San Francisco Market Focus Report - July 2014
The July Issue of Market Focus Report, issued by the San Francisco Association of Realtors characterized the market by low supply with prices continuing to rise in most local areas. July found the median price for a single family home in San Francisco at $1,077,500, an increase of nearly 24 percent over the July 2013 median price. Do the math and you'll find the medain price a year ago was $872,500. Astounding!
Those of you in the know, know you can buy a single family home in San Francisco throughout a broad range of neighborhoods. And depending on the neighborhood, Active listing Prices currently start from $428,000 in the Southwest part of the City to an average high in the $1.5-$2 Million range, with the priciest listing at $17,995,000 in Presidio Heights. There are currently 41 Active listings over $1.5 Million. The Citywide Median Sales Price currently sits at $1,077,000. The Active for Sale Inventory is 338 and an average of 31 days on Market.
John M Scott, Broker / Owner, Scott Keys Properties, Certified Distressed Property Expert (CDPE), Council of Real Estate Brokerage Managers (CRB), serving San Francisco and the surrounding San Francisco Bay Area