Nob Hill, Russian Hill, and South Beach—lovely as they are—didn’t stand a chance. San Francisco’s priciest housing market at the start of May belongs to the occasionally chic, hardly affordable, always elite Pacific Heights. Would these hedges lie?
For this most recent analysis, research and analytics outfit NeighborhoodX looked at two metrics for consideration: the average price per square foot for the neighborhood, and the range of prices per square foot.
"Most analyses only look at a metric like median listing price, which by itself doesn't allow as granular or meaningful a comparison across neighborhoods. Especially is one neighborhood has larger properties than another, which can skew median listings, even if prices per square foot are the same," says NeighborhoodX founder Constantine Valhouli.
Exclusions included foreclosures, short sales, income-restricted (affordable) housing, and properties primarily listed as development sites or where the value is in the land rather than the building (for example). Furthermore, the analysis removed certain listings with incomplete or contradictory data.
The price range for San Francisco overall only includes the neighborhoods that were analyzed. So lesser-known, more colloquial neighborhoods (e.g., Little Hollywood, La Lengua) were not used.
Keeping this in mind, the price range for neighborhoods that have been analyzed is $345-$4,207 per square foot. Valhouli adds, "That range represents the most affordable market-rate property in Outer Richmond to the most expensive property in Pacific Heights.”
Source: Curbed San Francisco
Since 2013, Pacific Heights has been among the most expensive places in San Francisco. This posh residential enclave is famous for its record-breaking prices and ultra-wealthy residents, making it a prestigious area. With close proximity to Lafayette and Alta Plaza Parks; sweeping views of the Marin Headlands, Golden Gate Bridge, Palace of Fine Arts, Alcatraz, and the Presidio; and elegant architecture, the homes here will leave you in seventh heaven. Pacific Heights showcases various architectural styles, too—Neo-Baroque, California Mission Revival, Queen Anne, and French Renaissance Revival Château houses line the sidewalks.
The iconic Painted Ladies architecture—which is a string of elegant homes built in Victorian and Edwardian styles—can also be found in Pacific Heights. This neighborhood even has superb schools, including San Francisco University High School and San Francisco Waldorf School. For residents who are in the mood to shop, Fillmore Street has you covered. Home to Ralph Lauren, Prada, and Athleta, this street is a great place to spend your day indulging in some retail therapy. In the evening, go to the upscale Atelier Crenn for Michelin-starred French cuisine, DOSA on Fillmore for authentic South Indian cuisine, or Fresca Fillmore for inventive takes on Peruvian ceviche.
Source: california website
Pacific Heights, San Francisco, California, USA
Recorded November 21, 2023 Tuesday
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