Luxury San Francisco homes rank as some of the most expensive per square foot in the country and yet they offer some of the most modest sizes in living area and land area in the nation.
San Francisco, California (PRWEB) August 28, 2013
A study by HomesSF.com found that San Francisco luxury homes rely more on style and splendor and less on square footage to earn their status in the luxury market. “Luxury San Francisco homes rank as some of the most expensive per square foot in the country and yet they offer some of the most modest sizes in living area and land area in the nation,” said Peggy Economos, San Francisco luxury agent.
What defines luxury homes in San Francisco has little to do with size. According to HomesSF.com research of San Francisco MLS Realist data since January 2012, the average square footage of the top thirty largest single-family residences sold in San Francisco was about 7,800 square feet. The average lot size that the houses occupied was just over 7,500 square feet and the average sale price was $10.4 Million. See San Francisco Top 10 Luxury Homes Sales of 2012 -2013.
HomesSF.com research, points out for comparison, nationwide tax rolls and MLS data reveal that since February of 2013, the top 15 *largest luxury homes sold nationwide, averaged 14,040 square feet, occupied an average lot size of 3.6 acres and had an average sale price of $12 million. The largest was 22,250 sq. ft. and one particularly well-priced example was a 19,555 sq. ft. luxury home in Englewood, Colorado that sold in March 2013 for $7 million (* only data that included complete home and land information were utilize.)
The highest-priced San Francisco luxury home sold in the last 16 months, 2901 Broadway illustrates that size is not necessarily a measure of value. It was 7,500 square feet and had a sale price of $28.25 million. The author of this release, Peggy Economos, was an exclusive listing agent representing the seller of 2901 Broadway. Peggy Economos works with Pacific Union International | Christies International in San Francisco and is a producer of the website HomesSF.com. Peggy Economos can be reached at (415) 271-6390 or on line at http://homessf.com.
The fact that there are no behemoth homes and vast land parcels with mile long driveways is no surprise to those that know San Francisco. San Francisco is big in stature but small in size. It is a peninsula, bound by ocean on one side and the bay on 2 others. It is roughly 7 miles square, a total of 47 square miles; about twice the size of Manhattan and less than one tenth the size of Los Angeles. 17% of the city is dedicated to parks and open space, including the Presidio National Park and the city’s Golden Gate Park, which occupy about 3.5 square miles of the city’s total.
Luxury San Francisco homes, by national standards, are modest in size and are situated on small land parcels. However what the parcels may lack in size, they more than make up for in quality. HomesSF.com commented that: there are very few places that offer the purity of environment and natural beauty that you find in the San Francisco Bay area but to be able to experience these qualities in a major city, like you can in San Francisco, is rare indeed.
San Francisco’s luxury neighborhoods are high-art for those that appreciate fine architecture, classic as well as refined-eclectic style and impeccable execution. Certainly something of grace and beauty has no requirement of size and that is fortunate because connoisseurs of extraordinary homes can freely enjoy the unique luxury homes of San Francisco. Information on top luxury homes San Francisco can be found by contacting Peggy Economos at (415) 271-6390 or on the web at http://homessf.com.
Peggy Economos is an agent with 25 years of luxury San Francisco property expertise. She works with Pacific Union International | Christies International and is the Estate Properties Director of Pacific Union. Peggy Economos has represented principles in the two most expensive single-family recorded homes sales in San Francisco in more than a year. Peggy teams with her husband Kirk Economos, also with Pacific Union International, under the web moniker of HomesSF.com.
HomesSF.com is a website owned and produced by Peggy and Kirk Economos that provides property listings and information on the local San Francisco luxury residential market as well as news, insight and information on national and global high-end properties and markets.
For buyer and seller representation or real estate information in San Francisco or for a qualified luxury property referral in your specific area contact: Peggy and Kirk Economos, http://HomeSF.com , call: (415) 271-6390, or email: [email protected]