October's First-Time Homebuyer Report for Western Addition

Western Addition has one of the fastest growing populations in San Francisco with an 11.2% increase over the last 10 years. Despite being ranked first for growth, it's currently only ranked 32nd in terms of total population with 6,153 residents. Western Addition is made up of homes that are considered relatively old with a median of 30 years. The top school in the neighborhood is Kipp San Francisco Bay Academy.

Price Range

Some of the least expensive homes in San Francisco are in Western Addition with a median home value of $410,112, while the list prices of available homes is currently at an average of $1,064,726. The Western Addition market pulled back with a 3.4% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (24.8) with 28 homes sold.

Out of all the listings in Western Addition, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$610K   $588K   $449K  

Typical Dwelling

A two-bedroom condo valued around $1,197,673 is considered a typical dwelling in Western Addition. If a buyer was looking for a similar home, they would need good credit and a $239,535 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $4,080 and the property tax rate is $5.04 per $1,000 of taxable assessed value.

Get started right now by checking out Western Addition homes for sale or reviewing Western Addition real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
BHG Mason-McDuffie Real Estate
11 reviews
TRI Coldwell Banker
4 reviews
J. Rockcliff Realtors Inc.
Snapped 1 home in this area

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