San Francisco Home Sales by Property Type
Recently, the city has made the transition from being a market in which house sales were the largest component to one where condos are the largest percentage of total sales--and this is accelerating. With more large new-condo developments in the works, we expect this trend to continue. Very few markets in the country are dominated by condos.
San Francisco Home Sales by Price Range
As distressed-home sales dwindle, luxury home sales soar and the market appreciates with the market recovery, there is a dramatic transition taking place: a large decline in lower-priced home sales and a large increase in higher-end sales. The under $500,000 market is disappearing and the over $1,500,000 market has been surging.
San Francisco Home Sales by District
Special Circumstance Home Sales
Multi-Unit Building Sales
Average House Size by San Francisco Neighborhood
Average sizes are often distorted by the sale of a few much-larger-than-normal houses (for the particular neighborhood), and median size is almost always significantly less than average size. But still, this gives a fair comparative look at where one finds the mansions and where one finds the bungalows.
San Francisco Luxury Home Sales
Luxury home sales jumped in 2012 and then soared much higher in 2013 and 2014. Among the positive factors affecting this market segment is a surge in new, affluent high-tech buyers eager to buy homes in the city. Luxury condos are outpacing the sale of luxury houses in San Francisco for the first time, and this trend will only continue with further new-condo construction under way.
San Francisco Home Sales by Owned Parking, Leased Parking & No Parking
The vast majority of homes sold in San Francisco come with parking, either owned, deeded or leased. Parking is a highly prized commodity in the city, and as a very rough rule of thumb, the first parking space -- owned or deeded -- adds about 10% to a property's value. Houses without parking were typically built pre-1915; if a house has "leased parking" it means parking in a (relatively) nearby location. For condos, leased parking might mean an older condo building where the parking is leased offsite or it might mean that the condo development was structured with onsite leased parking instead of onsite deeded parking.
Mortgage Interest Rates since 1971
Interest rates dramatically affect affordability and the ongoing cost of home-ownership. They hit historic lows in early 2013, and then jumped about a full percentage point -- a significant increase, but still leaving rates at very low levels when compared to the past 30 years.
Median and average statistics are generalities subject to fluctuation due to a variety of reasons (besides changes in value): how they apply to any specific property is unknown. Averages may be distorted by one or two sales substantially higher or lower than the norm, especially when sample size is small. Sales not reported to MLS – such as many new-development condo sales -- are not included in this analysis (except in the specific chart on the SF new-development condo market). All figures should be considered approximate and are derived from sources deemed reliable, but may contain errors and omissions, and not warranted. We are happy to provide or direct you to the original data upon which each chart is based.
SAN FRANCISCO REALTOR DISTRICTS
District 1: Sea Cliff, Lake Street, Richmond (Inner, Central, Outer), Jordan Park/Laurel Heights, Lone Mountain
District 2: Sunset & Parkside (Inner, Central, Outer), Golden Gate Heights
District 3: Lake Shore, Lakeside, Merced Manor, Merced Heights, Ingleside, Ingleside Heights, Oceanview
District 4: St. Francis Wood, Forest Hill, West Portal, Forest Knolls, Diamond Heights, Midtown Terrace, Miraloma Park, Sunnyside, Balboa Terrace, Ingleside Terrace, Mt. Davidson Manor, Sherwood Forest, Monterey Heights, Westwood Highlands
District 5: Noe Valley, Eureka Valley/ Dolores Heights (Castro, Liberty Hill), Cole Valley, Glen Park, Corona Heights, Clarendon Heights, Ashbury Heights, Buena Vista Park, Haight Ashbury, Duboce Triangle, Twin Peaks, Mission Dolores, Parnassus Heights
District 6: Hayes Valley, North of Panhandle (NOPA), Alamo Square, Western Addition, Anza Vista, Lower Pacific Heights
District 7: Pacific Heights, Presidio Heights, Cow Hollow, Marina
District 8: Russian Hill, Nob Hill, Telegraph Hill, North Beach, Financial District, North Waterfront, Downtown, Van Ness/ Civic Center, Tenderloin
District 9: South of Market (SoMa), South Beach, Mission Bay, Potrero Hill, Dogpatch, Bernal Heights, Inner Mission, Yerba Buena
District 10: Bayview, Bayview Heights, Excelsior, Portola, Visitacion Valley, Silver Terrace, Mission Terrace, Crocker Amazon, Outer Mission
Some Realtor districts contain neighborhoods that are relatively homogeneous in general home values, such as districts 5 and 7, and others contain neighborhoods of wildly different values, such as district 8 which includes both Russian Hill and the Tenderloin.