The San Francisco’s real estate market is off to a strong start in 2025 — the total number of home sales in March 2025 was up +11.5% year over year, and the number of $5,000,000+ home sales in March 2025 was up +65% from March 2024.
Turnkey single-family properties are today’s hottest ticket in town — buyers are snapping them up fast, often over asking price. In fact, in February 2025, sales of single-family homes were up +30.8% year-over-year, with 58.8% of these homes selling above list price. Sales volume in March 2025 increased from February and jumped +20% from March 2024. House sales made up 44.5% of March 2025 sales. Meanwhile, the condo market is moving at a slower pace, with prices dipping slightly and fewer units selling above list. Generally speaking, over the last 5-6 years, Bay Area median condo sales prices have not seen the same appreciation rates as homes have. In short, today is a great time to be a condo buyer and a single-family home seller.
One of our Examples:
440 28th Street (Noe Valley)
SOLD: +10% over asking in less than 18 hours
Our recent sale of 440 28th Street in Noe Valley is a remarkable example of the strong demand there. This Scandinavian modern home, meticulously renovated in 2023, features four bedrooms and four bathrooms across 2,675 square feet. This swift and above-asking sale highlights the high demand for well-designed, move-in-ready homes.