West Coast New Condo Prices
Up Since Last Summer
Lack of significant new condo inventory is pushing pricing up in several West Coast markets. At the end of August, there were 1,587 new condos on the market across San Francisco, Los Angeles, San Diego and Seattle.
Los Angeles, Seattle and San Diego each have only two major condo developments selling new product, which will continue to provide an anemic condo supply in these markets and drive up pricing in the downtown cores. San Francisco's condo market has the most units available, and was the only city to report a pricing decline during the summer compared to 2016, according to data from The Mark Co.
Check out how each condo market stacked up through the end of August.
San Francisco
Condo Pricing Index: $1,127/SF
New Construction Sales: 230 (summer)
New Condos Available (at end of August): 799
Resale Pricing: $1,044/SF
Months of Resale Inventory: 1.9 months
Summer did not slow down condo sales in San Francisco with 96 new condo units…
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