Castro Price & Volume Statistics, 2-Unit Buildings |
| Source: All statistics are from the San Francisco Association of Realtors, Multiple Listing Service (MLS). |
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Average & Median Selling Prices |
This data is challenged due to the very small sample size (number of data points) which is important for good statistical analysis. In both Q2 and Q3 of 2007, there were only three property sales in this category which opens the results up to the high level of variance we see in Q3-07. For most of the past two years, duplexes in the Castro have sold for between $1.4 million - $1.7 million. Roughly $700,000 to $850,000 per unit.
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* Figures current through June 30, 2009. |
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Average Cost per Square Foot |
Prices for 2-unit buildings in the Castro are consistently in the $400 - $600 per square foot range. This is consistenly ~ $100 per foot less than Condos and $200 - $300 less per foot than single family homes.
Duplexes (and TICs) represent a much lower price point for the right type of buyer. Also, with the cost for new construction running in the area of $250/sf, there is an incentive for people to expand the floor plate of these buildings if possible.
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* Figures current through June 30, 2009. |
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Unit Sales |
There has been an average of 3.4 two-unit buildings sold per month in the Castro over the last four years.
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* Figures current through June 30, 2009. |
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Other Castro Statistics |
| Single Family Homes Condos/TICs Return Home |
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