San Francisco: Portola district home market sales activity
The full report for Portola district single family home sales 2010/2011 comparison can be downloaded at the link below.
A few highlights include that inventory has come down quite a bit from 2010 to 3.8 months of inventory. A balanced market is considered 6 months of inventory; more than 6 months is a buyer's market; less than 6 months is a seller's market. (Click on each chart to zoom in)
While there are certainly more buyers out than in 2010 & median price has inched up, days on market is long at 80+ days. As always, accurate pricing is critical otherwise one is chasing the market & buyers with price reductions.
Bank owned (REO's; real estate owned) & short sales (SS) are still a part of this district as broken down in the under contract data.
Based on what the media portrays which is reporting on data at the national & statewide level, it's really important to analyze data at the micro-market/specific neighborhood detail.
San Francisco has some micro-markets that are doing quite well (IE: Bernal Heights, Potrero Hill, Noe Valley) where buyers are dealing with multiple offers & properties are going into contract within 7-14 days if they are priced well.
I'm happy to answer any questions about sales trends in this neighborhood or other areas of interest.
About Portola as provided by Zephyr Real Estate:
The Portola area was named for Don Gaspar de Portola - an explorer in 1769 who was charged with finding Monterey Bay. He overshot his target and stumbled upon San Francisco Bay instead. In the early 1900s it remained mostly agricultural with cattle grazing on the hills, and produce and flower gardens near what is now the 101.
Today, the Portola neighborhood is approximately one square mile in size with a high percentage of owner-occupied single-family homes. Residents can be found taking a stroll through McLaren Park or shopping along San Bruno Avenue- home to a variety of eateries, markets, bakeries, many schools, churches, a business strip and the groundbreaking Family Connections community resource center. Family Connections was established in Portola in 1993 and exists to develop healthy families, thriving communities and opportunities to share cultures, values, knowledge and resources.
- Zip Code(s): 94134
Portola district home sales trends pdf to download
Comments(3)