The Feusier Octagon House on Russian Hill is one of two homes remaining in San Francisco as well as the Bay Area constructed in this unique eight-sided architectural style.
The San Francisco market continued its steady pace through the first quarter of the year. Single family home values performed consistently, as compared to the first quarter of last year, while the number of transactions increased by 4%. Condominium values posted a healthy gain of 5% in the first quarter, compared to the same period last year. Overall, San Francisco real estate remains strong going into the spring selling season.
2016 was a year of moderate growth for the San Francisco Real Estate Market. The overall median sale price for 2016 came to $1.2 million, an increase of 4%. Properties took a one week longer to sell a property in 2016, compared to 2015 Nationally, the labor market ended the year with an impressive unemployment rate of 4.7%, below the 5% natural rate of employment.