This video is part of the SFhotlist Monthly Market Update Video Series. Each week, we provide you with a short video with updated information about San Francisco real estate and the neighborhoods you love. Let us know if there is something specific you’d like to know.
San Francisco Condominiums – Real Estate Market Update – August 2015
Let’s take a look at San Francisco condominiums this past August.
The number of active listings was down 28% from one year earlier and was down 12% from the previous month.
The median listing price for the month was just under $1 million, while the median sales price was just under $1.05 million.
Compared to last year, San Francisco condominiums are moving slower. The average number of days units spent on the market before being sold was down 9%.
Inventory continues to be low – the number of units sold decreased 25% year-over-year and decreased 18% month-over-month.
The Take Home
- Number of active listings: Down 28% year-over-year
- Number of active listings: Down 12% month-over-month
- Median listing price: Just under $1 million
- Average number of days on the market before sale: Down 9%
If you, a friend, or a colleague is interested in buying San Francisco condominiums, let’s talk about it. We’ll find a property you’ll love.