Getting Granular in Mission Dolores
December 17, 2008Mission Dolores is one of our favorite parts of town. It’s been changing for the better for many years now, yet still retains a slight tinge of edginess to keep it honest. Dolores Park (aka “DP”), the main park in the neighborhood, has also improved dramatically over the years from its once drug-dealer, crime-ridden past.
Dolores Park - courtesy of indifference.com
Properties around the nabe are spectacularly unique (you won’t find a plethora of cookie cutter condos here). Victorians and palm trees line Dolores Street, which runs through the center of this artsy area. Shops, restaurants, boutiques, and bars are abundant and all within walking distance. Some properties have views of the City and public transit is easy peasy.
Condominiums are popular in the area, mainly located in 2, 3, and 4 unit Victorian-styled buildings. We ran some numbers to find out the scoop on median condo prices over time, and to see how 2008 shaped up. Here’s a look:
Median Condo Prices (click to enlarge)
You can see that the 14 year history has shown solid growth. The quick rise and fall around 2000 is unmistakably clear (dot com bomb), and we see that median condo values peaked in 2007. This year shows a dip and we’ll keep tabs on how this line changes in the future.
For now, we’re content taking in some sunshine at the park, grabbing a bite at Dolores Park Cafe, a scoop of ice cream at Bi-Rite Creamery, and touring all the magnificent properties in the ‘hood.
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