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. This week we cover San Francisco condominiums. Let us know if there is something specific you’d like to know.
San Francisco Condominiums Market Update – March 2017
The number of active listings was down 30% from one year earlier and down 16% from the previous month.
As you can see, the median listing price for the month was $1.25 million, while the median sales price was just under $1.15 million.
Compared to last year, the average number of days that units spent on the market before being sold did not change. The number of units sold increased 6% year-over-year and increased 68% month-over-month.
The Take Home
- Number of active listings: Down 30% year-over-year
- Number of active listings: Down 16% month-over-month
- Median listing price: $1.25 million
- Average number of days on the market before sale: Did not change
If you’d like to know more about San Francisco condominiums or anything else about the latest in San Francisco real estate, don’t hesitate to reach out. Let’s talk!