Buying a house in San Francisco pre-2010 might as well be like sitting on a mini-gold mine.
CNBCReal estate in San Francisco is more expensive than nearly anywhere else in the U.S. The median sale price of homes in San Francisco went up for 83 consecutive months from April 2012 until March 2019.
Median home values in the broader San Francisco metro area, which includes surrounding areas such as Oakland, are up 77% over the past decade, Trulia says, from $534,800 to $946,700. However, the neighborhood still has a long way to go, according to Goodman, who says it is still considered “a bit unsafe.”
Located near a campus of the University of California, San Francisco, the neighborhood of Forest Knolls “feels like being in a suburb ... with pretty yards and good architecture,” Goodman says. “Young people love Mission because of the commute, and it’s also very vibrant. It’s got an eclectic neighborhood with amazing restaurants and a combination of young, old, all different ethnicities and artsy residents. It’s super hip,” says Goodman.Potrero Hill: 105% increase
A major reason San Francisco’s housing prices have climbed so high over the past decade is the city’s vibrant tech industry, which really started booming in 2012 . It now attracts a skilled workforce to the city while also driving up the demand for housing and the cost of living.
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