Bay Area market conditions regulate slightly in July

Pacific Union reports double-digit price increases for single-family homes in Marin County
  • The median single-family home price in San Francisco hit $1.37 million in July, while the median condominium price dipped to $1.08 million.
  • Median sales price in Marin County grew 12 percent year-over-year.
  • Silicon Valley remained the most expensive region, with a median sales price of $2.8 million.

Although sellers may not feel as warm, the Bay Area market normalizing to more realistic appreciation rates is considered positive news for housing health, according to Pacific Union’s July report on Bay Area real estate.