2008 Days on Market Neighborhood Rankings
January 8, 2009If I told you that properties in the Tenderloin tend to sell quicker than properties just a few blocks away in Nob Hill, would you believe me?
The 'Loin over Nob Hill? No way Jose!
That’s why we’ve put together a list of San Francisco’s 85 neighborhoods, ranking them by how quickly homes sold during 2008. Which neighborhoods unload homes the quickest? And which ones have properties that tend to sit on the shelf for a while? You’re about to find out.
But first, a few comments about the Days on Market metric in the MLS. In case you didn’t know, Days on Market is computed by starting the clock the moment a property hits the open market. The clock stops once that property goes into “pending” status, which means it has effectively been taken off the open market unless something goes awry with the deal.
We wrote an article HERE about how MLS computes days on market. There are pluses and minuses regarding their method. Sometimes the days on market looks artificially low, and other times it looks high. Overall, however, we’re counting on these shortcomings to balance out as we look at the entire year of 2008 from high above. So without further adieu, here are the rankings:
| Rank | Neighborhood | Average DOM for 2008 |
| 1. | Ingleside Terrace | 29 |
| 2. | Jordan Park/Laurel Heights | 30 |
| 3. | Presidio Heights | 33 |
| T-4 | Westwood Highlands | 35 |
| T-4 | Midtown Terrace | 35 |
| 6. | Balboa Terrace | 37 |
| T-7 | Westwood Park | 38 |
| T-7 | Outer Parkside | 38 |
| T-9 | Cow Hollow | 39 |
| T-9 | Parnassus/Ashbury Heights | 39 |
| T-9 | Inner Parkside | 39 |
To see the rest of the rankings, continue reading –>
| 12. | Haight Ashbury | 40 |
| T-13 | Lone Mountain | 41 |
| T-13 | Lakeside | 41 |
| 15. | Lake Shore | 42 |
| T-16 | Central Sunset | 43 |
| T-16 | Parkside | 43 |
| T-18 | Marina | 44 |
| T-18 | West Portal | 44 |
| T-18 | Outer Richmond | 44 |
| T-18 | Sunnyside | 44 |
| T-18 | Central Waterfront | 44 |
| T-23 | Inner Sunset | 45 |
| T-23 | Outer Sunset | 45 |
| T-25 | Corona Heights | 46 |
| T-25 | Duboce Triangle | 46 |
| T-25 | Merced Heights | 46 |
| T-28 | Noe Valley | 47 |
| T-28 | Clarendon Heights | 47 |
| T-28 | Eureka Valley/Dolores Heights | 47 |
| T-28 | Mount Davidson Manor | 47 |
| T-28 | Twin Peaks | 47 |
| T-33 | Pacific Heights | 48 |
| T-33 | Buena Vista Park | 48 |
| T-33 | Forest Hill | 48 |
| T-33 | North Beach | 48 |
| T-33 | Miraloma Park | 48 |
| T-38 | St. Francis Wood | 49 |
| T-38 | Bernal Heights | 49 |
| 40. | Hayes Valley | 50 |
| T-41 | Glen Park | 51 |
| T-41 | Inner Richmond | 51 |
| T-41 | Monterey Heights | 51 |
| T-44 | Telegraph Hill | 52 |
| T-44 | Golden Gate Heights | 52 |
| T-44 | Ingleside | 52 |
| T-47 | Financial District | 53 |
| T-47 | Central Richmond | 53 |
| T-49 | Sherwood Forest | 54 |
| T-49 | Bayview Heights | 54 |
| 51. | Portola | 55 |
| 52. | Alamo Square | 56 |
| AVG | Average | 56 |
| 53. | Lake | 57 |
| T-54 | Lower Pacific Heights | 58 |
| T-54 | Mission Bay | 58 |
| T-56 | Russian Hill | 59 |
| T-56 | Mission Terrace | 59 |
| 58. | Potrero Hill | 61 |
| T-59 | Forest Hill Extension | 63 |
| T-59 | Anza Vista | 63 |
| T-59 | Crocker Amazon | 63 |
| 62. | Outer Mission | 64 |
| 63. | South of Market (SoMa) | 65 |
| 64. | Downtown | 66 |
| T-65 | Excelsior | 67 |
| T-65 | Ingleside Heights | 67 |
| T-67 | North Panhandle | 68 |
| T-67 | Pine Lake Park | 68 |
| T-67 | Forest Knolls | 68 |
| T-67 | Tenderloin | 68 |
| T-71 | Mission Dolores | 70 |
| T-71 | Merced Manor | 70 |
| T-71 | Diamond Heights | 70 |
| T-74 | South Beach | 71 |
| T-74 | North Waterfront | 71 |
| T-74 | Visitacion Valley | 71 |
| T-77 | Van Ness/Civic Center | 72 |
| T-77 | Silver Terrace | 72 |
| 79. | Western Addition | 75 |
| T-80 | Inner Mission | 78 |
| T-80 | Bayview | 78 |
| 82. | Sea Cliff | 79 |
| T-83 | Nob Hill | 81 |
| T-83 | Hunters Point | 81 |
| 85. | Oceanview | 85 |
What is interesting about this list is that some of the nicer neighborhoods can be found towards the bottom. Is that because their pricey pads require more marketing time? Could be. Also, no neighborhood goes above 3 months marketing time on average. That leads us to believe that San Francisco’s market is very strong or that MLS’s method for tallying up days on market is fatally flawed. The truth is probably somewhere in between. Real estate markets show big signs of sputtering when market times are around 6 months (180 days) or more.
Despite the imperfect data, we hope you’ll still find it useful, as all the neighborhoods are subject to the same MLS shortcomings and are being compared to one another.
To read more articles that rank San Francisco’s neighborhoods, click HERE.
