Here are 2 mapped analyses of recent San Francisco house and condo sales by median sales price and average dollar per square foot for the first 4 months of 2013, broken out by neighborhood; 1 map of median house prices around the Bay Area for the same period; and 2 maps that show median prices specifically for 3-bedroom houses and 2-bedroom condos around the city for the 6-month period ending February 28. 2013. These maps give an interesting overview of prices and values in the different areas of the city and Bay Area.
Generally speaking, home values are continuing on the course of significant appreciation that began in 2012.
We typically update these maps every 4 to 6 months (on a rotating basis) so that there is enough home sales data per specific neighborhood or city to generate meaningful statistics — but even then they are all generalities, which often fluctuate for other reasons besides changes in value and should be considered approximate.
Home Values Around the Greater San Francisco Bay Area
3-Bedroom House Median Prices in San Francisco
2-Bedroom Condo Median Prices in San Francisco
Median price is that price at which half the sales occurred for more and half for less. It may be and often is affected by other factors besides changes in value, such as seasonality; changes in financing conditions, buying patterns and available inventory; and changes in the distressed and luxury home segments.
Square footage is based on “livable space”, which may be measured in different ways, but should not include decks, patios, yards, garages, unfinished basements and attics, or rooms built without permit (“bonus rooms” and “in-law apartments”). Square footage figures are often unreported or measured in different ways or simply unreliable. Dollar per square foot statistics can be affected by other factors besides changes in value, such as average home size: all things being equal, a smaller home will have a higher dollar per square foot value than a larger home. All median and average statistics are based on that relatively unique basket of homes that sell within the designated period and should be considered general approximations, and it is unknown how they apply to any specific property.