Local Market Updates
Median Sales Price of San Francisco vs Mount Davidson Manor
San Francisco’s housing market experienced a decrease in median home prices by 6.7%, with homes selling for a median price of $1.2 million. Despite this decrease, San Francisco still offered a relatively affordable option compared to other neighborhoods. However, Mount Davidson Manor stood out with a significant increase in median home prices, up by 62.5% compared to the previous year, selling for a median price of $2.7 million. This highlights the variation in affordability across different neighborhoods within San Francisco, with Mount Davidson Manor reflecting a higher-end market segment.
Days on Market of San Francisco vs Mount Davidson Manor
The average number of days a house remains on the market can be influenced by several factors, including market conditions and the characteristics of the neighborhood. In San Francisco, homes typically sell within 52 days, whereas in Mount Davidson Manor, houses tend to sell more quickly, often within just 17 days. This discrepancy may be attributed to factors such as demand, pricing, amenities, and overall desirability of the neighborhood, all of which can vary significantly between different areas within the city.
Percent of Original Price of San Francisco vs Mount Davidson Manor
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.