Manufactured Homes in The Bay Area
The San Francisco Bay Area, located in Northern California, is known for its high real estate prices, making manufactured housing an increasingly popular alternative to traditional real estate. In June 2011 Coldwell Banker Real Estate published a report detailing the top 10 most expensive real estate markets in the US; the Bay Area alone accounted for three of these top 10 markets. It is mainly the value of the land that makes real estate in this area so expensive. As of May 2011, the median price of a home in Santa Clara was $498,000, while the most expensive manufactured home with all the premium features was only $249,000. This drastic price difference is due to the fact that manufactured homes are typically placed in communities where individuals do not own the land, but instead pay a monthly site fee. This enables a consumer, who could otherwise not afford to live in the Bay Area, the opportunity to own a new home in this location. There are various communities and dealers of manufactured homes in the Bay Area, the largest dealer being Alliance Manufactured Homes and the largest community being Casa de Amigos, both located in Sunnyvale, California.
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