San Francisco Condo Prices, Market Conditions & Trends

As we delve into the current landscape of San Francisco's condo market, it's evident that the market dynamics are as intriguing as ever. The city, known for its iconic architecture and unique urban lifestyle, has experienced a shift in condo sales, reflecting broader economic trends and local shifts in supply and demand.

Year over year, the median condo sales price was down about 2.5%. However, if we take a longer outlook, we see that condos across the city have appreciated significantly, with the median sale price representing almost double the 2012 levels.

Source: Compass Market Reports

If take a closer look, we see that condo prices and trends vary quite a bit between downtown/SOMA units versus the rest of the city. Median downtown condos are trading at 2015 prices while non-downtown condos are at 2018 price levels.

Source: Compass Market Reports

Price per square is impacted by many factors that go beyond market conditions however, it is still a good data point to benchmark against and gives us an aggregate view of condos of all sizes. There are short term fluctuations in the median price per square foot for both homes and condos in San Francisco but zooming out, we see a strong upward trend since 2012.

Source: Compass Market Reports