July 27th

San Francisco Trends » Single-Family Homes | McGuire Q2 2015

San Francisco once again reset the bar with its average sales price of $1.831 million, up almost $200,000 from the previous record set in Q1.

The 613 homes sold were up 3 percent year-over-year and 53 percent from the otherwise tame tally seen in Q1 2015. Despite skyrocketing prices, average DOM also dropped noticeably, with the average home selling in just 24 days.
San Francisco Market Trends - Single-Family Homes | McGuire Q2 2015
This record-setting quarter was defined by seller’s taking note at the conclusion of Q1—that buyers were willing to pay previously-unheard of prices—as was seen in the city’s seven sales over $10 million and additional 13 sales over $5 million.
San Francisco Market Trends - Single-Family Homes | McGuire Q2 2015
San Francisco homes that required no price change netted 19 percent on top of initial asking price. This was not only the highest figure among all seven counties we represent, but one of the highest seller-gains we’ve ever seen. As for sellers who tested the market, their 91 percent take on initial listing was still impressive given the prevalence of sky-high pricing.
San Francisco Market Trends - Single-Family Homes | McGuire Q2 2015
The massive 93 percent gain in Pacific Heights was largely skewed by one very large, $31 million sale. However, obtaining the highest single sale in the entire Bay Area within a quarter is still a strong achievement for the neighborhood. Haight Ashbury also saw an 86 percent gain as its luxury sector blossomed. The 51 percent gain in Alamo Square was another strong feat.

 See Q2 2015 Market Updates for each Bay Area County at mcguire.com/quarterly_report.

Download The McGuire Quarterly Report.

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