If you own a home in the central part of San Francisco, what kind of year was 2010? Before I go on, district 5 in San Francisco is made up of the following neighborhoods: Clarendon Heights, Buena Vista/Ashbury Heights, Cole Valley/Parnassus Heights, Noe Valley, Eureka Valley/Dolores Heights, Glen Park, Duboce Triangle, Corona Heights, Haight Ashbury, Mission Dolores, and Twin Peaks. These neighborhoods all have a mix of property types (except Clarendon Heights, which is almost all detached single family homes), including single family homes, condos in larger and smaller complexes, and TICs in a variety of building sizes. 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 two D5 neighborhoods saw a decrease in median home price, with the rest either being flat or much higher. Both Clarendon Heights and Corona Heights turned in negative performances on median home price, although Corona Heights was up on a price per square foot basis.
The least expensive D5 neighborhood was Twin Peaks, with a median price of $622,000, while its neighbor Clarendon Heights came in as the most expensive with a median price of $1,556,250. 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 Buena Vista/Ashbury Heights as the most expensive at $1,165 per square foot and the Haight Ashbury as the least expensive at $559 per square foot.
What trends stand out to you?
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.
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