Local Market Updates
Median Sales Price of San Francisco vs Sherwood Forest
San Francisco’s housing market saw a decrease in median home prices by 6.7%, selling for a median price of $1.2 million. Despite this decrease, San Francisco still offered a relatively budget-friendly option compared to other neighborhoods. However, Sherwood Forest experienced an increase in home prices by 20.8% compared to the previous year, with a median price of $1.4 million. This indicates variations in affordability across different neighborhoods within San Francisco, with some areas experiencing significant price increases.
Days on Market of San Francisco vs Sherwood Forest
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 Sherwood Forest, houses tend to sell more quickly, often within just 16 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 Sherwood Forest
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.