If you own a home in the north part of San Francisco, what kind of year was 2010? Before I go on, district 7 in San Francisco is made up of the following neighborhoods: Presidio Heights, Pacific Heights, Cow Hollow and the Marina. These are some of the classic San Francisco neighborhoods that people think of when they think of San Francisco real estate. If you are having trouble reading the charts, click on any of them for a larger image.
In comparing values in 2010 to 2009, two D7 neighborhoods saw a decrease in median home price, and the other two saw an increase. Pacific Heights had the greatest increase in median home price followed by Cow Hollow while Presidio Heights saw the greatest decrease, followed by the Marina. It should also be noted that in these neighborhoods there are a not insignificant number of “off-market” deals that are not reported in the MLS, so their impact is not reflected in our charts and graphs below.
The least expensive D7 neighborhood in 2010 was the Marina, with a median price of $1,240,000, while the ever prestigious Presidio Heights came in as the most expensive with a median price of $2,027,500. 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), we get the exact same results with Presidio Heights leading and the Marina bringing up the rear.
What trends stand out to you?
District 7
Median Home Price, District 7
Price per Square Foot, District 7
District 7
As always, all data is from the San Francisco Multiple Listing Service (SFARMLS). These are my feelings about $/Sq.Ft. metrics and the median average.
