MARKET TRENDS
A MARKET OF CONTRASTS
On the surface, the broader condominium market may appear sluggish. However, a deeper analysis reveals two distinct trajectories: high-density districts, particularly in the downtown core, are rebounding as corporate work patterns evolve, while more residential neighborhoods are experiencing measured but stable demand. This bifurcation underscores a shifting dynamic in San Francisco’s housing market—one shaped by changing lifestyle preferences and broader economic forces. When comparing these two distinct markets in San Francisco over the 10-year period, some very clear trends begin to emerge.
Hi-Density Condominium Sales
Neighborhood Condominium Sales
2024 VS 2014
2024 VS 2014
↑ 9.9% MEDIAN SALE PRICE ($995 VS $905)
↓ 34.2% NUMBER SOLD (1,005 VS 1,528)
↑ 5.1 % AVG $ / SF ($1,008 VS $995)
↑ 24.8% MEDIAN SALE PRICE ($1.3M VS $1.1M)
↓ 23.1% NUMBER SOLD (867 VS 1,128)
↑ 21.8% AVG $ / SF ($1,058 VS $869)
↓ 2.4% LIST / SALE RATIO (97.6% VS 100%)
↑ 88.2% DAYS ON MARKET (64 VS 34)
↓ 3.3% LIST / SALE RATIO (98.7% VS 102%)
↑ 33.3% DAYS ON MARKET (40 VS 30)
*Hi-Density markets defined as San Francisco real estate districts 8 and 9.
*Neighborhood markets defined as San Francisco real estate districts 1-7, 10.
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