Four Charts About San Francisco Luxury Home Sales
The second quarter of 2018 saw the highest quarterly number of SF homes selling for $2 million and above – probably because quality family homes in good neighborhoods easily sell in the $2-2.5M category.
If we limit our view to higher-priced sales of $3m+, Q2 2018 is just a handful of transactions ahead of the Q2 2017 with a total of 97.
What’s the best time of year to sell a luxury home?
We often say there is no bad time of year to sell in San Francisco UNLESS you are in the luxury market. That’s because rich people (and their agents!) like to travel in the summer and over the school holidays.
This next chart works with homes of $3M and above. For the last few years, luxury house closings have peaked in October, reflecting a busy September buying season.