San Francisco’s residential market not only remained strong in the second quarter of 2015, but hit an all-time high: the median sale price reached $1,185,000, a 20% increase over Q2 2014.


The median price per sq. ft. ($915) — up 10% Q-o-Q and 15% Y-o-Y — mirrors the trend for median sale prices and marks another record for the SF housing market.

San Francisco home prices even exceed Manhattan numbers, where the median sale price for residential properties hasn’t reached $1M yet.


Residential market highlights:

  • total number of transactions: 1691 (5% decrease Y-o-Y);
  • sales volume exceeded $2.5 billion;
  • luxury sales (over $3 million) rose to 108 sales, up 24% Y-o-Y;
  • most expensive sale in Q2 was a 25-bedroom mansion; sale closed at $31 million, $8M less than its initial asking price;
  • most expensive zip code: 94123 , average home sold for over $2.2M;
  • least expensive zip code: 94124, median home sale price around $650K.

House versus Condo Sales

In Q2 2015, median prices were up for all property classes. The median price for single-family homes was $1,250,000, just $150K over the median sale price for condos. The price per sq.ft, however, was significantly higher in the case of condominiums than the price per sq.ft. for single-family homes. 57% of the transactions were houses, while 43% condos.

Transaction Price Ranges

In Q2 2015 the spotlight was taken by million-dollar home sales as they were the only segments which recorded a growth in number of transactions.


Luxury Market

The number of home sales over $3M has skyrocketed in Q2 compared to the previous quarter. The 108 sales closed this quarter represent an increase of 83% Q-o-Q and an increase of 24% Y-o-Y.



Top 10 Residential Sales by Sale Price

Even though the priciest sale in Q2 exceeded $31M, the value of the second most-expensive one was only half of this amount ($16.7M). See the Top 10 of the most expensive sales in Q2 in the table below:
No.Property Address Sale PriceProperty Type
12701 Broadway
Single Family Residence
22950 Vallejo Street$16,760,000 Single Family Residence
33385 Jackson Street$13,500,000 Single Family Residence
43015 Pacific Avenue$12,000,000 Single Family Residence
52939 Vallejo Street$12,000,000 Single Family Residence
62010 Jackson Street$11,500,000 Single Family Residence
7178 Seacliff Avenue$11,000,000Single Family Residence
83636 Clay Street$9,000,000 Single Family Residence
9870 El Camino Del Mar$8,500,000 Single Family Residence
1024 Presidio Terrace$8,000,000 Single Family Residence

Top Zip Codes by Median Sale Price in Quarter 2 2015

94123 topped the list of the most expensive zip codes in the city,where the average home was sold for over $2.2M. See the top 10 Zip Codes by Median Sale Price in Q2:

RankZip CodesNo. of transactionsMedian Sale PriceMedian Price per sq. ft.
55$2,275,000 $1,196
6$1,800,000 $1,132
39411871$1,780,000 $891
494114117$1,680,000 $1,053
27$1,675,000 $1,063
32$1,372,500 $1,141
85$1,351,000 $783
81$1,340,000 $972
65$1,328,000 $1,040

SF Zips

In the cheapest zip code – 94124 – the median home sale price was slightly over $650K.

RankZip codesNo. of transactionsMedian sale priceMedian price per sq. ft.
57$653,000 $521
63$710,000 $567
41$760,000 $604
494112111$807,000 $592
23$825,000 $898
54$900,000 $975
79410818$940,000 $1,104
89410986$980,000 $978
84$1,083,000 $794
97$1,105,000 $709

Download our complete San Francisco Report for Q2 here.

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