An update on the San Francisco real estate market including median sale prices and top five sales for condminiums and single family homes.
The Costa Group Just Sold-July 2016
San Francisco Development Report-July 2016
San Francisco Market Update-July 2016
San Francisco Development Report-March 2016
News & Highlights
- The resale price per square foot is above $1,000 for the first time since December 2015.
- 60% more resale condominiums on the market in March VS February.
- 450 Hayes is almost completely sold while the 4th floor penthouses are priced at $1,700 per square foot.
- Sales have commenced at The Pacific Row House Collection with 5 of 10 units already in contract.
- Sales set to launch this month for 388 Fulton and 69 units in Hayes Valley.
- 5 market-rate units remain available at 1001 17th in Potrero Hill.
- More unit closings were released for Arden in Mission Bay with a price per square foot average of $1,015.
- Initial closings for Lumina Tower B have been released with a price per square foot of $1,170.
Market Performance
Residential Pipeline Summary
Projected & Historical Supply
If you are interested in a private showing of one of the many properties on the market in San Francisco or if you have a unit you are looking to list, contact The Costa Group.
San Francisco Market Update March 2016
The Middle Heats Up
February 2016 figures showed particular strength in the single family home sector. Specifically, the middle one-third of the market ($1.1MM - $1.6MM) experienced nearly double the level of appreciation, as compared to the top- and bottom-third of the market. The middle also saw the lowest Days on Market (13 days), and the highest sale-to-list price ratio (117%).
The national economy continues to show signs of strength, with recent reports showing better-than-expected gains in private sector employment. Furthermore, recent gains in oil prices helped global equity shares hit a two-month high. European and Asian equities rose on anticipation of further monetary easing in Europe, and stimulus measures in China. San Francisco Fed President John Williams stated that the U.S. economy is weathering difficulties in international markets, and that there is no tangible risk of a recession. In light of recent positive reports on the economy, it is expected that the Fed will resume their course of rate hikes this year.
Median Sale Price
February 2016 Median
Median Neighborhood Values
Condominiums:
Single Family Homes
If you are interested in buying or selling in San Francisco, The Costa Group can help.
Infographic: 12 facts about millennial homebuyers. Do you Agree?
Like all generations, the experiences millennials had in childhood and while in college have influenced their home buying decisions. Here are 12 facts about millennial homebuyers that are unique to this demographic. Are you a Millenial home buyer? Do you agree?
Embedded from The Propcy Blog
FED RATE HIKE LOOMS
Source: SFAR MLS, FRBSF; Data from 2/1/2015 - 7/31/2015 was used for neighborhood values. BMR and senior housing units have been excluded from statistics. All information is deemed reliable, but not guaranteed for accuracy. ©2015 Vanguard Properties. All rights reserved.
