This little-known San Francisco neighborhood is suddenly one of the hottest housing markets in America — take a look

Excelsior is a small, often overlooked neighborhood in San Francisco. It's named for the Latin translation of "ever upward" — appropriate given Excelsior's sunny new outlook in the housing market.

In 2017, real-estate site Redfin named Excelsior the second hottest neighborhood in San Francisco, based the ranking on increases in internet traffic to listings there. Excelsior homes typically sell in 19 days at 111% of the listing price. The median sales price was $890,000.

I visited Excelsior to see why the under-the-radar neighborhood is making a splash.

SEE ALSO: Tour the obscure California city that's suddenly the hottest housing market in America

Located in the city's southern end, Excelsior has been called the "Siberia of San Francisco."

Source: San Francisco Chronicle

 

The mostly residential neighborhood isn't on the way to anything. You won't find startup offices or trendy restaurants in Excelsior. It's one of the last areas without a Starbucks.

But with the median home sales price topping $1.5 million in San Francisco, prospective homebuyers are giving Excelsior — an enclave for the working class — a second glance.

Source: San Francisco Business Times

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Contributer : Tech Insider http://ift.tt/2wh14DN

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