The real estate recovery was strong in 2014 with strong price gains and low levels of inventory throughout San Francisco.
From December 2013 to December 2014, the median sales price for single family homes rose 14 percent to reach $1,080,000. Condos, TICs, and coops saw a 25 percent increase to reach $952,000.
In terms of new listing activity, December 2014 saw significant declines in the number of new properties coming onto the market with close to 50 percent less single family home listings coming onto the market last month. For condos, TICs, and coops, this number was close to 40 percent.