Are San Francisco Prices Cooling a Little?
Looking at market statistics for Q1, this is what I’m seeing: houses under $2m: the market is as hot as ever; houses over $2m cooling a little; condos under $1.5m definitely cooling (probably most in D9 with competition from new projects); condos over $1.5m cooling down very significantly (especially in D9, and the general South Beach area in particular, with the growing and upcoming competition from new ultra-luxury projects).
Obviously, Q2 being a much more active market, those statistics will be much more useful, but these are the trends showing up now. One quarter’s data is not definitive.
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