The median price of a single-family home in San Francisco recently jumped to a new high, according to Paragon Real Estate Group.
October was a record-breaking month for luxury house sales, and more sales of expensive homes pull up the median price. The median selling price of a single-family house in San Francisco spiked by $113,000 from the crazy spike and peak in May, to a new record of – fasten your seat belt – $1.588 million, according to Paragon Real Estate Group. This was up 13.4% from October last year.
However, the market for condos and TICs (Tenancy in Common) wasn’t so high. The median price for both after a downturn last year, hasn’t moved all that much since early 2015.
Read more: Business Insider San Francisco House Prices Just Set a Crazy New Record