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Extreme Verticality in Quarter One Home Prices

We've been noting the general "market bouncing back" feel of 2013, but the 1st quarter price jump in San Francisco's average listing price is positively dizzying. These data, courtesy of the good people at Trulia, capture the phenomenon. February has been particularly kind to home sellers, it seems, if their confidence in listing homes for higher and higher prices is coming from comparable sales. "The average listing price for homes for sale in San Francisco CA was $1,444,723 for the week ending Feb 13, which represents an increase of 2%, or $28,970, compared to the prior week."


Other interesting trends for the first quarter of 2013 include the top neighborhoods. As we might have predicted from news of Mission and SoMa hotness, these two 'nabes are either now among the most popular or among the most money-generating in terms of sales prices and volume. Did we ever expect Sea Cliff and Mission Dolores to be on the same top 5 list of anything real estate related? Welcome to 2013.


· San Francisco Real Estate Overview [Trulia]
· Is the Bay Area Poised to Be Uniformly Unaffordable in 2013? [CurbedSF]
· The Mission District: Everybody Wants In [CurbedSF]