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San Francisco County Condominiums San Francisco’s condominium sector was steadily in line with the market strength and success it’s seen over the course of the last year. The city’s average sales price for a condo was at $1.316 million this quarter, only a 1 percent change up and down from the previous year and quarter, respectively. With 527 units sold this quarter, San Francisco’s condominium sales volume was up 12 percent year-over-year. However, this figure was also a noticeable 22 percent drop from the 675 units sold in Q4 2017. The average turn-around time for a condo to sell in the city was at 34 DOM in Q1 2018, moving at the same rate as last quarter, and 11 percent faster than last year. Condominiums in the $1-2 million price category resulted in 48 percent of all sales, or 252 units sold, this quarter.

SAN FRANCISCO - CONDOMINIUMS Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2018

$1,316,160

34

$1,121

change

-1%

-1%

5%

Q4 2017

$1,328,369

34

$1,069

Q1 2018

$1,316,160

34

$1,121

change

1%

-11%

8%

Q1 2017

$1,299,971

38

$1,043

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 14 | McGuire Real Estate Quarterly Report - 1st Quarter 2018

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