If you own a home in the central-west part of San Francisco, what kind of year was 2010? Before I go on,Â district 4 in San Francisco is made up of the following neighborhoods: St. Francis Wood,Â Monterey Heights,Â Forest Hill,Â Balboa Terrace,Â West Portal,Â Ingleside Terrace,Â Mt. Davidson Manor,Â Forest Hill Extension,Â Sherwood Forest,Â Westwood Highlands,Â Westwood Park,Â Forest Knolls,Â Midtown Terrace,Â Miraloma Park,Â Sunnyside,Â Diamond Heights. With the exception of Diamond Heights which has a large stock of condominiums, Â all of these neighborhoods consist primarily of single family homes although the style and average size varies substantially from one ‘hood to the next. If you are having trouble reading the charts, click on any of them for a larger image.
In comparing values in 2010 to 2009, 7 D4 neighborhoods saw an increase in median home price, while 9 saw a decrease. Destination D4 ‘hoods like St. Francis Wood, Forest Hill, and West Portal all turned in solid performances while Ingleside Terrace and Sherwood Forest brought up the rear of the list.
The least expensive D4 neighborhood was Diamond Heights, with a median price of $520,000 which makes sense given that DH is the only neighborhood with a large mix of condominiums. St. Francis Wood came in as the most expensive with a median price of $1,909,000. If we try and attempt to adjust for difference in average size by neighborhood and look at price per square foot (which has other issues, as I’ve discussed), then we see the exact same results, with St. Francis Wood being the most expensive and Diamond Heights being the least expensive on a price per square foot basis.
What trends stand out to you?