The Richmond District, San Francisco: An Old Favorite Still Beckons

The Richmond District is large in terms of San Francisco neighborhoods, sandwiched for 50 blocks between Golden Gate Park and the Presidio national park site, and stretching west from the University of San Francisco to the rugged coastline of the city’s northwest corner.

The Inner Richmond, at its eastern edge, is historically Asian-American, and so rich with Chinese restaurants, shops and businesses that it is often referred to as New Chinatown. To its west, the Outer Richmond offers quieter streets and a more residential feel, although both Geary Boulevard and Balboa Street hum with diverse shops and businesses that pay tribute to the area’s multicultural heritage.

After a period of increases, home sale prices are relatively flat. Prices are generally higher in the Inner Richmond than the Outer Richmond, sometimes significantly so, and highest along Lake Street, the area that borders the Presidio.

In 2017, 114 homes were sold in the Richmond, at a median home price of $1.65 million, according to the San Francisco Association of Realtors. In 2018, 134 homes were sold in the neighborhood at a median price of $1.8 million. So far in 2019, there have been 122 home sales, at a median price of $2 million.

For renters, studios and one-bedroom apartments run in the $2,000 to $3,000 range; larger units will cost around $4,000 or even $5,000 a month.

Article source: https://www.nytimes.com/2019/12/17/realestate/the-richmond-district-san-francisco-an-old-favorite-still-beckons.html

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