FEBRUARY 2019 WRAP-UP: SINGLE FAMILY RESIDENCES
February sale prices of single family homes hit a median of just over $1.5MM, representing a 10% decrease from the same time last year. However, about 4% more homes were sold on a year-over-year basis. Most homes also continue to sell well over asking, with purchasers paying an average of nearly 13% over list price.
Now is the perfect time for prospective buyers who have been waiting for their opportunity to purchase a home; with many large local companies preparing to go public, and the shortage of new inventory being built, we are likely to see a significant surge in property value in the months ahead. Currently, there are 205 single family homes listed for sale in San Francisco, ranging from $630K to $29MM.
YEAR-OVER-YEAR COMPARISON: SINGLE FAMILY RESIDENCES
YEAR-TO-DATE 2018: SINGLE FAMILY RESIDENCES
CHANGE IN PAST MONTH:
SALE PRICE +9% DAYS ON MARKET -55%
MEDIAN AREA VALUES: SINGLE FAMILY RESIDENCES