San Francisco And The Bay Area

San Francisco and the Bay Area
 
Prime Residential Markets

18 April 2016, by Paul Tostevin

Prime property is found throughout the Bay Area, from urban addresses in San Francisco and Oakland, suburban communities in the Silicon Valley through to the wine country of Napa and Sonoma

 

▼ Click on the map to enlarge

 

 
Prime Residential Markets Of San Francisco Bay Area

Source: Savills World Research, MLS

Sonoma county

Sonoma is a major wine producing county, and an affordable alternative to Marin County. It offers redwood forests, rivers and Pacific coastline. Small touristic towns such as Healdsburg and Sonoma house the county’s most expensive real estate.

Napa county

Napa is recognized worldwide for the wine it produces, and is home to more than 400 wineries also generating a thriving tourism industry. Residential prices have doubled since 2010 as buyers priced out of neighboring Marin County sought out Napa as a more affordable North Bay alternative. Yountville, in the heart of Napa Valley and home to three Michelin-starred restaurants, is the county’s most expensive sub-market.

East Bay

East Bay comprises Contra Costa and Alameda Counties. It is the most affordable of the Bay Area regions. Oakland, the largest city, has benefited from spill-over demand from those priced out of San Francisco. East Bay is home to internationally regarded UC Berkeley, the largest employer in the county. Prime property is concentrated in towns surrounding Mount Diablo, while Piedmont, a wealthy suburban district adjoining Oakland, is the county’s second most expensive area.

San Mateo county

San Mateo County hosts the northern end of Silicon Valley and its most in-demand prime residential neighborhoods. The headquarters of Facebook are found here, while Sand Hill Road and Menlo Park – the Bay Area’s hubs for venture capital – are at its southern tip. Wealth created in these enclaves has driven demand for prime property. Atherton, a district of large properties immediately adjacent to these wealth generators has seen demand, and prices, soar. Hillsborough and Woodside are prime neighborhoods with direct access to the mountain nature preserves that make up the western portion of the county.

San Francisco

Occupying an area of 47 square miles and home to 850,000 people, San Francisco is the second most densely populated city in the US after New York City. It is the creative and commercial center of Northern California and a global city. Prime property is in high demand, led by established prime neighborhoods such as Presidio Heights, Pacific Heights and Nob Hill. Others are rapidly gentrifying, Hayes Valley, the Mission District and Mid-Market have all seen an influx of tech firms and demand for quality homes has grown.

Marin county

A mountainous peninsula with a Pacific coastline to the west, Marin offers outdoor lifestyle within direct reach of the city of San Francisco, via the Golden Gate Bridge. Marin County’s most desirable prime districts are at its southern tip. A record $47.5 million was paid for a Belvedere Island mansion in 2015, beating the previous Bay Area record by $12 million. Other prime districts include Sausalito, a popular tourist destination a ferry ride from the city, and Ross and Kentfield, home to spacious properties adjoining San Rafael, the county seat.

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Key Contacts

Paul Tostevin

Paul Tostevin

Associate Director
World Research

Savills Margaret Street

+44 (0) 20 7016 3883

 

Yolande Barnes

Yolande Barnes

Director
World Research

Savills Margaret Street

+44 (0) 20 7409 8899

 

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