Market Conditions in 94122>Question Details

Heather Robi…, Other/Just Looking in 94122

Is the Sunset area appreciating in price?

Asked by Heather Robinson, 94122 Tue Jul 31, 2007

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Hi Heather. There are a few different sections of the Sunset District. The Outer Sunset, closest to the ocean, is the most affordable and has stayed level in terms of appreciation over the last year. As you travel inland, the prices and desirability get a bit higher. Both the Central Sunset and the Inner Parkside neighborhoods' average sales price went up 6% from this time last year. If you travel one more neighborhood in, you arrive at the Inner Sunset which is the most desirable of the Sunset overall, and the average sales price there has gone up 14% from this time last year. All of these statistics come from our very own Trulia; just click on the neighborhood guide and find the neighborhood of interest. You can look at all of the statistics you want, but it is the basic law of supply and demand that tells the story. The most popular neighborhoods are always the quickest to appreciate. If you are not familiar with the neighborhood dynamics in any area be sure and ask your local Realtor to fill you in.
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1 vote Thank Flag Link Tue Jul 31, 2007
Heather, not at the moment.. Some Sunset areas were well overpriced by investors. So, while prices in SF on average are going up, it is not the case in Sunset, at least at the moment. I am sure that Trulia folks have statistics somewhere to back it up and/or other professional will post them. If I don't see anything posted, I will dig up CAR statistics for first 6 months of the year.
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0 votes Thank Flag Link Tue Jul 31, 2007
Artur Urbans…, Real Estate Pro in Burlingame, CA
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