These ended up the 10 priciest neighborhoods to get a property in the Bay Spot in 2020

Atherton ongoing its reign in the course of the pandemic last year as the most high priced authentic estate current market in the Bay Place, topping even the sky-large selling prices of San Francisco’s most exclusive neighborhoods, a new report showed.



a sign in front of a building: A home is seen with a For Sale sign posted outside the front gates in Atherton, Calif. Thursday, July 25, 2019.


© Jessica Christian / The Chronicle

A home is observed with a For Sale indicator posted exterior the entrance gates in Atherton, Calif. Thursday, July 25, 2019.


The San Mateo County city, which has attracted extremely-rich tech executives and sports figures amongst its home purchasers, experienced a median income price tag of $6.35 million last yr, in accordance to the report from Compass Real Estate, a household brokerage business primarily based in New York.

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San Francisco’s tony Pacific Heights neighborhood came in next, with a median cost of $5.625 million.

Atherton’s pricier residences have been smaller sized on regular than Pacific Heights’ the town’s median property dimension was 3,740 sq. toes, when compared with Pacific Heights’ 4,080-sq.-foot normal.

That created Atherton the most pricey city by sq. footage, much too, at $1,607 for every square foot of dwelling house in contrast to $1,538 for every sq. foot in Pacific Heights.

Two other San Francisco neighborhoods built the top rated 10 most-expensive list in the Bay Area: The Marina district was the sixth-most high-priced, with a median value of $3.825 million, and St. Francis Wood, around the Sunset District, arrived in ninth, at $3.43 million.

The median refers to the middle cost for all properties in a set, the place half marketed for significantly less and fifty percent for more.

Contrary to the 2008 recession, which triggered the Bay Area’s median residence price tag to plummet from over $750,000 to underneath $350,000, the coronavirus pandemic triggered only a $50,000 momentary reduce in the region’s median home cost, from $950,000 to $900,000, in accordance to data from the California Affiliation of Realtors. And the sector has because rebounded: Towards the stop of the yr, the Bay Area’s median property cost surpassed $1.05 million for the 1st time.

But although the vast majority of the Bay Location remains high-priced for prospective potential buyers, four marketplace locations experienced median dwelling charges beneath $500,000: Pittsburg in Contra Costa County, Dixon and Vallejo in Solano County, and Berryessa in Napa County.

Susie Neilson is a San Francisco Chronicle staff members writer. E-mail: [email protected] Twitter: @susieneilson

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