Local Market Updates
Median Sales Price of San Francisco vs Financial District/ Barbary Coast
In 2023, San Francisco’s housing market experienced a 6.7% decline in median home prices compared to the previous year, with properties selling for a median price of $1.2 million. Conversely, the Barbary Coast offered a more affordable alternative, with a median home sale price of $1.19 million last month, reflecting a notable 21.0% decrease since the previous year. Additionally, the median sale price per square foot on the Barbary Coast stands at $875, marking an 11.8% decrease from the previous year. These figures underscore the Barbary Coast’s position as a budget-friendly option compared to the higher prices and demand in San Francisco’s housing market.
Days on Market of San Francisco vs Financial District/ Barbary Coast
In San Francisco, homes typically sell within an average of 52 days, reflecting the dynamic nature of the city’s real estate market. In contrast, properties in the Financial District/Barbary Coast area tend to spend slightly longer on the market, with an average selling period of 54 days. These differences underscore the influence of both market conditions and neighborhood dynamics on the duration properties remain available before finding buyers.
Percent of Original Price of San Francisco vs Financial District/ Barbary Coast
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.