Local Market Updates
Median Sales Price of San Francisco vs Visitacion Valley
Despite the fluctuating nature of the housing market driven by factors such as limited space and demand, Visitacion Valley offers a more affordable alternative compared to San Francisco, with its median sales prices providing a budget-friendly option. When comparing the median sales price between San Francisco and Visitacion Valley, it’s evident that the former commands higher prices due to its high demand. In 2023, San Francisco saw a 6.7% decrease in home prices compared to the previous year, selling for a median price of $1.2M. Conversely, in February 2024, Visitacion Valley experienced a 4.0% increase in home prices compared to the previous year, with a median price of $917K, further highlighting its affordability relative to the city as a whole.
Days on Market of San Francisco vs Visitacion Valley
In San Francisco, homes typically sell within 52 days, whereas in Visitacion Valley, houses tend to sell within a shorter time frame of just 28 days. These variations in selling periods can be attributed to factors such as market conditions and specific neighborhood dynamics, which influence the demand and supply dynamics of the housing market.
Percent of Original Price of San Francisco vs Visitacion Valley
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.