San Francisco real estate is now more expensive than Manhattan

By Lucy Cohen Blatter | August 10, 2015 - 3:59PM

Now you can officially feel better (and somewhat smug) about your decision to stay on the East Coast while your friends moved out West. San Francisco's median home price tops Manhattan's by $230,000, Curbed San Francisco reports.

The data is based on a Property Shark report for the second quarter of 2015, which found the median home price in the City By the Bay to be a record-breaking $1.185 million, representing a 20 percent increase over the fourth quarter of 2014.

Curbed previously reported that San Francisco one-bedroom rentals are now officially more expensive than Manhattan's.

But numbers like this can be deceiving when you consider what you actually get for the same price tag. So can you get much more bang for your buck out there?  Take a look for yourself below -- here are two Manhattan homes and two SF  homes you can snag for just around the SF median price of $1.185 million:

A 1,000-square-foot ground-floor two-bedroom, two-bath co-op in the East Village with its own 550 square foot garden. Asking price: $1.185 million

This 1,700-square-foot three-floor three-bedroom, 1.25-bath house (!) is located in the Central Richmond District. Asking price: $1.189 million.

A one-bedroom, one-bath co-op on Fifth Avenue in Lenox Hill in building with a concierge, doorman, elevator man and gym. Asking price: $1.19 million.

This 1,500-square-foot four-bedroom, three-bath house is a few blocks from the beach. Plus it's got a backyard with fruit trees. Asking price: $1.89 million


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