SAN FRANCISCO MARKET UPDATE
The median sale price continues to push towards new heights and hit $1.625MM for the month of May; a 10% increase from May 2017, and a 2% decrease from April 2018. Meanwhile, the median days on market is at 14; which remains consistent with last year, and an 8% increase from last month.
- There are currently 213 single family homes listed for sale in San Francisco, which translates to just under a month’s supply.
- When looking across neighborhoods, Westwood Park/Sunnyside, Sunset, Potrero Hill, and Pacific/Presidio Heights all saw significant increases in sales over list price.
Similarly, the values of condominiums and TIC's continue to rise. The median sale price for the month of May has reached $1.275MM; a 6% increase from May 2017 and a 2% increase from April 2018. The median days on market is at a current low of 14 days, a 36% decrease from this time last year.
- There are currently 400 condominiums/TIC listed for sale in San Francisco, which translates to just under a month and a half’s supply.
- Sunset, Potrero Hill, Lower Pacific/Presidio Heights, and Cole Valley/Haight all saw significant increases in sales over list price.
MEDIAN AREA VALUES
For past San Francisco market updates, please visit Vanguard Properties' archive.