Last month represented the strongest year-over-year gains in median values this year, with both condominium/TIC and single family seeing double digit percentage increases. Single family values continued to be the shining star, with purchasers paying an average of 16% over list price, versus 6% for condominium/TIC. The single family median home price for the City has now passed the $1.5MM mark. Sunset and Parkside continued to see the greatest pressure, with purchasers paying an average of 25% over list price. Another market segment which saw exceptional performance was the middle price tier of $1.2MM to $1.8MM, with purchasers paying an average of 22% over list price. Single family homes over $3MM have also performed well as of late, with a 31% increase in the number of transactions year-to-date, as compared to last year. However, there is currently a three month supply of homes in this price tier, as compared to one month in the overall market. Condominium/TIC performance is also on the upswing, with a ten percent year-over-year gain, and having reached a notable median sale price of $1.2MM.
MEDIAN SALE PRICE
MEDIAN NEIGHBORHOOD VALUES
CONDOMINIUM
SINGLE FAMILY
TOP FIVE SALES - CONDOMINIUM
TOP FIVE SALES - SINGLE FAMILY
Whether you are looking to buy, sell or invest in San Francisco or Marin County, The Costa Group provides extraordinary service to elevate your life and bring you home. Learn more about us by reading our client's Raves & Reviews.
