Local Market Updates
Median Sales Price of San Francisco vs Forest Hill Extension
In light of market conditions, space constraints, and demand, the housing market experiences fluctuations. However, Forest Hill Extension stands out as a more affordable alternative compared to the broader San Francisco area, offering median sales prices that are comparatively fair and budget-friendly. A comparison of median sales prices between San Francisco and Forest Hill Extension underscores this difference, with San Francisco commanding higher prices due to its heightened demand.
Days on Market of San Francisco vs Forest Hill Extension
The average number of days a house remains on the market is influenced by various factors, including market conditions and neighborhood characteristics, which can result in longer or shorter selling periods.
In the context of San Francisco, homes typically sell within 52 days, whereas houses in Forest Hill Extension boast a shorter average selling period of 15 days. These differences may be attributed to factors such as demand, pricing, location, and overall desirability of the neighborhood, all of which contribute to the pace of home sales in each respective area.
Percent of Original Price of San Francisco vs Forest Hill Extension
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.