Paragon Real Estate, my company, recently did an overview of market statistics and trends in what’s known as central Realtor 5, or District 5. This district comprises (get ready for a long list) Noe Valley, the Castro, Eureka Valley, the Haight, Ashbury Heights, Mission Dolores, Cole Valley, Clarendon Heights, Parnassus Heights, Corona Heights, Glen Park, Twin Peaks and the Duboce Triangle. This district saw a major increase in value between 1996 and 2008 and was one of the last to peak in value before the recession hit in September 2008.
But with an influx of high-tech buyers, activity here has picked up noticeably. For the past two years, the median home price here has ranged between $1.2 million and $1.35 million, with condos going for between $750,000 and $825,000. Home sales here in the second quarter were just a bit above where they were in the second quarter of 2010, but it’s important to remember that that’s without the benefit of double homebuyer tax credits boosting sales. In addition, inventory is far below what it was in 2010.
In other words, this is a market that’s heating up.
Interested in buying or selling in District 5? I’d be happy to talk to you about the possibilities. Give me a call or shoot me and email, and let’s explore how we can work together.
Dreaming of San Francisco? Cece Blase offers local advice to San Francisco buyers, sellers and owners– and feeds the dreams of those who wish they could live in Tony Bennett’s ‘City by the Bay.’ Call or email at 415-577-0809 or email at email@example.com. www.ceceblase.com