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
15 Days (0 change from 2017)
13 Days (-4 from 2017)
83% of single family homes last month sold in under 30 days.
MEDIAN SALE PRICE
$1,200,000 (0 change from 2017)
Single Family Home
$1,715,000 (+33% change from 2017)
10 YEAR APPRECIATION RATE
Single Family Homes 9%
NUMBER OF SALES
163 (+6% from 2017)
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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