This year, as the luck of the Irish would have it, St. Patrick’s Day falls on a Saturday. SF.FunCheap.com has published a comprehensive guide to the City’s Irish block parties, festivals, and parades. To see the complete list of events, click here. On Sunday, the Presidio Picnic 2018 season kicks-off at 11 A.M. on the Main Parade Ground Lawn.
On the “Homes for Sale in San Francisco” front, here’s our report for this week, 3/11/18 – 3/17/18
S.F. Starter Home Prices More Than Double in Only Five Years
The prices for a San Francisco starter home have more than doubled in the last five years, according to a recent report on SFGate.com. There has been a 103.3 percent increase during that time period in the least-expensive segment of the market.
The report divides housing stock into three equal segments based on value. In contrast to the least-expensive San Francisco homes, with a median price of $530,900, the most-expensive segment, with a median price of $1,559,400, has risen 70.4 percent in the last five years.
This trend of less-expensive home growth outpacing more-expensive home growth has been seen across the nation. Experts explain that owners of starter homes across the country are gaining equity faster than other homeowners because demand for entry-level homes continues to grow faster than supply.
While it appears this trend is accelerating nationwide, it’s worth noting that over the last year three markets — San Francisco, San Jose, and Seattle — have bucked the trend, with the most expensive homes gaining value faster than the least expensive homes. In San Francisco, for example, the least-expensive segment is up 9.5 percent in the last year, while the most-expensive third is up 11.6 percent.