Condo Performance in 4 Prestigious Nabes
March 12, 2009We’ve put together a chart that pits four of San Francisco’s most prestigious neighborhoods against one another… Russian Hill, Nob Hill, Pacific Heights, and the Marina. Median condominium values were plotted over a 14 year history, dating back to 1995 (this is as far as MLS will go). We adjusted the median prices to account for inflation so we could isolate market appreciation.
And around the final corner, it's Nob Hill in front... Nob Hill in front!
How did they fare?
Condo Comparison (click to enlarge)
With just a 1.03% decline in values from peak, Nob Hill shows the best performance through the end of ’08. Pacific Heights and Russian Hill were neck and neck, with 5.61% and 5.77% declines from peak respectively. Condos in the Marina have come down 7.96% from peak, but they have also gone up the most in the long haul.
We’ll keep our eyes on how this chart evolves in ’09, and of course report our findings. Keep tuning in!
For more median price trends in San Francisco’s neighborhoods, click HERE.
