Sitting in the fog of San Francisco's Inner Sunset looking out of my office I wonder whether it's sunny in Noe Valley. And it could be. San Francisco is one of those amazing places with many microclimates. And these microclimates influence the price of property in the city.
In Noe Valley, where it is generally much sunnier than in other areas of the city, median prices are much higher than in the Outer Sunset, where you could be at the beach --- that is if you could see it through the thick fog.
Here's the comparison of Single Family Homes sold in April 2007:
Noe Valley (15) Median Price $1,437,933
Outer Sunset (7) Median Price $835,794
Looks like the price of sun in April was $602,139.
Greetings from the fog ...
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