Pricing Index for New Condos in San Francisco Ticks Up, Sales SlipJanuary 10, 2018
The number of purchase contracts signed for new construction condos in San Francisco slipped at the end of 2017 – from 61 in November to 37 in December – and were down 33 percent on a year-over-year basis, according to sales office data collected by The Mark Company.
At the same time, while the inventory of new construction condos available to purchase in the city has dropped to 731, which is 27 percent lower versus the same time last year, and inventory levels over the past year were an average of 4 percent lower than the year before, total contact signings were 5 percent higher in 2017 versus 2016.
And having ticked up in November, the Mark Company’s pricing index for new construction condos in San Francisco ticked up another 2.1 percent in December and is now running 1.4 percent higher versus the same time last year but remains 10.7 percent below its peak in August of 2015.
Comments from Plugged-In Readers