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In Your Neighborhood – San Francisco

2016 was a year of moderate growth for the San Francisco Real Estate Market. The overall median sale price for 2016 came to $1.2 million, an increase of 4%. It took about one week longer to sell a property in 2016, compared to the previous year. The overall number of units sold was 4% lower, and yearly sales volume came to $7.2B, a slight decrease of 2%.

Nationally, the labor market ended the year with an impressive unemployment rate of 4.7%, below the 5% natural rate of employment. Average wages for private-sector workers increased by 2.9% in December, the fastest annual pace since 2009. Mortgage rates have seen greater movement since the Fed’s December rate hike. The 30-year fixed rate mortgage ended the year at 4.2%, up from 3.96% a year earlier. It is widely anticipated that the Fed will continue to raise rates in 2017.

Condo/TIC
$1,035,000
-2% year-over-year
+4% ten-year average

Single Family
$1,245,000
+7% year-over-year
+6% ten-year average

 

Click for SAN FRANCISCO HEADLINES

Median Data below as of January, 2017

NeighborhoodCondo/TIC $Condo/TIC $/SqFt%Over/Under List Price
Alamo Square/NOPA$1,200,000
$964+7
Bayview/Hunters Point$715,000$6430
Bernal Heights/Glen Park$999,000$853+7
Buena Vista/Corona Heights$1,267,890$1,014+9
Castro/Duboce Triangle$1,295,000$1,071+9
Cole Valley/Haight-Ashbury$1,306,243$941+7
Diamond Heights$659000$812+2
Dogpatch$1,080,000$883+1
Excelsior/Portola$672,500$5020
Hayes Valley$1,180,000$1,164+1
Lower Pac/Laurel Heights$950,000$1,0820
Marina/Cow Hollow$1,400,000$1,1160
Mission$962,000$967+5
Mission Dolores$1,195,000$1,017+9
Mission Bay$1,199,500$1,0590
Nob Hill$1,200,000$1,1310
Noe Valley$1,312,000$1,066+9
North Beach/Fisherman’s$975,000$1,047+2
Pacific/Presidio Heights$1,270,000$997+4
Potrero Hill$1,058,000 $1,040+4
Richmond$997,500$808+6
Russian Hill$1,300,000$1,157+1
SOMA$880,000$9160
South Beach/Yerba Buena$1,114,000 $1,1640
Sunset$990,000$8176
Telegraph Hill$1,017,500$1,1135

NeighborhoodSingle Family /TIC $Single Fam /TIC $SqFt% Over/Under List Price
Alamo Square/NOPA$1,650,000$1,068+10
Bayview/Hunters Point$756,000$561+7
Bernal Heights/Glen Park$1,400,000$978+12
Buena Vista/Corona Heights$1,125,000$1,071+5
Castro/Duboce Triangle$2,217,500$1,105+6
Cole Valley/Haight-Ashbury$2,845,000$919+4
Diamond Heights$1,840,000$777+4
Dogpatch$1,475,000$1,1180
Excelsior/Portola$890,000$679+10
Hayes Valley$2,450,000$973+3
Lower Pac/Laurel Heights$3,100,000$1,186-1
Marina/Cow Hollow$3,150,000$1,317-2
Mission$2,200,000$1,028+8
Mission Dolores$2,200,000$931+10
Mission Bay$- $-
Nob Hill$3,695,000$1,350-3
Noe Valley$2,200,000$1,144+4
North Beach/Fisherman's$-$-
Pacific/Presidio Heights$6,097,000 $1,4930
Potrero Hill$1,550,000$1,130+4
Richmond$1,580,000 $820+9
Russian Hill$3,041,000$1,281+3
SOMA$1,825,000$765-1
South Beach/Yerba Buena$-$-
Sunset$1,250,000 $819+17
Telegraph Hill$-$-