San Francisco Median Condo Price Appreciation
2011 to 2015, by Neighborhood
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 condo 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.
charts is a table with a more comprehensive list of San Francisco neighborhoods,
and at the bottom of the page is a neighborhood map.
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.
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. New, high-price condo projects can make sudden,
dramatic impacts on neighborhood median sales prices in the year they go on
market. In 2011, median sales prices in some areas were badly distorted by
distressed property sales (bank and short sales) that didn’t represent fair
market values. If either of these situations applies, the 4-year appreciation
rate will jump higher in that neighborhood.
We have also performed this analysis for San Francisco house
values: San Francisco House
Price Appreciation, 2011 to 2015
Our survey of the 2015 San Francisco real estate market:San Francisco
Homes Market in 2015
These analyses were performed in
good faith with data derived from sources deemed reliable, but they may contain
errors and are subject to revision. All numbers should be considered
© 2016, Paragon Real Estate Group