San Francisco Condo Price Gains
San Francisco Condos See Price Gains in 2018
- A lack of inventory and strong buyer demand led condo prices to rise again.
- Sales of condos exceeded last year’s first quarter across all price ranges.
- 70% of the city condos sold for premiums in March 2018.
Furthermore, other indicators also suggest that housing market activity heated up in April. Homes continued selling in an average of 11 days. Also, the share of homes that sold for more than asking price reached a new high, with 75 percent commanding premiums. San Francisco saw the largest monthly increase, from 67 percent to 73 percent – keep in mind that this could be due to changing pricing strategies by real estate professionals. Still, premiums obtained for homes that sold for more than asking price also inched up from March, averaging 19 percent in San Francisco. Overall, Bay Area premiums averaged 13 percent, up from 12 percent in March and from 9 percent last April.
Sell Your Condo For The Price You Want
In April, I delivered fast results and high returns for my clients. Let me do the same for you. My sales data for condos sold in the first quarter of 2018:
Robyn’s 2018 Condo Sales