Instant Alert: The 23 neighborhoods in San Francisco where you'd pay $1 million or more for a home

Posted On // Leave a Comment

Your Message Subject or Title

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
 
 
 

The 23 neighborhoods in San Francisco where you'd pay $1 million or more for a home

by Matt Weinberger on May 16, 2016, 7:23 PM

Advertisement

San Francisco's housing market is, in a word, insane

Thanks to a perfect storm of interrelated factors — from a tangled web of city policies that prevent development to an influx of young tech workers who want to live in trendy areas — San Francisco doesn't have enough housing for everybody.

In fact, despite a dip in prices, the average price of a home in San Francisco in April 2016 was still $1.2 million dollars, says homebuying brokerage Redfin.

But there's a wide variety of neighborhoods in San Francisco, and some are pricier than others. And so, there are neighborhoods where even $1.2 million won't get you much. 

Here are the 23 San Francisco neighborhoods, out of 50 total, where the median home price is $1 million or more, with data taken from Redfin's April 2016 report. Just keep in mind that those averages take homes and condos alike into account, so prices may seem a little lower in areas with lots of little apartments. 

Spoiler alert: The most expensive neighborhood in San Francisco had a median home price of $2,137,500.

SEE ALSO: Here's what it's like to buy a first home in San Francisco, one of the world's most competitive real-estate markets

San Francisco ain't huge — the whole city fits into 49 square miles. But if you squint at this map, you can see that there are lots of little neighborhoods within neighborhoods, all over the city.



San Francisco's Outer Richmond district covers most of the northwest corner of the city, out to the Pacific Ocean. Homes here averaged a cool $1 million.



On the other side of Golden Gate park from the Outer Richmond district is the Outer Sunset, which is similarly quiet, with great access to the rest of the city via streetcar. Homes here had a median price of $1,035,000.



See the rest of the story at Business Insider


 
Share the latest business news with your network:

Facebook Share Twitter Share Email Share
Email sent to:   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

0 comments:

Post a Comment