What do San Francisco’s most expensive residential home sales in 2021 have in common? It’s not a look — they are all very different in terms of aesthetics and style. It’s not age — some are mid-century while others are well over 100 years old. So what is it? In a word: popularity. This year was all about the speediness of sales of luxury homes in San Francisco, with properties over $10 million dollars in hot demand, most selling quickly and some in as little as a few weeks.
The median sold home price for all property types in this year-end quarter is $1.528 million (this includes tenancy in common, condos, co-ops, land, multi- and single-family homes), up 7.6% year-over-year compared with December 2020. On the elite end of the spectrum, luxury properties continued to enjoy extreme (and expensive) popularity this year, with multiple homes closing at prices well over $19 million in San Francisco proper.