Realtor District 7 (North) Market Home Values
The Pacific & Presidio Heights, Cow Hollow & Marina Real Estate Market
Overall District 7 Statistics: Pacific
& Presidio Heights, Cow Hollow & Marina
Active Listings on the Market
The number of listings on the market at any given time is
determined by 3 big factors: seasonality, buyer demand and the motivation of prospective
sellers to sell. In the 5-year line chart, one can see the decline in listings
available to purchase over that period.
Number of Listings Accepting Offers (Going under
This basic measure of market activity depends upon both
buyer demand and the number of listings available to purchase. The condo market
is by far the largest segment by number of sales in this district.
Median Home Sales Prices
Rolling 6-month averages
Median sales price is that price at which half the sales
occurred for more and half for less. It typically conceals a large variety of
different prices in the underlying individual sales, and can also be affected
by other factors besides changes in home values. For example, in a relatively
small house market such as District 7 (by number of sales) with such a huge range
in sales prices ($2m to $30m), median sales prices can swing dramatically in a
given period simply because of the changing basket of unique homes that sold then.
Short-term fluctuations are much less meaningful than longer-term trends.
Average Dollar per Square Foot on Sale
This statistic is based upon interior living space and
doesn’t include garages, basements, decks, patios or rooms built without
permit.Typically, square footage
figures come from appraisals or tax records, but square footage can be measured
in different ways and the figures can be unreliable. Also, a fair percentage of
listings in this district don’t even report square footage, so the statistic is
only based on those sales that do. These values should be considered very
general statistical approximations.
Percentage of Sales Sold over List Price
Large percentages of sales in which the price
is bid up above asking price usually signifies spirited buyer competition for
new listings. Before 2012, this percentage typically ran between 20% and 40% of
sales. It has climbed much higher in recent
years. This is another statistic that is affected by seasonality: Higher
percentages in spring and autumn; lower during the summer and winter holidays.
Median Percentage of Sales Price to List
Sales prices consistently well above asking prices are a
classic sign of a very hot real estate market. Because of the low number of house sales and the very high prices, this statistic fluctuates more in District 7 than other areas of the city.
Median Days on Market
Under 30 days is considered a fast moving market. Below 20
days reflects extremely high buyer demand for new listings. This figure would
be even lower except that many San Francisco agents prefer to show their
listings for 10 to 14 days before the seller even reviews offers, so as to
fully expose the home to as many prospective buyers as possible and thus
maximize the potential of a bidding war.
Months Supply of Inventory (MSI)
MSI measures how long it would take to sell the existing
inventory of listings for sale at current rates of market activity. Typically,
under 3 months of inventory is considered a seller’s market; 2 months or less
signify an extreme seller’s market.
Pacific & Presidio Heights, Cow Hollow & Marina:
Unit Sales by Price Range
House Values by Year
Condo Values by Year
Marina Only House & Condo Values
Pacific & Presidio Heights, Marina, Cow Hollow, Nob Hill, Russian Hill,
Telegraph Hill, North Beach
2-4 Unit Building Values by Year
San Francisco Luxury Home Sales
As can be clearly seen, a large number of San Francisco’s luxury home sales
occur in this district.
Statistics such as these are generalities, subject to fluctuations due to a variety of reasons (besides changes in value). Sales not reported to MLS – of which there are quite a few in San Francisco – are not included in this analysis. All numbers should be considered approximations.
All information herein is derived from sources deemed reliable, but may contain errors and omissions, and is subject to revision.
Copyright 2016 Paragon Real Estate Group