Wish we were referring to a magical moment as the sun dips below the Pacific horizon on a gorgeous evening… but we’re referring to “The Sunset”. Sales price trends in the neighborhood have long been thought to be a decent barometer of the overall San Francisco housing market. Why? The Sunset is a large, fairly stable neighborhood with many similar homes selling around San Francisco’s median.
So let’s take a look at the median sales price from January 1, 2009 through June 1, 2009. And better yet, lets compare this year’s median to that of years past, over the same time period. This should give us a glimpse into present day conditions, not just in the Sunset, but into the San Francisco market as a whole (if the aforementioned theory holds any weight). And as our readers know, we’d love to go back further than 1995 but MLS does not support that. Here is the trend: