San Francisco HIts New High

July 9, 2019

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San Francisco sales prices had a very good second quarter of 2019.

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Residential sales prices in San Francisco surged to new peaks in the second quarter of 2019, according to a report Monday by Compass. 

The median price of a home in the city was $1.65 million, up $80,000 from the previous record in the second quarter of 2018, the report stated. Condo prices were also up slightly compared to the previous year, with a median price of $1.26 million. 

San Francisco’s market was fueled by “macro economic factors” such as the flourishing stock markets and low interest rates, said Patrick Carlisle, Compass’s chief market analyst in the San Francisco Bay Area. 

San Francisco Median Home Prices Hit New Peaks - Compass Q2 Market Report

Updated July 2019

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San Francisco Q2 2019 Real Estate Market Report

 

High stock markets, low interest rates, surging luxury home sales, limited inventory, a spring full of unicorn IPOs, and San Francisco - once again -hits new highs in median home sales prices.

 

July 2019 Update

 

 

After 2 quarters of no or negative year-over-year home price appreciation, a confluence of positive economic factors sent San Francisco median home sales prices to new peaks in Q2. On a quarterly basis, the median house sales price hit $1,700,000 - $80,000 above the previous peak in Q2 2018 - powered by a monthly high of $1,770,000 achieved in June. For condos, the new quarterly median price peak was $1,250,00 - slightly above last year's $1,235,000 - fueled by a new monthly high of $1,300,000 in June.

 

The market typically slows down significantly in San Francisco for the summer holidays through August before picking up again in September for a busy, though relatively short autumn selling season running through mid-November.

 

Median Home Sales Price Trends

 

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SAN FRANCISCO REALTOR DISTRICTS 

San Francisco Realtor 1: Sea Cliff, Lake Street, Richmond (Inner, Central, Outer),Jordan Park/Laurel Heights, Lone Mountain 

San Francisco Realtor 2: Sunset & Parkside (Inner, Central, Outer),Golden Gate Heights 

San Francisco Realtor 3: Lake Shore, Lakeside, Merced Manor, Merced Heights, Ingleside, Ingleside Heights, Oceanview 

San Francisco Realtor 4: St. Francis Wood, Forest Hill, West Portal, Forest Knolls, Diamond Heights, Midtown Terrace, Miraloma Park, Sunnyside, Balboa Terrace, Ingleside Terrace, Mt. Davidson Manor, Sherwood Forest, Monterey Heights, Westwood Highlands 

San Francisco Realtor 5: Noe Valley, Eureka Valley (Castro, Liberty Hill),Cole Valley, Glen Park, Corona Heights, Clarendon Heights, Ashbury Heights, Buena Vista Park, Haight Ashbury, Duboce Triangle, Twin Peaks, Mission Dolores, Parnassus Heights, Dolores Heights 

San Francisco Realtor 6: Hayes Valley, North of Panhandle (NOPA),Alamo Square, Western Addition, Anza Vista, Lower Pacific Heights 

San Francisco Realtor 7: Pacific Heights, Presidio Heights, Cow Hollow, Marina 

San Francisco Realtor 8: Russian Hill, Nob Hill, Telegraph Hill, North Beach, Financial San Francisco Realtor, North Waterfront, Downtown, Van Ness/ Civic Center, Tenderloin 

San Francisco Realtor 9: South of Market (SoMa),South Beach, Mission Bay, Potrero Hill, Dogpatch, Central Waterfront, Bernal Heights, Inner Mission, Yerba Buena 

San Francisco Realtor 10: Bayview, Bayview Heights, Excelsior, Portola, Visitacion Valley, Silver Terrace, Mission Terrace, Crocker Amazon,