|The median sales price for single-family homes in San Francisco for September 2015 was $1,170,000. This represents an increase of 12.5%, or $130,000 compared to September 2014. Surprisingly, condos have also seen a $130,000 increase in median sales price, or 14.2%, to $1,045,000 for the same year-over-year comparison. Average days on market has remained pretty steady for single-family homes with a slight increase from 27 to 28 days; condos have seen a slight decrease from 39 to 37 days. The pressure of low inventory continues to have an impact on sales price. Speaking of inventory, there were 1,485 homes for sale (single-family and condos combined) during the month of September, which is a slight decrease of 3.3% compared to the same month last year. Prices are staying strong, with single-family homes selling at 116.6% of the original asking price and condos selling at 107.3% of original price. As always, real estate is local, so what’s happening on a city-wide level may be different in your neighborhood or even your street.|
|Sales pace can vary widely across different areas of the City. Most areas, with a couple exceptions, have seen a year-over-year decrease in units sold comparing September 2014 to September 2015.|
District Definitions: 1: Jordan Park/Laurel Heights, Lone Mountain, Lake Street, Sea Cliff and all Richmond. 2: All Sunset, all Parkside and Golden Gate Heights. 3: Stonestown, Pine Lake Park, Merced Manor, Ingleside Heights, Oceanview. 4: Sunnyside, Miraloma Park, St. Francis Wood, West Portal, Diamond Heights. 5: Noe Valley, Glen Park, Eureka Valley/Dolores Heights, Haight Ashbury, Mission Dolores. 6: Lower Pacific Heights, Western Addition, Hayes Valley, NOPA, Alamo Square. 7: Marina, Cow Hollow, Pacific Heights, Presidio Heights. 8: Van Ness/Civic Center, FiDi, Nob Hill, Russian Hill, North Beach. 9: SOMA, South Beach, Potrero, Bernal, Inner Mission. 10: Bayview, Portola, Excelsior, Crocker Amazon, Silver Terrace.