In the past decade, San Francisco’s median single-family home sales prices recovered from a devastating decline in the financial and housing crisis to rise 130% – from $688,000 to $1,577.500. Condo/loft/TIC sold prices rose 94%, from $645,000 to $1,250,000. These rises compare to the median household income increase over the Read More
San Francisco Real Estate Market
San Francisco Real Estate Market Report – December 2019
The median sale price for single-family homes and condo/loft/TICs continues to fluctuate. In spite of the volatility, prices are still up compared with last year. It’s important to keep in mind that while the prices are up from last year, the market in San Francisco is behaving quite differently. The Read More
San Francisco Real Estate Market Report – November 2019
October sold prices reversed a three-month downward trend and are now at an appreciation level of 3.5%, approximately equal to the average annual national appreciation for the past fifty years. For the third straight month, San Francisco’s median sold price for condo/loft/TIC’s hit another new high: $1,310,000. This represents an Read More
San Francisco Real Estate Market Report – October 2019
The IPO market that has fueled much of the San Francisco home-buying ebulliency has cooled considerably, and the trade wars with both Europe and China have added to buyer hesitation. These changes may partially explain why San Francisco single-family home prices declined for the third straight month which, in and Read More
San Francisco Real Estate Market Report – September 2019
Once again, San Francisco’s median sold price for condo/loft/TIC’s has hit a new high – $1,270,000. However, the sold price per square foot was down slightly to $1,161. Meanwhile, single-family home prices dropped slightly from July, showing fairly typical seasonality. Year-on-year, they are still up a fraction, 0.7%. The number Read More
San Francisco Real Estate Market Report – August 2019
San Francisco’s median sold price for condo/loft/TIC’s hit a new high in July, at $1,250,000. Single-family homes were slightly off their June all-time high of $1,700,000 but still posted the second highest price month ever at $1,660,000. Not surprisingly, sold prices per square foot also hit all-time highs, at $1,002 Read More
San Francisco Real Estate Market Report – July 2019
The June market reflected continued strong demand and low inventory. However, signs are there that the market is shifting/turning, with a lot of negative numbers in year-over-year comparisons. This could be good news for buyers but inventory will have to rise in the entry-level sector for first-time buyers to really Read More
San Francisco Real Estate Market Report – June 2019
The median sale price for both single-family homes and condo/TIC/lofts rose in May. The seasonal heating up of the market over the summer, combined with low interest rates, has encouraged buyers to jump back into the market. While inventory levels continue to climb relative to 2018, they’re still objectively low, Read More
San Francisco Real Estate Market Update – May 2019
The best job market in five years and very low-interest rates are both contributing to keeping home and condominium sales prices steady in San Francisco. San Francisco’s single-family home median sales prices are down just slightly from a year ago. Condominium prices are flat. Days on market has risen somewhat Read More
San Francisco Real Estate Market Update – April 2019
While San Francisco’s single-family home sales prices rebounded in March, they are still down 4% from 2018’s level. And although inventory has risen, it remains very low. The available inventory is selling fast, just not as fast as last year, and with fewer buyers competing for it in multiple offer Read More
San Francisco Real Estate Market Update – March 2019
Further signs of a cooling market are showing up in the San Francisco housing market data. February continued the trend downwards in median sales price for single family homes, dropping 2.4% year-on-year. Condos eked out a 0.87% increase. Another indicator is climbing Days on Market for single family homes, up Read More
San Francisco Real Estate Market Update – February 2019
As we mentioned here last month, 2018 was probably the start of the leveling off of the very frothy San Francisco housing market. Indeed, January continued the trend downwards in the median sales price for both single family homes and condos, dropping to $1,483,333 and $1,183,333, respectively. There were across Read More