Pacific Heights is the neighborhood everyone wants to move into and home prices reflect the demand.
Homes in the area start at about $3.5 million compared to the median home sales price of about $1.4 million for the entire city, according to Mansion Global. The average price per square foot is about $3,000 in Pacific Heights.
Turnover is slow and many of the traditional single-family Victorian houses haven’t gone through major renovations, so, when an updated home hits the market, buyers go crazy.
“View houses that are state-of-the-art and in move-in condition are priceless,” said Pacific Union International agent Val Steele to Mansion Global.
What makes the neighborhood so populate is its location within San Francisco; “it has the best views, the best weather,” according to Sotheby’s International Realty agent Janet Schindler.
“This will always be a blue-chip neighborhood,” she said.
[Mansion Global] — E.K. Hudson