Bay Area Home Price Report

Bay Area Real Estate Values

Bay Area Luxury Home Sales

San Francisco Home Prices by Neighborhood

August 2014 Report by Paragon Real Estate Group

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Bay Area Home Prices – Mapped

Our updated map of comparative house values around the Bay Area: The trend virtually everywhere around the Bay has been continued appreciation since the recovery began in earnest in early 2012. Please note that median sales prices and average dollar per square foot values are statistical generalities that may fluctuate for a number of reasons.

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Bay Area Luxury Home Sales

Luxury home sales have soared all around the Bay Area, but are concentrated most in the 3 counties most affected by the high-tech wealth boom – Santa Clara, San Mateo and San Francisco – as well as Marin, which has been a very wealthy county for a long time. In San Francisco, condos and co-ops make up a significant percentage of high-end sales (and generally achieve the highest dollar per square foot values), but in other counties, the luxury segment is comprised almost exclusively of houses, estates and, in the wine country, ranch/vineyard estates.

As a point of context, Santa Clara is the most populous Bay Area county with about 1,875,000 residents; then come Alameda (1.58m), Contra Costa (1.1m), San Francisco (835,000 residents, about 60% of whom are renters), San Mateo (750k), Sonoma (500k), Marin (260k) and Napa (140k). As a percentage of total sales, homes selling for $2,000,000 and above make up about 13% of Marin’s market, 11% of San Francisco’s, 10% of San Mateo’s, 7% of Santa Clara’s, 5% of Napa’s, and under 2% in Sonoma, Contra Costa and Alameda Counties. Solano had no home sales over $2m reported to MLS during this period.

Of course, $2,000,000 will buy you a lot more in some counties and neighborhoods than in others. The devil’s always in the details – and this is only a broad brush overview.

Bay-Area_Lux-Home-Sales_by-County

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San Francisco Home Prices by Neighborhood

Below are 2 of 8 updated tables breaking down the city’s 2014 YTD sales by neighborhood, property type, bedroom count, median and average sales prices, and average dollar per square foot value. Each table is in order of median sales price.

All 8 tables can be found online here: San Francisco Home Values.

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