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BART Map Reveals San Francisco Real Estate Prices; Pittsburgh Point Stop Area Lowest Priced

Posted by Staff Reporter on Apr 06, 2016 09:17 AM EDT
BART Strike Hampers Bay Area Monday Morning Commute more big
A memorial honoring two Bay Area Rapid Transit (BART) workers who were struck and killed by a BART train over the weekend while servicing tracks near the Walnut Creek is seen at the West Oakland BART station on October 21, 2013 in Oakland, California. BART workers continue to strike after contract negotiations between BART management and the transit agency's two largest unions fell apart last week. Management and unions agreed on the financial specifics of the contract but differed on workplace safety rules. An estimated 400,000 commuters ride BART each day. (Photo : Getty Images/Justin Sullivan)

The BART map had recently revealed that some San Francisco neighborhood rates for the industry exceeded $1,000 per square foot. Properties within a mile radius of the Embarcadero, Montgomery Street in the Bay Area Rapid Transit system, on the other hand, were listed above that figure.

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The map data took into account the sale values of homes over the last six months. Near the Civic Center station, the per-square-foot average cost was just $6 below that figure. Near M Glen Park, home values topped $800 per square foot.

The BART map also revealed that San Francisco selling prices had broadly skyrocketed and cemented a place among the most costly places to own a property in the country. According to the data, the average sale price in San Francisco for January 2012 was $620,000. It had climbed to almost $1 million which was up 60 percent. In the past year alone, home prices in San Francisco had jumped over 11 percent.

Experts said that the jump in prices was due to tech money flowing into the Bay Area and the limited inventory of real estate, particularly in the city proper, according to a feature from Market Watch

Moving to Silicon Valley, on the other hand, had been the dream of every entrepreneur who believed they could become the next Mark Zuckerberg. The area though was getting crowded and housing was scarce. The antidote had been taking the Bay Area Regional Transit system that linked the region along the Peninsula. Individuals purchased places within walking distance of BART and traveled to the city.

The BART map data revealed that it was no secret that the Bay Area home values were among the highest in the country. The best bet for the Bay Area was living near the Pittsburgh Point stop. With an average cost per square foot of $219, it was the lowest-priced in the region, according to a feature from Venture Beat.

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