OCTOBER 2013 - THE NUMBERS TELL THE STORY: THIS YEAR HAS BEEN FANTASTIC FOR RESIDENTIAL REAL ESTATE!

11/18/2013

Price and number of sales have increased in all 10 real estate districts. City-wide, the median sales price was up 11.1% to $921,945 for single family homes and 13.8% to $865,000 for Condo/TIC/Coop properties. Inventory continues to shrink as months supply decreases again this month and sits at about 2 months for single family homes and Condo/TIC/Coop units.Chinese investors have been showing record breaking interest in San Francisco real estate, according to measures of activity of Chinese property investors on Juwai.com, the No. 1 Chinese international property portal. Among the United States, California is the most popular. More than half the homes sold to foreign buyers in California go to Chinese nationals, estimates CNN Money. In San Francisco, Chinese investor property hunting climbed 84%, month-over-month from July to August 2013 - it was also 456% higher than it was this January

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

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