Boosted by the official opening of the sales office for the new Mission District development at 1188 Valencia Street (a.k.a. 1198 Valencia), the number of purchase contracts signed for new construction condos in San Francisco totaled 80 in January versus 18 in January of 2017, according to sales office data collected by The Mark Company.
At the same time, the inventory of new construction condos available to purchase in the city has dropped to 651, which is now 34 percent lower versus the same time last year.
And having ticked up 2.1 percent at the end of last year, the Mark Company’s pricing index for new construction condos in San Francisco ticked up another 1.9 percent in January and is now running 5.7 percent higher versus the same time last year but remains 9.0 percent below its peak in August of 2015.