Depends, are you looking for a crappy 1/1 condo breathing freeway exhaust or a 3000 sf one story with ocean views and breeze?
Freeway breathers can be had for the $400-$500/sf range.
Freeway free non ocean viewers in the $500-$700/sf range but should be looking TV flipper finished.
And ocean viewers, and up.
Or probably more accurately, SFR freeway breathers are $1M-$1.2m.
not quite freeway breathers are $1.2-$1.5M
not quite all that ocean view, $1.5m-$2.0m
and more preferable, $2M+
The lower end may have a tile bathroom or brass like finish on a tub shower, but otherwise, they all are looking TV finished.
That’s just my take from a quickie look and sort on the last 90 days of sold on Redfin. Maybe an RA that works the area will weigh in.
Overall I’ve quit looking at the appreciation rate and just worry about what the market is at. What sold in 2010 and resells now is not the same house, even when its the same house.
Same is true for the 90s to now. Or even bubble boom. I remember looking at $1.3 million dollar homes where the kid room doors had gerbil chew marks on them. That not what’s selling now.
