The San Francisco Condominium Pricing Index* increased +4.5% to $1,168 per square foot in March 2018 from the month before, the Mark Company reports. This is a -5% drop from a year ago, when it last peaked at $1,232.
On the other hand, the average price for resale condominiums soared to $1.419m in March – the highest recorded in at least 5 years. The average price per square foot rose to $1,137, +9% above last year’s levels.
For more details, please download the enclosed copy of the report.
*The Mark Company Condominium Pricing Index uses a proprietary quantitative method to model the price per square foot of a new 10th floor, 1,000 SF condominium.
With best wishes,
KATE BATZOGLOU (STANTON)
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.