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Redfin ranks San Francisco neighborhoods as nation’s most competitive

Redfin list of top 30 markets shows where the hyperlocal hot spots are
Published on Jan 12, 2016
  • A new Redfin report shows the top hyperlocal real estate hot spots.
  • Four San Francisco neighborhoods were listed.
  • San Francisco's prices were the highest on the list.

San Francisco is home to an enviable number of unicorn companies. So, it stands to reason that the tech executives and other well compensated tech types have and will spend piles of cash on houses.In a recent Redfin report, four tech sector hometowns are mentioned as pockets when home prices are being driven up to astronomical levels. In addition to San Francisco; Portland, Ore.; Seattle; Boston and Denver are hot spots.And with the fat wallets are coming heated bidding wars. In the Redfin analysis, most properties are netting the buyers in those places more than their asking prices.The new rankings show residential real estate’s 30 most competitive neighborhoods of 2015. Included in the analysis are factors that include percentage of homes that sold above asking price, days on the market, and average price. Which San Francisco neighborhoods ranked? San Francisco has four areas on the top 30 list. They are:Central Sunset (8) Noe Valley (13) Richmond Distric...

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