Faith, Other/Just Looking in San Francisco, CA

My friend is thinking of buying Property in Potrero Hill. The RE market seem to be a bit bumpy now overall.

Asked by Faith, San Francisco, CA Fri Nov 16, 2007

Are there reasons to believe the Potrero HIll might appreciate in value over the next few years? Perhaps more than surrounding areas in San Francisco proper?

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Yes! Potrero will do very well with the completion of UCSF's hospital, bio research and other assorted businesses going in to Mission Bay. That area will be transformed into a very busy and dynamic area. Proximity of housing will then go for a premium for everyone that wants avoid commuting.
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2 votes Thank Flag Link Fri Nov 16, 2007
Jed Lane; Fog…, Real Estate Pro in San Francisco, CA
Potrero Hill is a very hit or miss neighborhood. If you can't walk to restaurants, or are backed up to a public housing development, or are practically on top of a highway, or in the middle of an industrial zone (or in some cases all 4 of these) you may never get the appreciation that other parts of Potrero Hill might see. In a market where buyers are taking their time doing their due diligence, I strongly advise getting to know the neighborhood's ins and outs. And then buy location, location, location. If you can walk to 18th & Connecticut you're probably in a great location, so do a 1/4 mile to maybe a 1/2 mile radius search (via the MLS - try for properties. You can sell a well located property in any market, and when it's up, it will be up the most.

As for future appreciation.... it's been an up and coming area for quite some time, so I'd suggest at least a 5 year outlook, if not 10, if you want to see appreciation over other parts of the city.
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1 vote Thank Flag Link Mon May 5, 2008
I bought a house on the south slope of Kansas St in 1990 for 199K. Seems to me, the values have NOT kept up with the rest of the city. We experienced a lot of "street crime" but the house was never bothered. Lived there for 7 years then moved out to Moss Beach....THAT house tripled in value in the same period of time. Great weather on the hill, but not so sure about home appreciation.
0 votes Thank Flag Link Wed Mar 9, 2011
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