April Market Update

Q1 2018 WRAP-UP – SINGLE FAMILY HOMES

Median sale prices for single-family houses continue to push towards higher and higher levels with the majority of single-family home sales closing above $1.5 million in the first quarter with fewer and fewer homes on the market selling faster and faster.

Highlights:

  • The three neighborhoods with the highest median sale price: Russian Hill, Pacific Heights/Presidio Heights, and the…

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San Francisco Headlines 3.16.18

WHAT YOU MISSED THIS WEEK:
  • Opponents of Balboa Reservoir housing project launch ballot measure
  • Development pipeline has increased to a record number though actual construction lags behind
  • 144-unit project in Rincon Hill slated for approval this month
  • 20-unit Western SoMa development sites slated for approval 
  • Contractor of the Transbay Transit Center promises completion in June 

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March Market Update

The single family median home price has surpassed $1.7MM for the first time, representing a year-over-year gain of 33 percent for the month of February. This increase in median sale price occurred while the number of transactions decreased by 11 percent. Tight inventory levels and multiple offer transactions contributed to this dramatic increase in the single family median sale price. 

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San Francisco Headlines 3.09.18

WHAT YOU MISSED THIS WEEK:
  • Mayoral candidate London Breed proposes working group to speed up production of accessory dwelling units
  • Planning Commission approves Conservatory of Music’s 12-story 113-unit project at Van Ness and Hayes
  • City pulls funding for 120-unit low income senior housing project in Forest Hill
  • 48-unit density bonus project proposed at Montgomery and Broadway 
  • San Francisco unemployment rate inches slightly higher to 2.6%

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San Francisco Headlines 3.02.18

WHAT YOU MISSED THIS WEEK:
  • City says only 23 accessory dwelling units were built since 2016
  • Central SOMA rezoning plan slated to be adopted by Supervisors by year end
  • Plans for 168-unit project at Van Ness and Golden Gate progress
  • Ground is broken for 55 affordable units in Visitacion Valley, as part of Hope SF project
  • Mortgage rates inch higher to 4.43 percent, running 33 basis points higher than last year

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