“Looking at 245 Bay Area ZIP codes, Zillow projects that 244 will see home values ratchet up by significant margins in 2013, with 27 ZIPs seeing double-digit appreciation…Popular San Francisco neighborhoods such as Noe Valley, the Castro, Twin Peaks, … Continue reading →
The Excelsior, Bayview, Hunter’s Point, Oceanview, Ingleside: these are some of the neighborhoods included in the San Francisco Association of Realtors’ MLS (Multiple Listing Service) Districts 3 and 10. It’s been suggested here and elsewhere that perhaps these non-“core” San Francisco neighborhoods have been pulling down San Francisco’s home prices disproportionately. The theory, plausible enough, is that these more modestly-priced neighborhoods would be feeling the effects of the economic slowdown more than the tonier “core” neighborhoods, whose denizens’ bank accounts might provide a little more padding against hard times.
I recently published a chart that compared the percentage change of Districts 3 and 10 from their all-time highs to that of the city as a whole. Some readers of theFrontSteps expressed an interest in seeing what the chart would look like if you excluded those districts from the data set for the city as a whole. (Districts 3 and 10 make up over 20% of the city’s single family home sales for the 5 year period covered by the chart.) I aim to please, so I ran the numbers again and here are the results.