While the pace of sales generally picked up from the January highs in most Bay Area regions in which Pacific Union DBA Compass operates, most regions saw relatively lower prices compared to last February when the robust spring price growth began.
SAN FRANCISCO — SINGLE-FAMILY HOMES
While increasing from the month before, San Francisco February’s median prices of single family homes stood at $1,505,000, down 11.5 percent compared to the year prior. Pace of sales picked up again after slower winter months and averaged 28 days, only 3 days slower than last February. See San Francisco single-family-home market statistics for February.
SAN FRANCISCO — CONDOMINIUMS
At $1,142,500, the median sales price for a San Francisco condominium increased 5.3 percent from last year, and while the average premiums declined, condominiums still generally sold over asking price. Days on market also picked up and averaged 37 days, up from 35 days last year. See San Francisco condominium market statistics for February.
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