Local Market Updates
Median Sales Price of San Francisco vs Twin Peaks
Comparing the median sales prices between San Francisco and Twin Peaks reveals that while San Francisco’s housing market tends to command higher prices due to its high demand, Twin Peaks offers a more affordable alternative with fair median sales prices, providing a budget-friendly option for homebuyers. For instance, in 2023, the median sales price of a home in San Francisco was $1.2 million, reflecting a 6.7% decrease from the previous year. In contrast, the median sale price of a home in Twin Peaks was $1.69 million last month, indicating a slight decrease of 0.59% since the previous year. Additionally, the median sale price per square foot in Twin Peaks stands at $894, down 2.5% since last year. This data suggests that while San Francisco’s housing market experienced a decline in prices, Twin Peaks remains relatively stable and offers a more affordable housing option compared to the city as a whole.
Days on Market of San Francisco vs Twin Peaks
When comparing the average days houses remain on the market between San Francisco and Twin Peaks, it’s apparent that homes in Twin Peaks sell significantly faster. In San Francisco, houses typically sell within 52 days, whereas in Twin Peaks, houses sell within a notably shorter timeframe of just 13 days. This stark contrast suggests that properties in Twin Peaks experience higher demand or more favorable market conditions, leading to expedited selling periods compared to the broader San Francisco housing market.
Percent of Original Price of San Francisco vs Twin Peaks
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.