Some neighborhoods in San Francisco reported home prices surging by 51 percent in May after the city elected a crime-fighting mayor and artificial intelligence jobs boomed, according to Realtor.com data released this month.
Median home list prices in the iconic neighborhoods of Nob Hill, Union Square, and even parts of the crime-riddled Tenderloin district jumped 51 percent from May 2024, the organization reported.
A contributing factor has been Mayor Daniel Lurie, according to Realtor.com.
After taking office in January, Lurie has tackled crime and open drug use, and cleaned up street encampments.
Also, the city’s tech industry has taken off with a boom in the AI sector. Venture capital continues to pour into the city, according to the CBRE Group, the world’s largest commercial real estate services and investment firm….