The San Francisco luxury home market has traditionally been entrenched in the city’s long-established northern neighborhoods, from Sea Cliff through Pacific Heights and up to Telegraph Hill. While those neighborhoods are still filled with huge and very expensive homes, property values on the southern side of the city have soared so high that, according to new research from Paragon Real Estate, a greater percentage of $2 million+ single-family home sales now take place in the Noe/Eureka/Cole Valley districts than in the prestigious northern neighborhoods. Just five years ago those older neighborhoods, which are lumped together as “Prestige North” had 62 percent of sales over $2 million. Now they only have 24 percent of those sales, while the Noe/Eureka/Cole area has 40 percent.

via Curbed SF : The San Francisco Neighborhoods and Real Estate Blog.