The San Francisco 2-4 multi-unit market has seen a steady increase in values since 2011. Values in the first half of 2019 have remained stable and strong, with 2-4 multi-unit properties trading at approximately the same price per square foot as in 2018. Transaction volume was slow in Q1, with 69 buildings sold – a notable decline from the same time last year, when 101 buildings were sold. Sales picked back up in Q2 with 133 buildings sold, making it consistent with the sales volume seen in Q2 of 2018.
Overall, the San Francisco 2-4 multi-unit market had a strong finish to the first half of 2019. The median sale price for 2-4 multi-unit buildings came in at just under $2.1 million in Q2, representing a 5% increase from the same time last year. The median market time saw a one-day decrease, coming in at a competitive 22 days.
Accurately priced properties are selling quickly, with more than 50% of listings being sold within the first 30 days of being on the market. We expect to see values stay strong and stable throughout the second half of 2019.