Weekend Events and the Weekly Real Estate Update

Here are some of things going on this weekend to celebrate Cinco de Mayo: the 14th Annual Cinco de Mayo Festival in the Mission District takes place on Saturday; the 2018 Aventine Cinco de Mayo Block Party and the Cinco de Mayo Celebration with Mariachi and Margaritas happen on Friday evening, and the 2018 Cinco de Mayo San Francisco Lowrider Car Show and the San Francisco Cinco De Mayo Pub Crawl both take place on Saturday. Also this weekend, Saturday is Free Comic Book Day,  the San Francisco Ballet is hosting a free family-friendly Fan Fest on Saturday,  and on Sunday Bay Area Dance Week comes to a close.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 4/29/18 – 5/5/18

1st Quarter 2018 San Francisco Real Estate Market Report

Hill & Co. recently released its 1st Quarter 2018 San Francisco Real Estate Market Report. If you haven’t already seen it, you might want to take a look. San Francisco’s median home price surged to a new record of $1.61 million in the first quarter, amid falling supply and the booming tech industry.

San Francisco is the hottest real estate market in the nation, according to a number of sources. In fact, in comparison to the U.S. as a whole, homes sell nearly twice as fast in the San Francisco-Redwood City statistical region. Another report found that 64.5 percent of San Francisco homes sold for over the asking price.

The 4-page Hill & Co. SF Real Estate Market Report features a number of charts, including fourth quarter home sales by neighborhood. This chart has information on the number of sales in each neighborhood, along with median sale prices, percent of change year-over-year, days on market, median price per square foot, and the most expensive sale in the quarter.

Other charts provide a month-by-month look at San Francisco home sales by property type – whether single family home or condo and loft – for January, February, and March.

To view the report, please click on, or copy and paste, the link that follows: https://bit.ly/2HhMLFg