The City View: April Update

April 2025 Market Snapshot: Caution Amid Strong Demand

The San Francisco real estate market in April was strongly influenced by uncertainty in the national economy. While buyer demand remained strong, particularly for single-family homes, economic uncertainties and high mortgage rates tempered overall market activity. These uncertainties caused stagnation in our market, and we have seen some buyers head to the sidelines until they have a better idea of the direction the economy is heading. Buyers remain active but are increasingly cautious, and sellers may need to adjust expectations accordingly. Homes that need work have become tougher sells, as buyers are worried that tariffs will have a direct effect on the cost of construction. We see this as a good time for buyers, as San Francisco's market always seems to rebound — and this might be that temporary break in what had been appearing to be a red-hot market.

Current Listings

2471 Clay Street

3 BED · 3.5 BATH · 1 CAR PARKING w/EV
www.TownhouseatThePacific.com
OFFERED AT $4,195,000

1812 Scott Street

3 BED · 2.5 BATH  · 1 CAR PARKING
www.1812Scott.com
OFFERED AT $2,595,000

47 Crecienta Lane · Sausalito

4 BED · 2.5 BATH  · 1 CAR PARKING
www.47CrecientaLane.com
OFFERED AT $2,375,000

24 Josiah Avenue

4 BED · 3 BATH · 2 CAR PARKING
www.24Josiah.com
OFFERED AT $1,395,000

461 2nd Street #C302

1 BED · 1.5 BATH · 1 CAR PARKING
www.ClocktowerC302.com
OFFERED AT $1,299,000

400 Spear Street #104

1 BED · 1 BATH · 1 CAR PARKING
www.400Spear104.com
OFFERED AT $939,000

1 Kelton Court #7H · Oakland

1 BED · 1 BATH · 1 CAR PARKING 
www.CityRealEstateSF.com
OFFERED AT $509,000

Coming Soon

301 Mission Street #31C

2 BED+DEN · 3.5 BATH · 1 CAR PARKING
www.CityRealEstateSF.com
OFFERED AT $1,995,000

837 Union Street

2 BED · 1 BATH · 1 LEASED PARKING
www.837UnionStreet.com
OFFERED AT $979,000

25A Alpine Terrace

1 BED · 1 BATH 
www.25AlpineTerrace.com
OFFERED AT $899,000

Just Sold

3710-3712 Fillmore Street 

3 UNITS · 2 CAR PARKING
www.3710-3712fillmorest.com
SOLD FOR $2,800,000

3730 Fillmore Street

2 BED · 2 BATH · 2 CAR PARKING
www.3730FillmoreSt.com
SOLD FOR $2,200,000

4005 Mission Street #2

3 BED · 2 BATH · 1 CAR PARKING 
www.StMarysCondo.com
SOLD FOR $1,700,000

1832 Judah Street

5 UNITS · 3 CAR PARKING
www.1832Judah.com
SOLD FOR $1,412,500

The Stats

The Disconnect Between Condos & Single-Family Homes

Throughout recent years, we’ve seen single-family homes maintain their values fairly well in San Francisco, with the median sale price of a single-family home in the area increasing by 6.63% over the course of the past four years. However, when we turn to the condo market, these homes have not been holding their value nearly as well, with the median sale price for a condo in San Francisco decreasing by 12.52% over the course of the past 4 years. This dip is a little bit skewed, as SOMA and downtown condos are weighting this percentage.  North side condos have not fallen nearly as much and have proven more stable in this 4 year period.

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