SAN FRANCISCO—Condominium prices increased inSan Francisco by 19%, significantly higher than in other westerncities, according to a measure released this week by TheMark Company, a leading urban residential marketing andsales firm.
The Mark Company Condominium Pricing Index for Aprilwas $1,115 per square foot, up 8% from March.Prices increased in Seattle and Los Angeles as well, although notas dramatically.
“Low inventory and strong demand are resulting in a steadyincrease in prices in all three markets,” notes ErinKennelly, senior director of research, The Mark Company.“San Francisco and Downtown Seattle in particular have experiencedstrong gains so far this year.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
