The overall year-to-date median sale price in San Francisco has performed well, posting a gain of 6%. There have been nearly 700 transactions this year, on pace with last year's figures. It is widely expected to be a fruitful spring selling season. Currently, there is just a two-month supply of homes available.
Nationally, the labor market is reported to be near full employment, with an unemployment rate of 4.8 percent. Along with strengthening inflation, the Fed has significant impetus to increase rates further. The average 30-year fixed rate mortgage has been rising gradually, with the most recent reading coming in at 4.10 percent, up from 3.64 percent one year ago.
MEDIAN SALE PRICE
MEDIAN NEIGHBORHOOD VALUES
Condominiums
The most affordable areas in San Francisco to purchase a condo are Excelsior/Portola, Bayview/Hunters Point and the Richmond district. Pacific/Presidio Heights, Nob Hill, Russian Hill, Hayes Valley and the SOMA/Yerba Buena neighborhoods top the list at over $1000/square foot
Single Family Homes
When it comes to single family homes, Excelsior/Portola, Bayview/Hunters Point, Diamond Heights and SOMA are most affordable while Pacific/Presidio Heights, Marina/Cow Hollow and Russian Hill are once again the most expensive.
TOP FIVE SALES
Condominiums
Single Family Homes
From the streets of San Francisco to the hills of Marin County, The Costa Group provides extraordinary service to elevate your life and bring you home. To learn more about us, we invite you to read what our clients have to say about working with The Costa Group.
