San Francisco, CA, May 12, 2017 --(PR.com
)-- Hill & Co. Real Estate, San Francisco’s premier residential real estate brokerage, recently released its 1st Quarter 2017 San Francisco Real Estate Report. The market was slow in January, picked up a bit in February, and then took off in March. It appears that this upward trend is carrying into the second quarter of 2017.
In January, the percent of properties sold over the list price dropped to a low of 48.8 percent. Still, that’s a remarkable figure. It means that during January nearly half of the homes sold in San Francisco sold over the asking price, and yet that is considered a low percentage here. In February and March, the percentage grew to 67 percent - more in line with the San Francisco norm.
Other articles in the report look at how vacation home sales have fallen, how investment purchases have climbed, and how Millennials currently view home ownership.
The report features a number of charts, including first quarter home sales by neighborhood. This chart has information on the number of sales in each neighborhood, along with median sale prices, percent of change year-over-year, days on market, median price per square foot and the most expensive sale in the quarter.
The entire report can be found at http://bit.ly/2o52kL9.
Hill & Co.
Hill & Co. Real Estate has long represented buyers and sellers in the purchase and sale of many of the City’s finest properties. With three offices and nearly 100 full-time agents the brokerage enables clients to successfully navigate San Francisco’s complex real estate market. For more information, visit www.hill-co.com.