Excelsior Heats Up

One neighborhood that’s not exactly suffering in the economic downturn is Excelsior, in San Francisco’s southeastern area. Twenty-seven single-family homes have sold since January at an average of $517,459—generally considered to be quite affordable for first-time home buyers who prefer a house to a condo.

The darling of the week was 59 Stoneyford, a 4BR/2BA home with 1470 square feet and a lovely garden. Listed at $589,000, the home reportedly attracted 100 groups on each of the two Sundays it was open before going into contract amidst five offers. Goes to show you, sellers, that if you price a home attractively, buyers will come.

And with 21 other homes in contract and/or pending at a list price average of $496,786, Excelsior doesn’t appear to be slowing down anytime soon.

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Eileen Bermingham

Corcoran Global Living



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