This video is part of the Danielle Lazier + Associates 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 – February 2018
The number of active listings was down 37% from one year earlier and down 16% from the previous month.
As you can see, the median listing price for the month was $1.19 million, while the median sales price was just over $1.10 million.
Compared to last year, the average number of days that units spent on the market before being sold was up 8%. The number of units sold increased 22% year-over-year and increased 32% month-over-month.
The Take Home
- Number of active listings: Down 39% year-over-year
- Number of active listings: Down 16% month-over-month
- Median listing price: Just under $1.19 million
- Average number of days on the market before sale: Up 8%
So we’ve found a few amazing statistics about market updates in 2018 and how you can turn them to your advantage.. 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. We are simply the best solution!