NOVEMBER 2012 - INCREASES IN HOME SALES PRICES CONTINUE

11/15/2012

While the fall season typically signals a slowing down for most real estate markets, San Francisco’s housing market has continued to remain active and in some areas, vibrant. The median price for a home in San Francisco was at the highest point in all of 2012 in October, reaching $840,000, a 13.1 percent increase from this time in 2011. Moreover, eight of the ten districts on the SFARMLS residential map experienced increases in home sales. Despite a sustained drop in the housing stock, these recent upsurges suggests that more and more buyers are pulling the trigger now, realizing that home prices in the city are rising and interest rates may never be this low again.

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

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