12 January

SF Residential Housing Market Trends: December 2017 Featured

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December sales data further supported an overall trend for San Francisco’s housing market in 2017:  low inventory combined with homes selling in fewer days for higher prices. 

Recently released report by SF Association of Realtors shows the following trends: 

Median Sales Price (“MSP”) of single family homes was equal to $1.475M, a +13.3% increase compared to December 2016.  MSP for Condo/TIC/Coop properties reached a historic high of $1.135M, a +12.3% increase v. the same time last year. 

72% of single family homes sold above their list price and those that fell into this category received 114% of their asking price.  As a way of comparison, 56% of Condo/TIC/Coop properties sold above their asking price, receiving 104% of their list price.  

Existing housing and economic indicators give reason for optimism, with or without new federal tax legislation. 

With best wishes,

KATE STANTON

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com 

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

Read 1302 times Last modified on Friday, 12 January 2018 23:33
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About Kate

As a long-term resident of San Francisco, Kate is well familiar with the city’s past and present. With her professional background and deep knowledge of the local housing market, Kate is in the position to best assist with your real estate needs. Should you be looking for a recommendation on the upcoming cultural or social events and/or if you need a trusted local real estate advisor, ask Kate – San Francisco is her HOME.

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1801 Lombard Street, San Francisco, CA 94123

Mobile: +1.415.601.0926

Email: ekaterina.batz@gmail.com

Associate Broker

CalBRE No:  01445813

 

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