Local Market Updates
Median Sales Price of San Francisco vs Cole Valley/Parnassus Heights
Comparing the median sales prices between San Francisco and Cole Valley reveals that while San Francisco’s housing market experienced a decrease of 6.7% in 2023 compared to the previous year, selling for a median price of $1.2M, Cole Valley saw a notable increase of 12.3% in home prices during the same period, with properties selling for a median price of $1.6M. Despite the fluctuating market conditions and limited space in both areas, Cole Valley offers a comparatively more affordable alternative to San Francisco, providing a budget-friendly option for homebuyers seeking desirable living spaces in the Bay Area.
Days on Market of San Francisco vs Cole Valley/Parnassus Heights
When comparing the average days houses remain on the market between San Francisco and Cole Valley, it’s evident that properties in Cole Valley sell at a much faster pace. In San Francisco, homes typically sell within 52 days, whereas in Cole Valley, houses sell within just 23 days. This significant difference suggests that the housing market in Cole Valley experiences shorter selling periods, likely influenced by factors such as high demand and favorable market conditions in the neighborhood.
Percent of Original Price of San Francisco vs Cole Valley/Parnassus Heights
The “Percent of Original Price” is a metric calculated by dividing the final sale price of a property by its most recent listing price.
In general, factors such as high demand, limited housing supply, and the desirability of a neighborhood can influence whether properties sell below or above their most recent listing listing price.