May 2017 housing market report by SF Association of Realtors shows the following local real estate trends:
Median Sales Price (“MSP”) of single family homes has reached a record price of $1.512M, a +12% increase compared to May 2016. Further, MSP for Condo/TIC/Coop properties is now equal to $1.2M, a +11% increase v. the same time last year.
79% of single family homes sell above their list price and those that fall into this category receive 116% of their asking price. As a way of comparison, 63% of Condo/TIC/Coop properties sell above their asking price, receiving 106% of their list price.
For more details, please download the enclosed copy of the report. Please contact me should you have any questions regarding local real estate market.
With best wishes,
Associate Broker, Pricing Strategy Advisor (PSA®)
CalBRE No: 01445813
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