San Francisco Real Estate

The real estate market in San Francisco is a notoriously competitive. While the market has cooled somewhat, some condominiums or homes are known to sell well over asking price. The prices of homes, condominiums, and Tenancy in Common (TIC) vary wildly by neighborhood. In January 2006, the average home sales price (both single family homes and condos) in San Francisco was $865,061. The average sales price in January 2007 was $873,856, reflecting a slight increase of about 1%. The high real estate prices contribute to the fact that two-thirds of San Franciscans rent their apartments.

The architecture in the city is made-up of four main styles of homes and buildings: the popular and often depicted Victorians, the Edwardians, the 1920's stucco buildings, and the new modern high rise apartments that can mostly be found in the South Beach, SOMA, or Financial districts. The beautiful city is famous for its fog, cold summers, and great food. In fact, there are more restaurants in San Francisco than any other city in the country. The city is also incredibly popular with a diverse cross section of people, from social liberals to financial conservatives. They all live in one city, though often in different neighborhoods.

“The City,” how locals refer to San Francisco, is composed of over 24 distinct neighborhoods, each with its own unique charm, demographic, and characteristics. San Francisco is surrounded by the beautiful Golden Gate National Recreation Area to its North, and the technology and life science hub of the peninsula and Silicon Valley to its south. San Francisco has always been one of the top tourist destinations in the United States. While the actual city measures only 49 square miles, there are hundreds of top-quality restaurants and internationally known dance clubs. There are fantastic shops, boutiques and art galleries in the area also. With all of its diversions, beauty, and colorful people, San Francisco is a wonderful city to call home.

Find out how much San Francisco Real Estate is Worth:

Before your house is put on the market, your real estate agent meets you to review your comparative market analysis to help you accurately price your house.

In the meantime, use our online tools to get general information about sales activity in your neighborhood.

Bay Area Real Estate by Location

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