Weekend Events and the Weekly Real Estate Update

Dance Week starts today and continues through April 30 with daily performances and activities,  DogFest happens Saturday from 11 AM to 4 PM at Duboce Park,  and on Sunday the 100th Opening Day on the Bay takes place, with the parade of boats taking place from 12 PM to 2 PM along the waterfront from Crissy Field to Pier 39.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 4/16/17 – 4/22/17

The California Association of Realtors® just released its March California real estate market report. The headline reads “Spring homebuying season kicks off strongly as prices and sales propel higher.”

“March’s solid sales performance was likely influenced by the specter of higher interest rates, which may have pushed buyers off the sidelines before rates moved higher,” said C.A.R. President Geoff McIntosh. He went on to say, “The strong housing demand, coupled with a shortage of available homes for sale, is pushing prices higher as would-be buyers try to purchase before affordability gets worse.”

According to the report, the average price per square foot for an existing, single-family home statewide was $252 in March, up from $241 in February, and up from $232 in March 2016. San Francisco County had the highest price per square foot in March at $872/sq. ft., followed by San Mateo ($838/sq. ft.), and Marin ($688/sq. ft.).


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