San Francisco Market Update-September 2016

The strength of the San Francisco residential market is evidenced by the recent level of investment by industry players. Compass Real Estate, based in New York City, recently announced plans to expand its presence into San Francisco. The Company, recently valued at $1B, is backed by investors such as Peter Thiel and Marc Benioff. Climb Real Estate also just announced that it has sold out to NRT, the countryโ€™s largest residential brokerage. NRT is a subsidiary of Realogy (NYSE: RLGY), known for its Sothebyโ€™s International Realty and Coldwell Banker brands. Keller Williams also recently joined the rank of national brands vying for a position in the San Francisco market. With an average single family home price nearing $1.7MM, San Francisco continues to be a highly-regarded and watched market on the national stage.

MEDIAN SALE PRICE

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MEDIAN NEIGHBORHOOD VALUES

Condominiums

Single Family Homes

Telegraph Hill, the Presido, Russian Hill and Nob Hill all remain at the highest price per square foot while BayView/Hunters Point, Diamond Heights and Excelsior/Portola offer the lowest price per square foot. SOMA< Sunset, Mission and Richmond all offer a reasonable price per square foot as do Cole Valley and Bernal Heights.

TOP 5 SALES-CONDOMINIUMS

Three of the top five condo sales were in Pacific Heights, one of the most sought-after areas in the city.

TOP 5 SALES-SINGLE FAMILY HOMES

Two home in the Marina District made the top five this month, both with sale prices over the $4.5 million mark.

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