this was the beginning of the working body in California. Take note that even in pain San Fran still had untouchable status after the 1929 crash not a single bank in the bay area failed. During some of the most difficult moments in U.S. history California persevered building architectural giants such as the Oakland Bay Bridge and the Golen State Bridge. 

So here we are again in an another Gold Rush this happens to be driven by things that we know about the internet. So in the early 90's the inception of the internet brought about a couple of factors the new push of the PC which involved Micro technology. Computing takes into account one of the materials that we all need which is the transistor which can be made of silicon. Since San Francisco led the technology and computing spectrum here came the nickname Silicon Valley and the name has stuck and brought great luck to the emerging superpower.

So it has jobs, it has diversity, what's next high real estate prices. As you know our group at Macheene specialize in these kinds of things or at least we think we do. With that said the silicon transistor has a couple of things budding for it that will not be comprised its surrounded by water......Water and money go hand and hand 

If you want space it might be tough but its attainable for the silicon valley tycoon average price per sq foot 1000 - 1100$. The problem with ocean front property is that there is not that much land which means you will always have a supply demand issue as long as populations continue to swarm and they probably will with the new technology gold mine that has come to past.  So if you can't build out, you build up so expect the skyline to look like New York very soon. Here are some of the top areas to live in San Fran: 

Top Gold Mines: 
1. The Mission (Mix of the middle class and diversity)
2. Palo Alto 
3. Walnut Creek 
4. Orinda 
5. Noe Valley 
6. Pacific Heights 
7. Mission Bay (growing) 
8. Tiburon 
9. San Carlos 
10. Mountain View 



 
   

   



 





  



  



  


2055n 35th Ave San Francisco, CA 94116 
$1.395 million