An Exciting Year for SF Real Estate

My office put together a year-end report for San Francisco real estate activity in 2017. It was a great year! The median sales price for both single family homes and condos was up 9% throughout the city. Properties sold quickly and at higher prices than at any point in San Francisco’s long, rich history. Neighborhoods like Cole Valley and Hayes Valley saw the highest increase in median sales price, though not as many properties sold in those areas than in the previous year. Other neighborhoods like SOMA and South Beach saw an increase in the number of properties sold. There were 976 condos and lofts that sold in SOMA/South Beach, which was not a large increase over the previous year’s number of sales, however condos sold fast, reflecting the ongoing demand to live those neighborhoods. The median sales price for condos and lofts in SOMA/SouthBeach also increased by 5.9%. And as sellers gain more confidence we will expect to see more properties coming on the market as our spring season gets underway.  Read the report.

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