San Francisco, CA, July 21, 2018 --(PR.com
)-- Hill & Co. Real Estate, San Francisco’s premier residential real estate brokerage, recently released its 2nd Quarter 2018 Real Estate Report. Prices for homes declined a bit from the first quarter, but the median sales price for a single family house remained above $1.6 million in all three months of the second quarter — well above last year’s median prices during the same period. Condominiums and lofts also saw an increase in the median sales price year-over-year, though the increase wasn’t as steep in comparison to single family homes.
If the Bay Area were a nation, it would be the 19th largest economy in the world, according to a recent Mercury News report. What’s more, the nine-county region’s dynamic economy is still charging ahead, and shows no signs of slowing down. This puts tremendous pressure on housing of course, and that explains why home values have continued to climb so dramatically year after year.
The 4-page Hill & Co. 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.
Other charts provide a month-by-month look at San Francisco home sales by property type – whether single family home or condo and loft – for April, May, and June.
The entire report can be found at https://bit.ly/2Nrivup.
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