Hill & Co. Real Estate, San Francisco’s premier residential real estate brokerage, released its 3rd Quarter 2016 San Francisco Real Estate Report today.
For the past several years San Francisco has seen some jaw dropping increases in home values year-over-year. During the 3rd quarter of 2016, sale prices were generally up each month, but not dramatically so in comparison to what had been seen previously. Single family homes under $2 million dollars continued to sell well. Condos, after reaching a record breaking high for median price in June, came down in value a bit over the past three months. Nevertheless, the median price for condos remained just above the $1,000,000 mark.
Some would say the market is flat, but that description might not apply in all categories, and in all neighborhoods. Overall, the market seems to be in better balance than it has been in recent years. As in previous years, there will likely be a decline in inventory after October through the end of the year.
The report features a number of charts, including second quarter home sales by neighborhood. This chart has information on the number of sales in each neighborhood, along with median sale prices, percent of change year-over-year, days on market, median price per square foot and the most expensive sale in the quarter.
The entire report can be found at: http://bit.ly/2dZSEKP.