Santa Cruz is now a "destination" -- where else should we look
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Anonymous
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We are Bay Area residents but our jobs are now remote. We are looking in Santa Cruz, but apparently every FAANG employee has decided they want a home near the beach too, and we are being out bid on $1M houses by $200k.
https://www.mercurynews.com/2021/03/15/bay-area-home-sales-surge-as-buyers-sense-end-of-covid/ He’s also seeing Silicon Valley workers hunting more aggressively in Santa Cruz. Tech workers have been less concerned about commutes during work-from-home routines, he said. Wang said buyers have been quickly upping bids $50,000 and $100,000 without hesitation. “There’s no rhyme, no reason behind it,” Wang said. He added, “the sad part is, not everybody can play in this market.” Given that reality, what is a hidden gem of an area that is perhaps not as trendy or popular with the FAANG crowd, but has similar access to nature and surfing? Any recommendations? Budget is $1m; we can go further south, but we have loads of family in the Valley and San Francisco so would like to have reasonable access there? |
Anonymous
| Sorry, there isn't one. |
Anonymous
Any chance things will get less crazy after pandemic? SF commercial real estate is at 20% vacancy, won't that eventually trickle down? |
Anonymous
| Coastal communities close to SV will always demand a premium price. |
Anonymous
| Monterey. Besides Carmel, you can get a home right by the beach for under $1M. |
Anonymous
| Marina |
Anonymous
| Seaside, Sand city, Carmel highlands, big sur |
Anonymous
| Montara |
Anonymous
| Holy cow, just outbid on a house listed at $1M but sold at $1.4M. Is this the new normal? |
Anonymous
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Carmel. It has permanent value.
Marina, Seaside, Sand City, Monterey are cheaper options too. |
Anonymous
| SLO is only about 3 hrs, if you don’t want the city life except that your 2 day a month office is there |
Anonymous
| I’d buy in pescadero or Carmel valley |
Anonymous
| Half Moon Bay? Weather is not as nice; buy a plot of land and build your own. |
Anonymous
Yes this. Or even further south to Pismo (and go to LA for nightlife etc which is far more cosmopolitan than the City) |