NOVEMBER 2018 WRAP-UP: SINGLE FAMILY RESIDENCES
A trend of market balance is emerging as we approach the end of 2018. November was relatively calmer compared with earlier months. Sales of single family homes were down 15% compared with last year, while the number of properties for sale remains low.
While the median sale price of single family homes citywide fell 3.5%, the price per square foot rose 3.8%. Three-quarters of homes sold over their list price, recognizing a combined average of 111.6% total list price received.
Neighborhoods that saw the largest sales over list price include Exelsior, Portola, Sunset, Westwood Park and Sunnyside.
YEAR-OVER-YEAR COMPARISON: SINGLE FAMILY RESIDENCES
YEAR-TO-DATE 2018: SINGLE FAMILY RESIDENCES
MEDIAN AREA VALUES: SINGLE FAMILY RESIDENCES