Local Market Updates
Median Sales Price of San Francisco vs Cow Hollow
In 2023, San Francisco experienced a 6.7% decrease in home prices compared to 2022, with a median sales price of $1.2 million, reflecting its high demand and fluctuating market conditions. In contrast, Cow Hollow saw a 2.1% increase in home prices from the previous year. It offered a more budget-friendly alternative with a median sales price of $2.6 million, making it a comparatively affordable option within the region.
Days on Market of San Francisco vs Cow Hollow
In San Francisco, homes typically sell faster, with an average of 52 days on the market, reflecting the strong demand and competitive nature of the city’s housing market. Conversely, in Cow Hollow, houses tend to remain on the market for a more extended period, with an average selling time of 91 days, potentially influenced by factors such as neighborhood dynamics and market conditions.
Percent of Original Price of San Francisco vs Cow Hollow
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.