While waiting for the 2016 real estate market to really wake up and start generating useful statistical data, below is a look at San Francisco house and condo values over the past 5 years, broken out by neighborhood. In most districts, the market bottomed out in 2011, and the current market recovery began in 2012.
Median sales price is a very general statistic, often concealing an enormous variety of values in the underlying individual sales. It can be and often is affected by other factors besides changes in fair market value, such as changes in the inventory available to purchase, and major changes in the distressed property, luxury home, or new home construction segments. Sometimes median prices fluctuate without any great significance: substantially different groups of homes (larger, smaller, older, newer, etc.) simply sold in different periods. Assessing appreciation by changes in dollar per square foot values, instead of by median sales prices, can sometimes deliver significantly different appreciation rates.