Most Expensive San Francisco Neighborhoods
District 7 remains the most expensive San Francisco neighborhood for single family homes. The median sales price for a single family home is $5,995,000. District 7 includes the Marina, Cow Hollow, Presidio Heights and Pacific Heights. The market value in District 7 has increased 20.2% compared to February of 2014 and inventory as decreased by 20%. Properties priced well receive multiple offers and sell for well over the asking price. In the past 6 months a single family house located in Pacific Heights sold for $2,523 per sq./ft. It was a 4656 sq./ft house listed for $9,500,000 and it sold for $11,750,000! Currently the least expensive single family house in District 7 is 32 Avila Street located in the Marina District and priced at $1,799,000 for a 1685 sq./ft home. The most expensive single family house for sale is located in Pacific Heights totaling 16,400 sq./ft and listed for $39,000,000.
Russian Hill and Nob Hill located in District 8 continue to be the most expensive San Francisco neighborhoods for condominiums and coops. The highest condominium sale in the past 6 months was a 2 bedroom, 2 bath, with 2 car parking located in Russian Hill at 999 Green St that sold for $6 million. The most expensive condo/coop on the market today is located in Russian Hill at 1750 Taylor Street listed for $10,500,000. It is a 3,318 sq./ft coop with 2 bedrooms, 3.5 bathrooms, with 1 car parking and offers breathtaking views of the bay bridge and downtown. District 8 has increased in value 23.1% compared to sales in 2014 and inventory has decreased by 37.4%.
If you are selling in San Francisco and would like to find out the value of a property please let me know. I stay updated on the San Francisco luxury real estate market trends and will provide you with a free market analysis.