Tag: Q4 2016
Much of the market’s activity in Q4 2016 directly correlates to typical patterns we see in an election year.
Defined by the top 10% of an area’s sales, the luxury market experienced massive growth in what can best be described as a late-year breakthrough.
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.
SF condos performed in stable fashion relative to recent activity, with neither the $1.23M average sale or the 600 units sold showing noticeable deviation from the previous year.
The Mid-Peninsula’s $1.66 million average home sale was the second-highest in market history, and a 6 percent gain from the previous year.