San Francisco's condo market is as hot as ever. Over the last year, some of the top areas, including Outer Richmond have seen prices surge. The number of condo sales doubled in the second quarter compared to last year, according to San Francisco Association of Realtors and a report by Sotheby International Realty. Balboa and the surrounding areas saw condo sales up 15%.
Pacific Heights, Cow Hollow and Presidio Heights saw “condominium sale prices continue to swell well beyond listing prices,” according to the Sotheby’s report. And, condos are selling quickly—13 days in Cow Hollow and 18 days in the Marina, the report stated.
Additionally, the highest price per square foot on a condo ever achieved in San Francisco, was reached with a recent $15 million sale of a half-floor penthouse at 181 Fremont, said Jenn Wade, representing The Mark Co., which handled the building’s sales. The price reached $4,509 per square foot, beating the previous condo sale record, set in May 2017 at $3,921 per square foot.
Read on for a peek of San Francisco's newest selection of luxury condos on the market this fall.