San Francisco's Luxury Real Estate Market on the Rise...Again
Most of these annual trend charts show the luxury housing market, in particular for condos, heating up again in 2017 after some cooling in 2016. Very generally speaking, since 2015, the house market has been hotter than the condo market, and the more affordable neighborhoods hotter than the more expensive. But 2017 was a strong year across virtually all market segments. The Luxury Market, which are homes above $2m and condos above $1.5m, saw a lot of activity last year. It's no surprise to see that the central neighborhoods (Noe, Eureka, & Cole Valleys, Buena Vista, Ashbury Heights) are hot. The central location, easy links to transportation, and freeway access to the peninsula are reasons why people want these neighborhoods so much.
San Francisco Luxury House Sales Trends
If you will forgive a little celebration on our part: In 2017, Paragon became the largest brokerage in San Francisco by dollar volume sales of residential and multi-unit residential real estate (as reported to MLS, per Broker Metrics). We opened our doors in 2004.
These analyses were made in good faith with data from sources deemed reliable, but may contain errors and are subject to revision. It is not our intent to convince you of a particular position, but to attempt to provide straightforward data and analysis, so you can make your own informed decisions. Median and average statistics are enormous generalities: There are hundreds of different markets in San Francisco and the Bay Area, each with its own unique dynamics. Median prices and average dollar per square foot values can be and often are affected by other factors besides changes in fair market value. Longer term trends are much more meaningful than short-term. Late-reported MLS activity may change certain statistics to some small degree.