San Francisco Real Estate : San Francisco Real Estate update

San Francisco Real Estate Blog... Recent sales, Active listings, plus News, Tips, and Trends in the current market.

San Francisco Real Estate update

San Francisco Q3 Print Real Estate Insights

san francisco median sales price graph

A Closer Look

From Q2 2015 to Q2 2016 the condominium inventory increased by 27%. However, the median sale price remained stable during that same time frame. This means that buyer demand is keeping up with the increase in supply. Another sign of the condo market's strength: while the current perception of the condo market appears more volatile than the SFR market, the bottom of each year continues to exceed that of the previous year.  In spite of the peaks and valleys of the last few years – often seasonal in nature – the market overall shows stability. This is not unexpected and is actually an indicator we might be entering a healthy, more balanced market. Some refer to this as a "soft landing," which is evidenced by increased Days on Market and a decrease in Percent of List Price Received. After the feverish growth of prior years, some leveling is inevitable and might be the most ideal outcome for the San Francisco housing market.

Average days on market

percent of list price received

 

  David Ames 

  Top Producer 

 

  DavidAmes@zephyrsf.com

  (415) 271-2071

Comment balloon 3 commentsDavid Ames • October 27 2016 11:43AM

Comments

This is good news. It has been crazy for a while. We still need more inventory here in parts of L.A., but overall I do think it is calming down a bit.

Posted by Jane Peters, Connecting you to the L.A. real estate market (Home Jane Realty) 8 months ago

I don't see the condo market as being more volatile. Based on the graphs, it's a good time to buy before prices start trending up again.

Posted by Olga Simoncelli, Broker-Owner, RE Consultant, Licensed in CT & NY (Veritas Prime, LLC) 8 months ago

Thank you for taking the time to prepare and share this vital data.  This is exactly the type of information that buyers and sellers need to make informed decisions. I'm sure they will appreciate your efforts! 

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) 8 months ago

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