Articles Recently Tagged: New Condo Sales

(41 posts)
New Condo Sales Were 25 Percent Lower in San Francisco Last Year

New Condo Sales Were 25 Percent Lower in San Francisco Last Year

While the number of purchase contracts signed for new condominiums in San Francisco ticked up from 32 in November to 55 last month, which was double the number signed in December 2015, the number of contracts signed in 2016 totaled 702 which was a quarter fewer than the 940... Read More »

Proposed Development in San Francisco Drops to a Four-Year Low

Proposed Development in San Francisco Drops to a Four-Year Low

With two days left in 2016, the preliminary plans for 79 major developments have been submitted to San Francisco’s Planning Department since the beginning of the year. And as we forecast last month, that’s the fewest since 54 in 2012 and down from a peak of 116 in 2014.... Read More »

Twice as Many Homes on the Market in SF with Reduced Prices

There are currently 42 percent more single-family homes and condos actively listed for sale in San Francisco (500) than at the same time last year and over twice as many for which the asking price has been reduced at least once (140). At a more granular level, the number... Read More »

New Condo Sales Slip in San Francisco, Price Index Ticks Up

New Condo Sales Slip in San Francisco, Price Index Ticks Up

The number of purchase contracts signed for new condominiums in San Francisco dropped to 32 in November, down from 110 in September and 20 percent lower versus the same time last year. And while the inventory of available units dropped to 1,058 on the 32 signatures, it remains 84... Read More »

Bay Area Home Sales Drop, Mix Drives Median Price Jump in SF

Bay Area Home Sales Drop, Mix Drives Median Price Jump in SF

While home sales typically tick up in October, the number of Bay Area single-family homes and condos that traded hands (7,500) dropped 5.4 percent from September to October and was 1.5 percent lower versus the same time last year. And in San Francisco, the drops were more dramatic, with... Read More »

Highest Percentage of Homes with Reduced Prices in SF Since 2011

While the inventory of single-family homes and condos listed for sale in San Francisco peaked last month, which shouldn’t have caught any plugged-in readers by surprise, there are still 38 percent more homes on the market (700) than at the same time last year and twice as many for... Read More »

Development is Trending Down in San Francisco

Development is Trending Down in San Francisco

The preliminary plans for over 450 major developments have been submitted to San Francisco’s Planning Department over the past six years. The peak year was 2014, during which 116 major projects were proposed, up from a mere 34 in 2011. And if the trend over the first eleven months... Read More »

New Condo Sales Tick up in San Francisco, Prices Continue to Drop

New Condo Sales Tick up in San Francisco, Prices Continue to Drop

With a couple of new sales offices having opened in September, the number of contracts signed for new condominiums in San Francisco jumped to 110 in October, which is 7 percent higher versus the same time last year, versus 44 percent lower on a year-over-year basis in September, and... Read More »

New Condo Sales and Prices Continue to Slip in San Francisco

New Condo Sales and Prices Continue to Slip in San Francisco

While the number of new condominium units on the market in San Francisco has ticked up to roughly 1,200, which is over 80 percent higher versus the same time last year, the number of contracts signed over the past month dropped to under 30, which is 44 percent lower... Read More »

Price Index for New Condos in SF Has Dropped 11 Percent

Price Index for New Condos in SF Has Dropped 11 Percent

For the third month in a row, and following a trend we first noticed emerging last year, the price index for new construction condominiums in San Francisco, as compiled by The Mark Company, has dropped on a month-over-month basis and is now running 11 percent lower versus August 2015.... Read More »