SF-based realtor Moya Robinson has rounded up some real estate market trends in the city, putting a spotlight on Russian Hill in particular. She writes:
The median sales price for homes in Russian Hill, San Francisco for Apr 10 to Jun 10 was $1,197,500 based on 28 sales. Compared to the same period one year ago, the median sales price increased 21.9%, or $215,000, and the number of sales increased 7.7%. Average price per square foot for Russian Hill was $939, an increase of 25% compared to the same period last year.
Looks like things are on the up and up in this ‘hood!
I’d bet those are massive single family homes being reported. Condos, flats, and detached in-laws are down city wide. They were especially down from the peaks in Russian Hill. With the federal and state tax credits expiring, I’d expect prices to slide another 5-8%.