A surge in sales of luxury-priced homes in the city gave way to Q4 2016 seeing the highest average home sales price in market history.
Subscribe to Discover the Best of the Bay Area
With an average home sale of $1.608 million, San Francisco experienced a modest 4 percent year-over-year gain.
In the midst of the city’s frantic demand and price escalations during 2015’s peak months, San Francisco witnessed a more balanced and stable market this quarter.
The average San Francisco home sale of $1.689 million marked both the highest Q1 average sales price and the second-highest average sales price for any quarter in the city’s history.