Summer is Coming!
Summer is coming and I hope you all have the opportunity to enjoy the upcoming Memorial Day weekend to relax with friends and family and honor those men and women who gave the greatest sacrifice going back to our country's founding.
We are well into the spring selling season and it has been a very strong market, so far. Great for sellers, as buyers continue to show up in force and competition for well-priced homes in desirable locations remains fierce!
The April statistics are in and most notably is that New Listings were down -26.7% for SFHs and down -22.8% for condos. Pending Sales increased +4.3% for SFHs and +8.0% for condos and the Average Sales Price for SFHs was up +3.3% year-over-year, with condo prices up +1.5%.
Below is a 12 month chart of San Francisco prices showing the upward trend in prices since the downward slide of Q4 2018.
SAN FRANCISCO MARKET SNAPSHOT
12 Months Statistical Trends