Inventory in Presidio Heights is extremely limited, with just 1 home on the market after an 83.33% drop from the prior month. Despite that scarcity, buyers are still active, as 11 homes went under contract and pending sales are up 10% from last year, indicating steady demand even as new listings are down 15.38% year over year.
With so few options available, homes are moving faster, spending a median of only 17 days on the market, which is 54.67% quicker than last month and 35.85% faster than a year ago. Nearly 46% of recent sales closed above the list price and the average sale-to-list ratio is very close to full asking at 0.99, all reflecting sellers holding strong pricing power in this clear seller's market.
Home values in Presidio Heights are far above the broader San Francisco market, with a typical home value of about $5,000,000 compared to $1,500,000 citywide and a year-over-year gain of 34.41% locally versus 5.78% for the city. Pricing is also reacting sharply month to month, as typical values have surged 76.99% and the median list price of roughly $7,498,000 is projected to climb further alongside values and asking prices next month. In a neighborhood this competitive for both buyers and sellers, Agent Pronto can connect you with a skilled local agent to help you navigate the market effectively.
