Fifteen years ago, no one would have thought to find one of San Francisco's ultra-chic corridors in Hayes Valley. But over the past decade, the neighborhood has developed into a haven for haute couture. Now there are trendy fashion boutiques, SoHo-style funky art galleries, high-end interior-decorating shops, top-notch restaurants and hip nightspots, making Hayes Valley a destination spot. Hayes Valley retains a strong sense of community and a nonexclusive feel despite the fast build-up and high price tags. The combination results in a wide diversity in clientele.
The market has continued to prove that inventory is the key to sales. Available listed properties have remained constrained, and well cared for homes that are priced appropriately receive lots of attention, with serious buyers willing to stretch their budgets to successfully complete a purchase. With the constraints on foreign economies, there is less pressure from non-resident buyers, and although there is activity across all price ranges, the sweet spot seems to be in the starter to mid-level price points in most communities.