17 September

August 2018 - SF Housing Market Trends (Resales) Featured

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August 2018 housing stats report was recently released by SF Association of Realtors.  It shows the following local real estate trends: 

·    Median Sales Price (“MSP”) of single family homes reached $1.55M, an +12.5% increase compared to August 2017.  MSP for Condo/TIC/Coop properties was equal to $1.249M, a +6.3% increase v. the same time last year

·    82% of single family homes sold above their list price and those that fell into this category received 114% of their asking price.  As a way of comparison, 59% of Condo/TIC/Coop properties sold above their asking price, receiving 106% of their list price.  

Of note from the report:

  • Rising home prices, higher interest rates and increased building material costs have pressured housing affordability to a ten-year low, per NAR;
  • The fact remains that the trends do not yet support a dramatic shift away from what has been experienced over the last several years;
  • Housing starts are performing admirable, prices are still inching upward, supply remains low and consumers are optimistic

For more details, please download the enclosed copy of the report.   

With best wishes,

KATE BATZOGLOU

Associate Broker, Pricing Strategy Advisor (PSA®)

CalBRE No:  01445813

This email address is being protected from spambots. You need JavaScript enabled to view it.

www.sfbykate.com 

c: +1 (415) 601-0926 

Disclaimer:  Information provided herein was derived from public sources deemed reliable, it is intended for information purposes only, may contain errors and is subject to revision.

 

Read 337 times Last modified on Monday, 17 September 2018 20:20
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About Kate

As a long-term resident of San Francisco, Kate is well familiar with the city’s past and present. With her professional background and deep knowledge of the local housing market, Kate is in the position to best assist with your real estate needs. Should you be looking for a recommendation on the upcoming cultural or social events and/or if you need a trusted local real estate advisor, ask Kate – San Francisco is her HOME.

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1801 Lombard Street, San Francisco, CA 94123

Mobile: +1.415.601.0926

Email: ekaterina.batz@gmail.com

Associate Broker

CalBRE No:  01445813

 

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