MARCH 2014 MARKET TRENDS

03/18/2014

As recent national news articles attest, San Francisco is attractive as ever to owner-occupant buyers, and interest rates remain historically low. So while new listings were down 17.1 percent for single family homes and 18.4 percent for Condo/TIC/Coop properties, pending sales increased 13.4 percent for single family homes and 11.5 percent for Condo/TIC/Coop properties. And take a look at this latest price stat - a 25.2% one year increase in median sales price for all property types. Coupled with decreased inventory, this is a challeging market for buyers and generally a giddy one for sellers. If you have toyed with the idea of selling, this may be the perfect time.

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    Anne Herrera
    Sotheby's International Realty
    117 Greenwich Street
    San Francisco, CA 94111

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