San Francisco Real Estate Market Update: July 2019
By Debra Donovan, San Francisco Real Estate
(Park North Real Estate)
We're half way through 2019 and the San Francisco real estate market is heating up again. Median sales prices soared in June, reaching new highs. Expect the summer months to slow slightly before the market takes off again for the Fall selling season. Happy Summer! Median Sales Price:After a pretty lackluster first quarter, where home sale prices fell compared to the 4th quarer of 2018, there was a palpable shift as we headed into the Spring months of April and May. Those results are finally coming to light as home prices soared to a new high for June, a reflection of sales of properties that went on the market and into contract in April and May. Single family home prices shot up to over $1.7 Million, more than 8% higher than the same month last year. Condos and lofts prices grew 11% ye...
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