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 – August 2016
The number of active listings was up 4% from one year earlier and down 14% from the previous month.
As you can see, the median listing price for the month was just over $1 million, while the median sales price was just over $1.05 million.
Compared to last year, the average number of days that units spent on the market before being sold was up 58%. The number of units sold increased 4% year-over-year and decreased 4% month-over-month.
The Take Home
- Number of active listings: Up 4% year-over-year
- Number of active listings: Down 14% month-over-month
- Median listing price: $1.02 million
- Average number of days on the market before sale: Up 58%
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!