Well, I’m glad you asked. First off, District 5 covers Noe Valley, the Castro and Cole Valley. That also includes Dolores Heights, Mission Dolores, Clarendon Heights, Glen Park and Twin Peaks, as well as the Haight, Ashbury Heights and the Duboce Triangle.
District 5 is one of the more homogenous districts in San Francisco in terms of property values, but in San Francisco, homogenous is a relative term.
The district soared in value between 1996 and 2008 and was one of the last districts to peak in value before the market had its meltdown in September 2008. At that point, values fell 15 to 20 percent very rapidly before stabilizing in 2009 and 2010, finally beginning to turn around in 2011.
Last year, the competition between buyers became ferocious for a very low inventory of homes on the market, with many listings selling very quickly in multiple-offer bidding situations.
And this is still the case in the first quarter of 2013. Because of this, values are rapidly climbing in District 5.
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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