April 2019 WRAP-UP
The San Francisco housing market is running strong as we enter peak season. While the median single family home price ticked down 2% for April 2019 on a year over year basis, the number of homes sold increased a whopping 15% to a total of 219. The median market time is running 2 days higher than last year but still very competitive at 15 days. Nearly three out of four homes sold over their list price, with purchasers paying an average of 12.6% over asking. There are currently 232 single family homes listed for sale in San Francisco, ranging in list price from $670K to $45MM.
Condominiums and TIC's
Condominium sale prices remain at parity with the same time as last year, but saw a 5% spike in sales. Over half of condominiums sold over their list price, with purchasers paying an average of 5.1% over asking. There are currently 379 condominiums/TIC/COOPs listed for sale (excluding BMRs and senior housing), ranging in price from $488K to $17.5MM.
MEDIAN AREA VALUES
For past San Francisco market updates, please visit Vanguard Properties' archive.