Financial District / Barbary Coast

Neighborhood Overview

Financial District / Barbary Coast

Although the term "Barbary Coast" is derived from the 18th century reference to the wild coast of North Africa, it has become synonymous with pirates and debauchery. Thus, during the Gold Rush era of San Francisco, the nine-block area bounded by Montgomery Street, Washington Street, Stockton Street and Broadway became known as the Barbary Coast. Abandoned ships ultimately sunk and were covered with landfill and have continued to be uncovered during construction as late as 2001. The Financial District, predominately a commercial center of historic banks built on Gold Rush fortunes and high-rise office buildings, offers a smattering of upscale apartments and condominiums - and the demand is growing. Four-star, expense account restaurants and hotels, as well as services of all kinds, are never more than a block away. Green space can be found if you're persistent: Jackson Square Park, near the Embarcadero Center, is the perfect place for a refreshing, sunny picnic lunch. Hidden between the famous TransAmerica Pyramid and another high rise, you'll find TransAmerica Redwood Park, a tiny sanctuary where busy stockbrokers take a break to watch Chinese grandmas practice their Tai Chi.
  • Zip Code(s): 94111, 94108, 94104, 94133

Financial District / Barbary Coast Demographics

Total Population in 94111: 3,335
Gender
 Male: 53.40%
 Female: 46.60%
Median Age: 50.80 years
Population Under 5 Years Old: 1.70%
Population 65 Years Old and Over: 24.60%
Average Household Size: 1.45
Median Household Income: $56569
Occupied Housing Units
 Owner Occupied:24.20%
 Renter Occupied:75.80%
Bachelor's Degree or Higher: 57.30%
Race
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Hispanic or Latino (of any race):3.30%
Foreign Born 36.40%
Speak Language Other Than English at Home: 35.60

Data source: US Census

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The SF Inventory is Finally Arriving

Buyers and Realtors have been complaining about the lack of residential inventory in San Francisco since earlier this year. Indeed, it seems like buyers are fully engaged in our single-family home, condo and multi-unit offerings and have hit the market looking for property all at the same time. That means that for every cool house in a central location, there are 10-15 sets of buyers waiting to pounce.

Buyers Will Pay For "Done," Even in So-So Locations

Despite most San Francisco buyers' firm proclamation at the outset of their house hunt that they won't pay for someone else's renovation, many are doing just that. One trend that doesn't appear to be slowing is that of buyers snatching up fully renovated single-family homes---and paying dearly for them, even if the homes are not in prime locations within a given neighborhood. (Because not everyone can afford a newly renovated home in the heart of Noe Valley, right?)

If You're Into Recycling, You'll Love These Two New Programs

For someone like me who would recycle dryer lint if I could, these two new programs may appeal to your inner green as much as they did mine.

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