Below are 3 mapped home-value analyses: 2 of recent San Francisco house and condo sales by median sales price and average dollar per square foot, broken out by neighborhood; and 1 of median house prices by city for the greater Bay Area. These maps give an interesting overview of comparative home values in the different areas of the city and Bay Area.
We update these maps every 3 to 6 months so that there is enough home sales data per specific neighborhood or city to generate meaningful statistics -- but even then they are all generalities, which often fluctuate for other reasons besides changes in value and should be considered approximate.
If you adjust your screen view to a 125% zoom, the maps will be that much easier to read. On Windows systems, pressing the Control and + keys simultaneously should do this quickly. On the maps below, k signifies thousands of dollars; m signifies millions; $/sf means average dollar per square foot; and N/A means there wasn't enough data to generate a reliable number.
San Francisco House Values by Neighborhood
Updated September 30, 2013
Median prices almost always conceal large disparities in the prices of the underlying individual sales – this is particularly true for larger cities: in San Francisco for example, median house prices by neighborhood range from $465,000 to $4,000,000, and there will be similar disparities in Oakland and San Jose. But median prices can be valuable to show general appreciation trends (which we show in other reports), and to some degree, to compare home values between different areas. 2012 - mid 2013 was a period of rapid price appreciation virtually everywhere on this map.
San Francisco Condominium Values by Neighborhood
Updated September 30, 2013
Home Values Around the San Francisco Bay Area
Updated October 21, 2013
What Sells Where in San Francisco
Median price is that price at which half the sales occurred for more and half for less -- the single median price for an area almost always disguises an enormous variety of sales prices in the underlying, individual home sales (especially in the larger cities). Median sales price may be and often is affected by other factors besides changes in value, such as seasonality; changes in financing conditions, buying patterns and available inventory; and significant changes in the distressed and luxury home segments.
Square footage is based on “livable space”, which may be measured in different ways, but should not include decks, patios, yards, garages, unfinished basements and attics, or rooms built without permit (“bonus rooms” and “in-law apartments”). Square footage figures are often unreported or measured in different ways or simply unreliable. Generally speaking, the percentage of home sales that report square footage runs 60% to 80%, and the dollar per square foot statistic is calculated on these sales only. Dollar per square foot statistics can be affected by other factors besides changes in value, such as average home size: all things being equal, a smaller home will have a higher dollar per square foot value than a larger home. All median and average statistics are based on that relatively unique basket of homes that sell within the designated period and should be considered general approximations. It is unknown how they apply to any particular property without completing a specific comparative market analysis.
All data from sources deemed reliable but may contain errors and is subject to revision.
2013 Copyright Paragon Real Estate Group