It’s once again a very busy weekend in San Francisco when it comes to events and activities. For starters, there’s the Chinese New Year Parade and Festival — always a big draw. The parade is on Saturday evening, and the festival takes place both Saturday and Sunday. The Noise Pop festival concludes its one-week run with shows and events throughout the City on Friday, Saturday, and Sunday. Finally, since this is the last weekend of the month, TreasureFest (formerly Treasure Island Flea) will take place — this month featuring a Mardi Gras theme. There will be Mardi Gras beads, “buy one, get one free” craft hurricane cocktails, 30+ Food trucks and tents serving New Orleans inspired foods like West Coast Gumbo and California Beignets, live jazz music, and much more.
On the “Homes for Sale in San Francisco” front, here’s our report for this week, 2/18/18 – 2/24/18
Home Prices Continue to Climb Across the Country
An uptick in existing-home sales in the final three months of 2017 pulled down housing inventory to an all-time low and kept home-price growth at its recent robust pace, according to the latest quarterly report by the National Association of REALTORS®.
In fact, across the country, home prices were up 5.3 percent in the fourth quarter in comparison to the same period in 2016, and in nearly two-thirds of the nation’s markets, home prices were at an all-time high.
Four of the five most expensive housing markets in the fourth quarter were in California, and yes, San Francisco was among them — ranked #2. As is often the case when national figures are released, San Francisco in this survey includes Oakland and Hayward. Here are the rankings:
San Jose metro area, where the median existing single-family price was $1,270,000; San Francisco-Oakland-Hayward, $920,000; Anaheim-Santa Ana-Irvine, $785,000; urban Honolulu, $760,600; and San Diego-Carlsbad, $610,000.