San Francisco Luxury Home Sales Climb in Fourth Quarter

San Francisco’s luxury housing market finished off 2015 with home sales and the median sale price both climbing in the fourth quarter from the previous three months, according to a new market report by Coldwell Banker Residential Brokerage, the Bay Area’s leading luxury real estate services company.

The report is based on Multiple Listing Service data of all homes that sold for more than $2 million during the last quarter in San Francisco.
A total of 178 homes sold for more than $2 million in the city during the October through December quarter, up 7.2 percent compared to 166 sales during the third quarter of 2015. Fourth quarter sales were also up 2.3 percent from the 174 transactions in the fourth quarter of 2014.
Meanwhile, the median sale price of a luxury property in the fourth quarter was $2,650,500, up 5.9 percent from the third quarter when it stood at $2,504,000. However, last quarter’s median sale price was off 2.1 percent from the same quarter in 2015.
The upper end of the city’s luxury market continued to be strong in the fourth quarter with 64 sales over $3 million, up from 51 the previous quarter. And there were 39 sales over $4 million, up from 20 in the third quarter.
Please Visit Visit Coldwell Banker’s CaliforniaHome.me blog to read more.

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