San Francisco’s most expensive neighborhood? In 2010, Pacific Heights beat out Sea Cliff by a long shot with a median price home costing a cool $3.5 million. (And after witnessing the tsunami in Japan, people may be willing to pay even more for commanding the heights.) Continue reading “Price-Shopping San Francisco’s Neighborhoods”
The median price of a single family home in Noe Valley in 2010 was $1,221,500. The median price of a condo or TIC was substantially less, at $768,000. Total sales for the year were 233 units, divided evenly between homes and condos/TICs. Continue reading “Noe Valley Sales Distribution Returns to Normal in 2010”
After nearly two years of sharp declines, Noe Valley single family home prices recovered smartly in 2010. Not enough, however, for anyone to claim that Noe Valley is somehow immune from market forces affecting the rest of San Francisco. As of December 2010, Noe Valley home prices were still down 20% from their all-time highs, almost exactly the same as prices for homes city-wide.
Here’s the chart (double click): Continue reading “Noe Valley Back Smartly in 2010”
In my last post, I included a chart that showed both single family homes and condos stuck in relatively narrow price ranges over the last 18 months or so. At the end of 2010 the median price of a single family home ($744,000) was about $80,000 more than that for a condo/TIC.
But that doesn’t tell us anything about “value.” Now, let me count the ways we could argue about what “value” means, but I think we’d agree that how each property type has weathered the market battering over the last few years has to be relevant. Take a look at this table: Continue reading “What’s A Better Value in San Francisco, A Condo or a Home? (Part 2)”
Real estate lore holds that if the market for single-family homes is doing badly, the condominium market will be doing worse. But what about San Francisco, which is the textbook case of a supply-constrained market with high barriers to entry?
Continue reading “What’s a Better Value in San Francisco, A Condo or a Home? (Part 1)”
