California Real Estate | 3 minute read
Sea Cliff Takes the Lead as Priciest San Francisco Neighborhood
BY Veronica Grecu | Apr 11, 2014
When it comes to expensive lifestyle and pricey neighborhoods, San Francisco seems to give New York’s steep prices a run for their money (pun intended). After all, it’s the fourth most expensive city in the U.S. and it’s located in one of the wealthiest regions in the world.
So if you’re on a spending spree and looking to relocate to a posh area, which upscale San Francisco nabes should you be looking at? Well, here’s a list of the top 10 most expensive San Francisco neighborhoods in 2013:
|
Neighborhood |
Median sale price 2013 |
Median sale price 2012 |
2013 vs 2012 |
|
|
1 |
Sea Cliff |
$3,115,000 |
$2,875,000 |
8% |
|
2 |
Presidio Heights |
$2,541,667 |
$3,100,000 |
-18% |
|
3 |
Clarendon Heights |
$2,400,000 |
$1,775,000 |
35% |
|
4 |
Saint Francis Wood |
$1,850,000 |
$1,760,000 |
5% |
|
5 |
Monterey Heights |
$1,685,000 |
$1,200,000 |
40% |
|
6 |
Forest Hill |
$1,535,500 |
$1,465,000 |
5% |
|
7 |
Marina |
$1,505,000 |
$1,535,000 |
-2% |
|
8 |
Pacific Heights |
$1,432,500 |
$1,250,000 |
15% |
|
9 |
Buena Vista – Ashbury Heights |
$1,400,000 |
$1,450,000 |
-3% |
|
10 |
Eureka Valley – Dolores Heights |
$1,380,000 |
$1,281,000 |
8% |
#1. Sea Cliff
With a median sale price set for $3,115,000 in 2013 (sorry TriBeCa, you fall behind with only $2,724,228) Sea Cliff is officially San Francisco’s most expensive place to live in, though it registered only a modest 8% growth as compared to 2012. But then again, Sea Cliff has been a regular presence in the top for quite some time — see 2009 most expensive neighborhoods rankings.
Priciest sale in 2013? This single-family residence at 632 El Camino Del Mar that had a price tag of $11.5 million:
#2. Presidio Heights
Though it dropped more than half a million in year-over-year growth comparison, San Francisco’s former star neighborhood still made it to our list. It’s the second priciest neighborhood in the City by the Bay, with a median sale price of $2,541,667.
#3. Clarendon Heights
In 2012 this was more on the “so-and-so” side. But then magic happened (that and a surprising 35% year-over-year increase) and ta-daaa! Clarendon Heights now ranks 3rd on the list, with a median sale price of $2,400,000.
#4. Saint Francis Wood
Next in our ranking is Saint Francis Wood. Nothing much changed in terms of median sale prices since 2012—and by “nothing” we mean a trifling 5% climb that translates into $1,850,000.
#5. Monterey Heights
Did you honestly think nothing can beat Clarendon Heights’ 35% year-over-year growth? Well surprise, surprise! Monterey Heights can! This neighborhood climbed an amazing 40% in our charts since 2012, its median sale prices now reaching $1,685,000.
#6. Forest Hill
With a median sale price of $1,535,000, Forest Hill is one of the most stable neighborhoods in San Francisco. The 5% year-over-year growth doesn’t sound like much, but still this is one of the priciest areas in good old San Fran.
#7. Marina
Marina registered one of the smallest year-over-year drops in our list. This neighborhood only plummeted 2% since 2012, from $1,535,000 to $1,505,000, but with its super-active nightlife going out beats staying in. Fair enough, right?
#8. Pacific Heights
With a median sale price of $1,432,000, Pacific Heights registered a significant 15% growth as compared to 2012. As we see it, this is one of the most promising neighborhoods in San Francisco in terms of real estate.
#9. Buena Vista – Ashbury Heights
Number 9 on our list is another negative growth. Not what we’d call a dramatic fall, it’s true… but a decrease remains a decrease, even if it’s only 3%. As compared to 2012, the median sale price in Buena Vista – Ashbury Heights is now set at $1,400,000.
#10. Eureka Valley – Dolores Heights
Eureka Valley – Dolores heights closes our top 10 priciest neighborhoods in San Francisco. As compared to 2012 when its median sale price was hovering around $1,280,000, the neighborhood scored a modest but honorable 8% increase and added $100,000 to the median home price tag.
Too many stats for you? Check out our interactive map of San Francisco and see just how much median home prices have been soaring in the past 10 years, neighborhood by neighborhood:
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POSTED IN: California Real Estate, San Francisco Real Estate
Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica’s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.
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