mARKET STATS acROSS sAN FRANCISCO
The fall months of September through November posted strong results, with the combined median price increasing by about 10%, as compared to the same period last year. There were about 1,400 transactions reported in the MLS during this time period, slightly higher than last year. Median market timeimproved to record at just 17 days, as compared to 25 days last year.
Single family home values have posted a sixth straight month ofdouble-digit percentage gains. Single family home purchasers paid an average of 16% over list price this fall, as compared to10% over last year. The middle price tier of $1.2MM-$1.8MM saw purchasers paying an average of 22% over list price.
Condominium/TIC values have also seen an improvement this fall, with purchasers paying an average of 6% over list price, as compared to 4% last year. Condominium/TIC values also posted a17% year-over-year gain last month, compared to a 7% decrease during the same month last year.