Home Prices in District 5

Spoiler alert: they've been going up. But wait, there's more!

San Francisco Realtor Dean Sereni recently published some statistics about market conditions and trends in District 5 over the last 5 years. For clarification, this District 5 isn't the political District 5. It's a Real Estate District 5 that comprises Noe Valley, Eureka Valley & the Castro, Cole Valley, Mission Dolores, Haight Ashbury, Ashbury Heights, Clarendon Heights, Parnassus Heights, Corona Heights, Glen Park, Twin Peaks & the Duboce Triangle. There's a whole lot of data, but the gist is that home and condo prices fell steeply in 2008 with the market crash, leveled off in 2010-11, and then began a steep incline. Here's the graph from his post: As you can see, home prices went up by average $100 per square foot in 2012. There are lots of other interesting tidbits too, like data for the average number of days a house spends on the market (it dropped from 69 to 35 in the past year), or that there's been a steady increase in 2012 in the number of homes sold for more than $1.5 million (142 so far in 2012, compared with 135 last year), and the fact that in the 3rd quarter of 2012, a whopping 65% of homes sold ABOVE asking price (23% sold for more than 10% above asking price). If you're buying a house, or just really like huge amounts of data organized into graphs, you should definitely head over and check it out.