San Francisco Condos | Q2 2017

|August 10, 2017

The city’s $1.33 million average sales price for condo units was 6 percent above the year-over-year price of $1.26 million. This also marked the fifteenth consecutive quarter in which city units have averaged more than $1 million, indicating a prolonged pattern of both predictability and strength. The second quarter has proven to be a performer and this trend continued with 659 sales, up 11 percent year-over-year. The average 33 DOM was also an improvement from the 34 in Q2 of last year.

San Francisco Condo Trends | Q2 2017

AVERAGE SALES PRICE BY NEIGHBORHOOD – THE TOP 10
Double digit percentage gains were made in almost every one of the city’s condominium sectors. Among the most impressive was a 69 percent year-over-year gain in Russian Hill, where the average sales price came in at $2.52 million (second highest in the city)—followed by Jordan Park/Laurel Heights at $1.766 million, and the Inner Sunset at $1.71 million. Presidio Heights posted the highest average sales price for condominiums in Q2 at $2.57 million, but was actually 11 percent less than where it was during this same time last year.

San Francisco Condo Trends | Q2 2017

SALES PRICE CHANGE
The stabilized pricing in the condominium market seen over the past two years has created for a market in which buyers and sellers both have a good idea of what to expect. As such, there was no change between Q2 this year and last. Those who required no price change netted a healthy 7 percent on top of initial listing price, while other sellers recovered 92 percent of their initial asking price.

San Francisco Condo Trends | Q2 2017


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Category Market Reports, Quarterly Report, San Francisco

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McGuire Real Estate

McGuire Real Estate

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