It's not news that increased capital flowing into the San Francisco Bay Area has made the area's housing market absurdly competitive. But it's still shocking to see the already high numbers get even higher—and so quickly. Case in point: Zillow recently released a study stating that, by June 2019, a whopping nine cities in the Bay Area will likely have median home values of more than $1 million. In fact, four of the five most expensive cities featured on the list are in the Bay Area: Burbank (a small town close to San Jose), Morgan Hill, East Palo Alto, and Broadmoor Village. Each of these cities already has a high median home value as of June 2018—ranging from $984,300 to $999,500—but are expected to hit at least $1.1 million, on average, next summer.
from Apartment Therapy | Saving the world, one room at a time https://ift.tt/2wouMJ0
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