San Francisco median home price hits $1 million
Source: San Francisco Chronicle
With April’s close, the city was left with a new benchmark for San Francisco median home prices: single-family homes, according to the Business Journal, hit a median of $1 million dollars, a price not seen since the glory days of 2007 and a 32% jump from 2012. Further, Redfin data show that in mid-May, the median sold price was $1,030,000. That’s the sold price, readers; the list price median was a comparatively modest $799K, a fact that speaks to the power of too many buyers vying for too few properties.
The 2 bedroom, 1 bath home on Romain in SF’s Twin Peaks area (lists for $995K, pretty close to the $1M mark. The square footage is not listed but two interesting facts about its history are: in 2008 it sold for $899K. In 1998, it sold at auction for just $106.5K.
Read more: http://blog.sfgate.com/ontheblock/2013/06/13/san-francisco-median-home-price-hits-1m-heres-what-that-will-buy/
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