The median price of a single-family home in San Francisco rose to yet another all-time high by quarter in Q1 of 2018, this time hitting $1.61 million.
The price of a San Francisco house has nearly doubled just since 2013 and soared more than 23.8 percent since Q1 of 2017.
For comparison, here’s how price year-over-year prices in the first quarter breakdown for the past five years:
- 2017: $1.3 million, down 0.76 percent
- 2016: $1.31 million, up 19 percent
- 2015: $1.1 million, up 13.28 percent
- 2014: $971,000, up 14.23 percent
- 2013: $850,000, up 27.8 percent
Despite the fact that focusing on short-term (monthly) data is much less meaningful than focusing on quarterly numbers, February's figures were hard to ignore:
- As of the end of February, there were fewer total home and condo sales in the first two months of 2018 than in any of the previous ten years.
- Median house price soared to $1,715,000 million
- Median sold price per square foot for a single family shattered the $1000.00 mark, a new all time high.