March 2018 - San Francisco Homes Market Update

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SF MARKET UPDATE - MARCH 2018

The single family median home price has surpassed $1.7MM for the first time, representing a year-over-year gain of 33% for the month of February. This increase in median sale price occurred while the number of transactions decreased by 11%. Tight inventory levels and multiple offer transactions contributed to this dramatic increase in the single family median sale price. 

MEDIAN DAYS ON MARKET

Condo/TIC
15 Days (0 change from 2017)
Single Family
13 Days (-4 from 2017)

83% of single family homes last month sold in under 30 days.

MEDIAN SALE PRICE

Condo/TIC
$1,200,000 (0 change from 2017)
Single Family Home
$1,715,000 (+33% change from 2017)

10 YEAR APPRECIATION RATE

Condominiums 5%
Single Family Homes 9%

NUMBER OF SALES

Condo/TIC
163 (+6% from 2017)
Single Family
98 (-11% year-over-year)
There is a seasonable build up of inventory, though still limited. Bidding is competitive, so come prepared, do your homework!

HOME VALUES BY NEIGHBORHOOD

 
 

CYNTHIA PALMER | Vanguard Properties | SAN FRANCISCO AND WINE COUNTRY REAL ESTATE | Realtor Lic #01445659

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