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April 25, 2019

Q1 2019 Quick Fix: The Latest on House and Condo Sales

We’re in the midst of the busy Spring market, and everyone is referencing comparable sales from the first quarter of 2019. Sellers are using this information to price their homes, and buyers are basing offer prices on this data.

Here’s a rundown on how things shook out in the first quarter:

Single-Family Homes
# homes sold 382
Average price $1,911,273
Avge price per square foot $959
# cash sales 59
Most cash sales happened in: Eureka Valley, Pacific Heights, Bernal Heights, Noe Valley
# homes sold for $1M or less 59
Most competitive neighborhoods (25%+ overbids) Outer Parkside/Sunset; Parkside; Central Sunset; Eureka Valley; Potrero; Portola; Mission Terrace
Craziest overbid 3825 19th Street at Church, right at Dolores Park. This mid-century 4BR/3BA, 2360-square foot house has two-car parking and multiple outdoor spaces. List price: $2,995,000 | Sold: $3,500,000

# homes sold 468
Average price $1,293,128
Avge price per square foot $1100
# cash sales 87
Most cash sales happened in: Pacific Heights, South Beach
# condos sold for $1M or less 31, mostly 1BRs
Most competitive neighborhoods (25%+ overbids) Eureka Valley; Corona Heights; Mission;
Craziest overbid 131 Castro at Henry, in popular Duboce Triangle. The 1500-square foot 3BR/2BA Victorian condo with no parking attracted 12 offers with its $995,000 list price, and sold to the highest bidder for $1,620,000.

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