August 2025
General Market Trends in San Francisco:
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Year-over-Year Increase: The 3-month rolling median house sales price in July 2025 was up by a little more than 5% year-over-year, indicating a rebound in home values.
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Divergence from National Trends: Unlike cooling trends in most other counties and the country, San Francisco's home prices are climbing, with fewer price reductions and declining supply of listings.
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Condo Market Surge: The 3-month rolling median condo sales price in July 2025 increased by about 1.5% year-over-year, marking the biggest surge in condo values since 2022.
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Luxury Market Growth: Luxury home sales ($5M+) in July 2025 were substantially higher year-over-year, reflecting increased activity in the high-end market.
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AI Boom Impact: The AI industry is driving significant changes in San Francisco, attracting younger workers and boosting the housing market. Rents are climbing, and home prices are increasing year-over-year.
These trends are largely driven by the AI boom, which is attracting younger workers and creating new wealth in the city.
Luxury Market in San Francisco:
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Luxury Home Sales:
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Sales of houses priced at $5 million+ and condos/co-ops priced at $3 million+ are concentrated in specific districts like Pacific Heights, South Beach, and SoMa.
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Luxury house sales in July 2025 were higher year-over-year, with spring and fall being peak seasons.
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For houses priced $5 million+, there were 7 sales reported in the past 12 months, including 3 in Pacific Heights and 1 each in Presidio Heights, Cow Hollow, Russian Hill, and Sea Cliff.
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For condos/co-ops priced $3 million+, 90 sales were reported, with 14 co-ops and 6 TICs included. Notable districts include South Beach, SoMa, and Yerba Buena.
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Price Segments:
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Houses priced $5M-$6.99M: 16 sales.
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Houses priced $7M-$9.99M: 6 sales.
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Houses priced $10M+: 1 sale per month on average, with a 10-month inventory supply.
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Condos priced $3M-$3.99M: 27 sales.
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Condos priced $4M-$4.99M: 14 sales.
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Condos priced $5M+: 8 sales.
Market Performance Metrics:
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Overbidding: 48% of home sales closed over the list price in July 2025, with houses at 70% and condos at 30%.
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Average Sales Price to List Price: Houses sold at an average of 111% of the list price, while condos sold at 99%.
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Days on Market: Houses sold faster (27 days on average) compared to condos (62 days).
Additional Insights:
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Median House Prices: San Francisco's median house price for 4-bedroom, 3-bath homes is $2.16M, with a median dollar per square foot of $935. For 5+ bedroom homes, the median price is $4.9M, with $1,202 per square foot.
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Condo Market: The median price for 2-bedroom, 2-bath condos is $1.25M, with $1,035 per square foot.
Conclusion:
San Francisco's luxury market is thriving, driven by the AI boom and high demand for premium properties. The city remains a hotspot for high-value real estate, with strong overbidding trends and concentrated activity in affluent districts.
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