Corcoran Global Living Market Update
$11,000,000 Highest
Sales Price
$269,444 Lowest
Sales Price
$1,118,000 Median
Sales Price
623 Number
of Units Sold
39 Average
Days on Market
San Francisco Market Q2 Stats
Summer Statistics Tell an Interesting Story
San Francisco real estate continues to skyrocket with appreciation exceeding 50 percent over the last three years. However, not all types of property are created equal. Check out the chart above. Comparing July 2013 to July 2014, single-family homes (SFH) have appreciated 28.6 percent , with condos a bit behind at 12.9 percent. Since January, SFHs have appreciated 21.3 percent, while condos have appreciated only 3.8 percent. It seems the latter part of 2013 favored condos, while this year SFHs are the favorite!

Of course, San Francisco is a city of neighborhoods. They do not appreciate or depreciate at a uniform rate; and they vary in the mix of property types as well. In Noe Valley, condos have gone up 34 percent (with a median price of $1,412,500!). Take a look at the second chart. While the median price of SFHs in the Bayview is up 33.7 percent, SFHs in Central Sunset are up more than 60 percent. The median price in Pacific Heights is down 24 percent (though that area has seen many peaks and valleys over the last 12 months), while Marina condos are up 57 percent. A great example is the Inner Mission where SFHs are up 56 percent, but the condos are only up 8.4 percent.

As you can see, our city is a statistical puzzle, so it’s critical to look at both the big and small picture. While appreciation can reflect the relative interest and activity in an area, a statistic alone doesn’t reveal objective value. The 34 percent increase in the Bayview represents an increase of $157,500, while the same statistical increase in Noe Valley condos is worth $617,500. Statistics should always be viewed with a critical eye.
New App in the Hood
Zephyr has just partnered with Neighbrhds, a new app that allows users to gain instant access to community events, local businesses, top restaurants, shopping and more. We've always taken pride in providing robust information about the city, as well as spearheading the latest in technology, and this is a new, exciting step. Click here to learn more about this helpful app!
Fall Festivities Launch in Civic Center Every Friday Night
A charming Friday night out, in U.N. Plaza? Believe it! In keeping step with Mid-Market's rapid revitalization, a new Night Market launched September 5 and will run every Friday through October 10, from 4-9 p.m. Think: food trucks, beer garden and great entertainment, all in the heart of the city! Visit for details!
Eileen Bermingham
CalBRE # 01352627