03 Jul San Francisco Home Median Prices 2015
July 2, 2015
It looks like San Francisco home median prices are now at $1.36 million! As a Realtor, everyone always asks me how’s the market? This chart below reflects San Francisco-only median house and condo sales prices reported to MLS as of July 1, 2015. It has been a torrid spring market in the city, one that, generally speaking, is outperforming the overall Bay Area market (except for Silicon Valley). Note that median sales prices are affected by other factors besides changes in “fair market value.” For instance, we have just passed the spring season. For the past 4 years, the Spring selling seasons have been the major drivers of home price appreciation. The market typically cools and plateaus (and sometimes even declines a little) once the summer season begins. And of course, many specific factors will affect the marketable value of your home.
If you want to know how’s the market for your home feel free to call me for an in-depth evaluation on your home’s value. I would love to help! And if you want to stay up to date on San Francisco real estate market news – sign up for my San Francisco Market Newsletter click here.
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