The San Francisco real estate market was marked with a dwindling inventory and a rise in average sales price, as demand continued to far outpace supply in the fourth quarter of 2015, according to the San Francisco Multiple Listing Service.
- When comparing the average sales price year over year, prices soared. In Q4 2015, the average sales price for condominiums grew 11 percent, and the average sales price for single-family homes climbed 5.5 percent.
- Inventory was sparse throughout San Francisco, causing the total sales of single-family homes and condominiums to fall from the prior year.
- In Districts 7 and 8, the average price of a single family home in Q4 2015 was $1,413,381, a 22.6 percent increase from Q4 2014.
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