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San Francisco Real Estate June 2019

High-demand/low-inventory spring market brings median home sales prices bouncing back to 2018 peaks. San Francisco luxury home sales hit new monthly high.

San Francisco Real Estate

High-demand/low-inventory spring market brings median home sales prices bouncing back to 2018 peaks. San Francisco luxury

home sales hit new monthly high.

Median Home Sales Prices

We consider 3-month rolling median sales prices to be more reliable than single month figures, which are much more prone to less meaningful fluctuations. Both houses and condos are basically back up to the peak prices they hit last year at this time. June sales will mostly reflect accepted-offer activity in May, so it will be interesting to see that final bit of spring data. Market activity typically begins to significantly slow for the summer.

Median House Sales Prices since 1990 -

The Long-Term Perspective

Median Price Changes in Selected Districts

Besides giving more perspective to longer-term trends, these two charts are also excellent illustrations of how seasonality affects supply and demand statistics.

Selected Demographic & Economic Snapshots

Within the Bay Area, SF has by far the highest percentage of residents aged 25 to 34, and by far the highest percentage of single-person households. It also has the lowest percentage of residents under 5 years of age of any major metro area in the country. So, not too many children, but a big population bulge of millennials.

This next chart graphs Bay Area unemployment rates from 1990 through January 2019. By April 2019, they had typically fallen another half percentage point.

Featured Listings

www.MetropolitanS1502.com

2BD/2BA 1166 SqFt $1,799,000

Coming Soon

1450 Green Street Unit #7 San Francisco

2BD/1.5BA Price TBD

Recent Sales

1650 Broadway, #406 San Francisco

1BD/2BA $1,175,000

480 Mission Bay N #611 San Francisco

2BA/2BA 1187 Sq Ft $1,675,000

Ava Chang

DRE01922552

[email protected]

415-595-5310

Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed

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