Trends At a Glance --------------------Feb 2012 Previous Month Year-over Year Median Price $430,000 $434,450 (-1.0%) $462,500 (-7.0%) Average Price $452,773 $460,475 (-1.7%) $461,690 (-1.9%) No. of Sales 11 24 (-54.2%) 18 (-38.9%) Pending Properties 71 52 (+36.5%) 37 (+91.9%) Active 42 55 (-23.6%) 57 (-26.3%) Sale vs. List Price 100.6% 99.8% (+0.9%) 95.1% (+5.8%) Days on Market 36 70 (-48.9%) 76 (-53.2%)
For complete statistics go to my site and click " San Mateo Monthly Market Condition" about the middle of the page then click South San Francisco.
ZIP Code: 94080 Approximate Location Boundaries: Located just south of Daly City and San Francisco and north of the city of San Bruno
Location Characteristics: The city lies north of San Francisco International Airport in a small valley between San Bruno Mountain and the Coast Range. The city is served by two major highways, U.S. Highway 101 (the Bayshore Freeway) and Interstate 280. A BART station opened in South San Francisco in 2003, supplementing Caltrain service to San Francisco and San Jose. The city's small downtown and several aging residential subdivisions are located west of the Highway 101, while the area east of Highway 101 is dominated by bland industrial complexes interspersed with futuristic office parks. The extreme western portions of the city near Interstate 280 sit along a hillside and offer views of San Francisco Bay. The southern part of the city, closest to the airport, is home to a large number of car repair shops, airport parking lots, and airport hotels.
Locals refer to the town as "South City," in much the same way that San Francisco is called "The City." People unfamiliar with the area often mistake South San Francisco as the southern part of the city of San Francisco. South San Francisco is considered to be an important hub of the biotech industry. The city is home to Genentech, one of the world's largest biotech companies. Many other biotech companies have also started or moved to South San Francisco to be in proximity to Genentech, as well as UCSF, Stanford University, and UC Berkeley; all within a one hour drive. Additionally, South San Francisco's office parks and industrial zoning are favorable to meet needs of the biotech industry.
About Andrew La Mont:
20+ years experience. Office in San Francisco and Millbrae. I currently do about 50% of my business in San Francisco and 50% in northern San Mateo County.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
