The San Francisco First Quarter 2015 Market Report

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In District 1, both single family homes and condominiums in the fourth quarter of 2014 saw an increase in the average sales price, and the total number of units sold. The average sales price for a single family home rose 13.4 percent to $1,805,031 in Q4 2014, up from $1,591,397 in Q4 2013. Condominiums also saw average sales prices grow to $1,181,224 in Q4 2014 from $910,916 in Q4 2014. As buyers in District 1 were paying more, they also acted more quickly, as evidenced by decrease in the average days on market for both single family homes and condominiums. In Q4 2014, a single family home stayed on the market for an average of 29 days, a 13.8 decrease from Q4 2013. In Q4 2014, condominiums remained on the market an average of 37 days compared to 41 days in Q4 2013.

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