San Francisco, CA, July 16, 2017 --(PR.com
)-- Hill & Co. Real Estate, San Francisco’s premier residential real estate brokerage, recently released its 2nd Quarter 2017 Real Estate Report. The city of San Francisco’s median sales prices for single family homes and condos reached all-time highs in the second quarter of this year. The median sales price for single family homes in June was $1,450,000, and the median sales price for condos and lofts in June was $1,150,000.
The San Francisco real estate market remains incredibly hot. In fact, Realtor.com just published a report on America’s 20 hottest real estate markets for June 2017, and according to the report San Francisco ranked number two in the nation – just behind one of the Bay Area’s most affordable cities, Vallejo. San Francisco residents continue to pay a premium for properties because of the nature of the city and the strength of its economy.
Other articles in the Hill & Co. report provide a status update on the demand for luxury real estate in San Francisco and around the world, and how in some cases the land on which some homes sit is of greater value than the houses themselves.
The report features a number of charts, including second 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/2uplQVd.
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