Accept

We use cookies in order to save your preferences so we can provide a feature-rich, personalized website experience. We also use functionality from third-party vendors who may add additional cookies of their own (e.g. Analytics, Maps, Chat, etc). Read more about cookies in our Privacy Policy and Terms of Service. If you do not accept our use of Cookies, please do not use the website.

Header Image

San Francisco Real Estate Market Update: August 2018

August 27 2018
August 27 2018

Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end.

Facebook’s dramatic 20% share price one-day drop (it’s still down over 17%) and Netflix’s 18% share price decrease may have injected further buyer caution in a market where prices were already showing signs of leveling off.

However, San Francisco home sales prices inched up, though condo sales prices were down slightly.

Single Family Homes:

The three-month rolling average median sales price of $1,627,925 is up 12.6% over last year’s.

Year-to-date, new listings are down 2.0% while sales are up 0.4%.

July’s inventory of 1.8 months is 16% lower than in 2017.

85% of homes sold over their list price and the median percent of list price received was 114%.

Condo/Loft/TIC’s:

The three-month rolling average median sales price of $1,193,611 is up 4.4% over last year’s.

Year-to-date, new listings are up 1.2% while sales are up 8.8%.

July’s inventory of 1.8 months is 17% lower than in 2017.

66% of condo/loft/TIC’s sold over their list price and the median percent of list price received was
105%.

 

 

 

 

 

 


Comments:

Leave a Comment

Name*
Email Help Tip
Website
Comment*
Characters Remaining: 5000