Bernal Heights, call the fire department! Your neighborhood appears to be one of San Francisco’s “hottest” neighborhoods for single family homes in 2013. This post is part of a continuing series that looks at 2013 single family home sales, and includes the The Number One Overbid for a Single Family in 2013Â as well asÂ 3 out of 4 homes sold for over asking in 2013.
I took all of the sales data for single family homes in San Francisco that were reported in the San Francisco Multiple Listing Service. I then calculated the percentage over asking the house sold for based on the original list price (not the most recent list price, in case Â there was a reduction along the way). The sales are all plotted below:
- Blue dots represent homes that sold at or near the asking price
- Orange dots represent homes that sold over the asking price by 15%
- Red dots represent homes that sold over the asking price by 30% or more
One Very Important Reminder:
- This data is for single family homes only! If you are looking at the north-east corner of San Francisco and wondering where the sales are, most of the homes in that area of town are condo/co-op/or tenancies in common. This data will be shared in another heat map to follow in the next few days.
I don’t know what stands out to you, but I’d say Bernal Heights seems to be the neighborhood that most consistently went over the asking price. The blue dots in other neighborhoods don’t mean that the overbids weren’t happening there – it just means that the overbids were a lot closer to the asking price. I may post another version that is slightly more granular – say in the 0% (at), 5%, and 10% over asking ranges.
What stands out to you about the data? Are you surprised to see so many red dots at the south end of the city? Were you expecting more (or less) in any particular neighborhood or area? I’d love to hear your thoughts in the comments below!