Single family homes continue to perform exceptionally well, with purchasers paying an average of 16% over list prices last month. Condominiums purchasers pay an average of 6% over list price. Both single family homes and condominiums are selling one week faster than they did in 2016.
Proposed Mission District Housing Developments Are Taller, More Colorful
San Francisco Development Report-June 2016
Fall San Francisco Real Estate Market Performs
The number of closings in October increased by nearly 40 percent versus the prior month, while total dollar volume increased by over 50 percent. The majority of properties (74 percent) sold in under 30 days and received 12 percent over the list price, on average. Tech Sector performance continues to fuel the steadfast demand. As an example, it is estimated that Bay Area venture capital funding is up approximately 25 percent year-to-date. Stock Markets have also made strides, with Reuters reporting that “The gains on the first trading day of the month followed the best monthly performance of the major indexes in four years in October.” The prospect of a December rate hike remains a possibility.
MEDIAN SALE PRICE
OCTOBER 2015 MEDIAN
CONDO/TIC | $1,100,000 | + 10% year-over-year
Single Family | $1,300,000 | + 9% year-over-year
MEDIAN NEIGBHORHOOD VALUES
Please Contact Franck Costa & Sara Werner Costa of The Costa Group, for your next home purchase or sale in San Francisco or Marin County.
San Francisco and Marin County Real Estate | Top 1% of Realtors | Award Winning | 415.730.2604 | costagroup@vanguardsf.com
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
SF Residential Development Newsletter | The Costa Group | Sept 2015
Wondering what's happening in the booming San Francisco Development World. Here is the latest news, stats, summaries, updates and building snapshots on all of San Francisco's current and upcoming exciting developments. Check out this amazing 32 page newsletter that covers all you need to know to plan your next real estate move.
- News and Highlights
- Market Performance
- Currently Selling
- Sold out and Re-sale
- Upcoming Developments
- Pipleline Summary
- Residential Supply
- New Density Bonus
Click Here for the SF Residential Development Newsletter>
To find out more about condominium values and real estate opportunities, please connect with The Costa Group.