13 October

SF Housing Market Update for September 2017 - All Property Types Featured

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Recently released September 2017 housing market report by SF Association of Realtors shows the following trends: 

Median Sales Price (“MSP”) of single family homes is now equal to $1.337M, a +10% increase compared to September 2016.  MSP for Condo/TIC/Coop properties is $1.104M, a +8% increase v. the same time last year. 

86% of single family homes sold above their list price and those that fell into this category received 116.5% of their asking price.  As a way of comparison, 54% of Condo/TIC/Coop properties sold above their asking price, receiving 105% of their list price.   

I find this except from the report worthy of a separate note:  “Although desirous buyers are out on increasing number of showings, there remains a limited number of desirable listings.  And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving”.

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

With best wishes,

KATE STANTON

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 1041 times Last modified on Friday, 13 October 2017 19:59
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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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