A buyer recently asked me, “What Oakland neighborhoods are up and coming, but still a bargain?”
Answer:
Although competitive at this time in the market, you can find some great bargains in the following areas of Oakland. Keep in mind, these are “up and coming” areas and therefore might not be right for you depending on your tolerance level for edginess.
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1.Communities that Border Temescal
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•The “New Gourmet Ghetto”: This area is block by block. If you are going to look to buy in this area, I would suggest talking to neighbors to find out more about the street.
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•Santa Fe: Check out 5215 Genoa. This listing currently has 10+ offers. It is a GREAT home with good bones listed at $230k
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2.North Oakland/Berkeley Border (around Bushrod Park): I sold a house to a couple on 60th between Shattuck and Telegraph. That block has a great, strong community. In fact, they hold block parties… I’m going to check one out in a few weeks!
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3.Glenview (try the outskirts for more affordability): I find this area is underrated for walkability as it has access to AC transit and there are many great new restaurants popping up! That's a good sign in light of the downward economy.
I believe communities offering walkability (www.WalkScore.com) and transportation (www.BART.org and www.actransit.org) are and will continue to be the hottest and most up and coming over say, Maxwell Park. Granted, this is my personal opinion as everyone has their own definition of “up and coming”. The demographics of my buyers are 20-30's and also baby boomers looking to downsize.
Coming soon, cool up and coming East Bay neighborhood links….
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