If you own a home in the north-central part of San Francisco, what kind of year was 2010? Before I go on,Â district 6 in San Francisco is made up of the following neighborhoods: North Panhandle, Alamo Square, Anza Vista, Hayes Valley, Lower Pacific Heights and Western Addition. These neighborhoods are each fairly distinct from each other in terms of housing stock, so what happens in one of these subdistricts isn’t very indicative of any other. If you are having trouble reading the charts, click on any of them for a larger image.
In comparing values in 2010 to 2009, only 1 D6 neighborhood saw a decrease in median home price, and surprisingly enough that was Hayes Valley. Â All of the other neighborhoods were up, with Anza Vista turning in the strongest performance with a 19% increase in median sale price year over year.
The least expensive D6 neighborhood was Western Addition, with a median price of $549,000, while the currently buzzworthy North Panhandle came in as the most expensive with a median price of $842,000 (contrary to a 7×7 report…). If we try and attempt to adjust for difference in average size by neighborhood and look at price per square foot (which has other issues, as I’ve discussed), then we see Hayes Valley as the most expensive at $728 per square foot and Alamo Square as the least expensive at $418 per square foot. Before you flip out, it should also be noted that Alamo Square had the largest median home size, at 1,950 square feet, almost double the smallest of 1,030 in Hayes Valley. As square footage goes up, price per square foot tends to decrease, hence the low price per square foot in Alamo Square.
What trends stand out to you?