San Francisco Single Family Real Estate Appreciation since 2011

The information below is provided by Paragon Real Estate Group, enjoy:

In the last 5 years, San Francisco real estate market rebounded and went crazy hot, but how much did it really appreciate? Below is a great analysis from Paragon that shows you the data using median sales price. This post is specific to houses, the next post is specific to condominiums appreciation.

Median sales price is a very general statistic, often concealing an enormous variety of values in the underlying individual sales. It can be and often is affected by other factors besides changes in fair market value, such as changes in the inventory available to purchase, and major changes in the distressed property, luxury home, or new home construction segments. Sometimes median prices fluctuate without any great significance: substantially different groups of homes (larger, smaller, older, newer, etc.) simply sold in different periods. Assessing appreciation by changes in dollar per square foot values, instead of by median sales prices, can sometimes deliver significantly different appreciation rates.

Below the charts is a table with a more comprehensive list of San Francisco neighborhoods, and at the bottom of the page is a neighborhood map.



The neighborhoods on the table below are grouped by San Francisco Realtor District, some of which contain neighborhoods of relatively similar values and some with highly variable home values.

Generally speaking, the higher the number of sales, the more reliable the statistics: We’ve usually calculated appreciation rates for neighborhoods with at least 24 sales in 2015, but these should still be considered very approximate.

An asterisk signifies a very low a number of annual sales and/or our suspicion that the appreciation calculation would not reflect market reality due to the variety of issues pertaining in the area. In 2011, median sales prices in some areas, especially in the southern border neighborhoods of the city, were badly distorted by distressed property sales (bank and short sales) that didn’t represent fair market values. If this situation applies, the 4-year appreciation rate will jump higher in that neighborhood.






As is always the case, if you have any questions about the market don’t hesitate to ask.

If you, or anyone you know, are looking to buy or sell San Francisco real estate, take a look at my track record, happy clients, and generally awesome listings and let’s get you sorted.

Fixer Facing Foreclosure: an Update (455 Vernon)

Price then for this lovely home in Merced Heights, $695,000. We were told recently they just had a “$125,000 price reduction to $600,000”, (We’re assuming that math is from an “original price”.) So there you have it, 455 Vernon is now $600,000.


We still have dibs on that truck.

Fixer Facing Foreclosure: Move Fast! [theFrontSteps]

455 Vernon [listing detail]

Fixer Facing Foreclosure: Move Fast!

It’s nice to see the tips coming in, especially the ones we know you’ll love.

This beauty at 455 Vernon in Merced Heights is definitely a fixer (we Realtors call this “deferred maintenance”), apparently facing foreclosure, and needs to be sold quickly. Go on, tell us you’re buying it. List price: $695,000.


Dibs on the truck!

455 Vernon [mls]

Holloway and Bixbee: new construction find

There’s just something about seeing naked wood in San Francisco that gets us all giddy.



Maybe it’s the prospect of something entirely new being built in the neighborhoods where we live. Or maybe it’s the fact that when we see something like this, it is clear somebody had the persistence and patience to push their dream (or development) through the city’s red tape. Either way, this home on the corner of Holloway and Bixbee in Merced Heights gives us that funny, good feeling, and it looks to be coming along quite nicely. (Guess that’s why we blog about real estate.) They even spared the white picket fence and arched trellis entrance.

What is perhaps more interesting about this single family construction…it appears to have been torn down to the ground. Not too easy to do in this city. Remind us to update you on this one when it is complete…or maybe you can update us?

Merced Heights: sfnewsletter Tour de San Francisco (real estate) [sfnewsletter]

17th & Clayton, pics of new development and some “luv” [theFrontSteps]