The median price for a San Francisco single-family home reached the highest level since 2007, hitting $1 million in April– a huge jump from last year, which was $760,000.
A year ago, San Francisco single-family homes took an average of 49 days to sell. Now, the average sale takes 28 days, a 44% decrease.
This is great news for San Francisco and means the economy is on the upswing.
Condo prices also reached a new median high, hitting $850,000, the highest price in over two years.
The Bay Area isn’t the only city enjoying price gains. Cities like Berkely, Larkspur, and Walnut Creek are all seeing increases in house prices.
With all the great economic stimulation, have you checked to see what your home is worth lately? It may be more than you think!
Source: SF Biz Journal
Categories: San Francisco Bay Area News
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