The city is reclaiming its position as a notable financial and cultural center, gaining momentum in the anticipated technology boom, particularly in AI.
In the financial arena, mortgage rates have demonstrated relative stability over the past six weeks, hovering in the mid-six percent range.
The market grappled with challenges, including elevated interest rates, and uncertainties in the financial markets, resulting in a marked decrease in sales volume.
Despite the obstacles, December data reveals a positive shift, surpassing the figures from the same period in the previous year.
The Report focuses on condominiums, and select information on apartments has been presented. The Report covers developments with over 4 units.
Mortgage rates dropped for the fifth consecutive week with FreddieMac reporting, leading to a continued decline in mortgage rates.
Despite global conflict and declining stock markets, October achieved the highest monthly absorption level since June 2022.
It is clear that the multifamily housing market has witnessed a substantial decline across various key metrics since its height in 2021.
The median sales price for single-family homes saw a yearly decrease of approximately 7 percent in Q3, while condominiums experienced a 3.6 percent decline.
Have questions about the San Francisco or Sonoma real estate markets? Carlos D. Cabarcos is ready to help you navigate your next move. Reach out today and let’s explore how we can make your real estate experience seamless and successful.
Phone
Email
Address
2501 Mission Street San Francisco CA 94110 421 Healdsburg Ave Healdsburg CA 95448
Message sent successfully!
