After writing “Getting Granular in Noe Valley” a couple days ago [which has received tons of hits], we figured it would make for a nice contrast to take a swing at Excelsior. Located just south of I-280, the nabe is home to many interesting people and houses. Jerry Garcia even once called the Excelsior home.
Like Noe Valley, the neighborhood has posted a generous amount of sales in 2009, making it a good candidate for a trending analysis. And since it’s significantly different than Noe, it will be a fun little exercise.
- The first thing I notice from this chart is how much smoother the line is compared to Noe’s, indicating that Excelsior may not be as sensitive to short-term perturbations in the market as Noe.
- Prices have fallen 32.34% from peak (in inflation adjusted terms), compared to Noe’s 22.05%. Read the rest of this entry ?