Where are the single-family houses in San Francisco?
It’s no secret that a huge part of the city’s housing stock is rental properties – and many of those are under rent control. But there’s got to be single-family homes for sale, so where are they?
The San Francisco Chronicle looked into this very issue today. The newspaper found that even buyers with no budgetary restrictions can have a hard time finding a single-family home in particular San Francisco neighborhoods – and that top-end neighborhoods are also the ones most constrained when it comes to inventory. That, in turn, drives up prices for the little inventory that is available.
Let’s look at SOMA – specifically, the 94103 zip code. Here you’ll find plenty of pricey condos but not a whole heck of a lot of single-family homes for sale. In fact, here there is only one single-family home for sale: 30 Bernice Street, a 1911 four-bedroom, two and one-half bath home with more than 2,000 square feet and a single-car garage. It recently came on the market for just under $1.3 million.
In addition to SOMA, Mid-Market, the Tenderloin and the Lower Haight (94102), Financial District (94104), South Beach and Mission Bay (94105), Chinatown (94109) and the Embarcadero and Barbary Coast (94111) have no single-family homes for sale according to the San Francisco Association of Realtors MLS.
Maybe that’s not terribly surprising. But what is surprising is the lack of single-family homes in central San Francisco neighborhoods. There are less than ten single-family homes for sale in the zip codes of 94114 (Eureka Valley, Duboce Triangle, Noe Valley), 94115 (Pacific Heights, , Lower Pacific Heights, Western Addition, Anza Vista) and 94117 (Lower Haight, Upper Haight, Cole Valley, NoPA).
Where there are single-family homes are in the west and south of the city. There are 31 single-family homes in the 94116 area code (Sunset, Golden Gate Heights, Parkside) and 44 single-family homes in 94112 (Ingleside, Excelsior, Mission Terrace, South Bernal Heights).
Tired of searching on your own? No need. Give me a call.
Dreaming of San Francisco? Cece Blase offers local advice to San Francisco buyers, sellers and owners– and feeds the dreams of those who wish they could live in Tony Bennett’s ‘City by the Bay.’ Call 415-577-0809 or email firstname.lastname@example.org. www.ceceblase.com