The median price of a single-family home in San Francisco rose to yet another all-time high by quarter in Q1 of 2018, according to a report released Wednesday by Paragon Real Estate economist Patrick Carlisle, this time hitting $1.61 million.
If accurate, this figure means that the price of a San Francisco house has nearly doubled just since 2013 and soared more than 23.8 percent since Q1 of 2017, when Paragon calculated a median of $1.3 million.
For comparison, here’s how price year-over-year prices in the first quarter breakdown for the past five years:
- 2017: $1.3 million, down 0.76 percent
- 2016: $1.31 million, up 19 percent
- 2015: $1.1 million, up 13.28 percent
- 2014: $971,000, up 14.23 percent
- 2013: $850,000, up 27.8 percent
While this year-over-year spike is not the largest in recent memory, it’s still a disconcertingly big jump, and the ongoing pile-up of new all-time highs remains as flagrant as ever.