San Francisco Neighborhood Home Price Trends
Median Sales Price
is the price at which half the properties sold for more and half for less. It may be affected by economic events, by changes in inventory and buying trends - especially in the new construction and luxury home segments - as well as by changes in fair market value. The median sales price for an area will often conceal an enormous variety of sales prices in the underlying individual sales.
Dollar per Square Foot
is based upon the home's interior living space and does not include garages, unfinished attics, and basements, rooms built without a permit, patios, decks, or yards (though all those can add value to a home). These figures are usually derived from appraisals or tax records but can be measured in different ways, are sometimes unreliable (especially for older homes), or unreported altogether. The calculation can only be made on those home sales that reported square footage. Generally speaking, all things being equal, a larger home will sell at a lower dollar per square foot value.
Typically, the fewer the sales, the less reliable the statistic. This is especially true of areas with sales across a very wide range of individual sales prices, such as is often the case in the most expensive market segments. Statistics in these areas can sometimes fluctuate dramatically without great significance. Longer-term trends are more meaningful than short-term fluctuations.
How these statistics apply to the fair market value of any particular home is impossible to know without a specific comparative market analysis.
Data from MLS sales. It may contain errors and is subject to revision. All numbers in this analysis should be considered approximate.