June 7, 2019 Comments Off on Spring Surge: Home Prices Rebound in San Francisco Views: 575 Bay Area, California News

A strong spring 2019 market has bounced San Francisco median home sales prices back up to the peaks reached in spring 2018. Research from Compass shows monthly luxury home sales hit a new high in May 2019.

Compass’ Patrick Carlisle, Chief Market Analyst for the Bay Area, wrote in his June 2019 Market Report, “Both houses and condos are basically back up to the peak prices they hit last year at this time.”

The Compass report pegs May 2019 luxury home sales roughly 13% higher than the previous peak in May 2018. High-price home sales in this category saw the big jump this spring.

Carlisle writes, “Spring 2019 in San Francisco has also been very strong, with many of the supply and demand statistics only slightly cooler – a few more days on market, a bit less overbidding, etc. – plus an increase in high-end home sales.”

The median condo sales price in Spring 2018 was $1.255 million. Prices in the same period of 2019 were $1.235 million.

To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.

Read more at Compass Report

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Tags: Apartments & Multifamily, Housing, Research, Sale

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Spring Surge: Home Prices Rebound in San Francisco

Dennis Kaiser