San Francisco Real Estate Market Update - 2017 Wrap-Up
By Debra Donovan, San Francisco Real Estate
(Park North Real Estate)
Happy 2018!!2017 is now in the books, so here's a look back at how real estate fared last year. Not surprisingly it was all about inventory...or lack thereof. Median Sales Price:Unless you've been living under a rock, you probably already know that home sale prices increased in 2017. Single family homes ended the year with a 12-month rolling median price of $1,420,000, up 7.2%. Condos and lofts prices were up 5.5% to $1,155,000 for the year.2017 Median Price by Number of Bedrooms:I thought it would be interesting to see what the annual increase in median price for homes were when broken out by number of bedrooms. Single Family Homes:Two bedroom single family homes saw the greatest percentage of increase in median sales price, followed by 4+ bedrooms, and then 3-bedroom homes.One could ...
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