Condo Prices Adjust in New Year

The past month’s sales figures for citywide condos are an open window to the general state of the condo market in San Francisco. Of the 39 condos sold, 33 sold for less than the asking price. (These figures do not include new development sales, which are not published in the MLS).

However, the average sale price of $822,453 was nothing to sneeze at, though it does seem like condos are taking longer to sell. They averaged 87 days on market. Additionally, all but seven of the condos sold were under the $1M price point.

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Eileen Bermingham

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