# Luxury housing surges in San Francisco

**Published by:** [Brandon Donnelly](https://brandondonnelly.com/)
**Published on:** 2021-02-12
**Categories:** bay-area, financial-times, housing, housing-market, luxury-housing, median-rents, real-estate, san-francisco, silicon-valley
**URL:** https://brandondonnelly.com/luxury-housing-surges-in-san-francisco

## Content

The story of two markets continues. Median rents in San Francisco are down some 27% percent over the last year. Sales of homes priced under $300,000 are down by about a fifth. And yet, according to the Financial Times, sales are up significantly for homes priced above $2 million. For the top 5% of homes, prices ended the year up about 26.5%. Overall, the median home price in San Francisco was up 16.8% last year. It now sits at $718,000. As we've talked about before, much of this can be chalked up to the fact that the financial impacts of this current environment are being unequally felt. But I also see it as evidence that, despite all of the media headlines, many/most people aren't actually betting against cities. Chart: FT

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