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Neighborhood Spotlight: Pacific Heights

This week, we want to spotlight

Our Top 5 Favorite Things About Pacific Heights:

1. Gawking at the gorgeous homes on Broadway Street’s Billionaire’s Row.
2. Climbing the Lyon Street steps three times and trying not to pass out.
3. Admiring the views of sailboats and the Bay from Fillmore Street stairs.
4. Playing tennis, sunbathing or throwing a ball with my dogs at Alta Plaza Park.
5. People watching while enjoying a Vietnamese sandwich at Bun Mee.

Recent Neighborhood Sales:

Condominiums: There were 80 sales between 5/14/17 to 11/10/17 with prices between $474,000 to $5,300,000.

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSLogin&ARGUMENT=Ok7KmNi58nbInAxeCH8GTb4IRjCvIBsN1Bdz3fa5FCk%3D&KeyRid=1&Include_Search_Criteria=on&CurrentSID=120810340&MLS_Origin=SFAR

Single Family Homes: There were 22 sales between 5/14/17 to 11/10/17  with prices between $2,025,000 to $10,450,000.

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSLogin&ARGUMENT=Ok7KmNi58nbInAxeCH8GTbVi1HYgYVs53GDTINJZqvc%3D&KeyRid=1&Include_Search_Criteria=on&CurrentSID=120810340&MLS_Origin=SFAR

SFAR stats: Prices for single family homes have averaged a decrease of 2% while condominiums have averaged an increase of 3.3% since 10/2016 to 10/2017.

http://sfar.stats.10kresearch.com/infoserv/s-v1/lT2M-4pI

http://sfar.stats.10kresearch.com/infoserv/s-v1/lT2e-ejZ

Our take on the Pacific Heights Market: Pacific Heights historically has had low inventory as well as low turnover. Owners here tend to keep their properties longer than other neighborhoods which provides for price stability.  We’ve recently noticed a trend in tech buyers’ purchases here due to an increase in shuttles at Van Ness and Divisadero which allows for an easier commute to the South Bay.  Therefore, these northern neighborhoods which have been popular primarily for downtown financial district professionals are now more appealing to those in the tech field.

Our listing at 2299 Sacramento Street is in THE perfect Pacific Heights location next to Lafayette Park and 5 minutes to Fillmore Street’s shops and restaurants.  Take a look at http://www.pacheightscharm.com.  Give us a call to schedule a private appointment of this gorgeous home.