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More Than $800 Million Worth of SF Condos Sold During 2013

It's no secret that the luxury condo market in San Francisco is booming, with even 1-BR condos regularly fetching over $1 million. San Francisco luxury condo broker Gregg Lynn has compiled all of the facts and figures for 2013 and determined that more than $837 million was spent on San Francisco condos, co-ops, lofts and TICs during the year. Condos that sold for $1.5 million and up accounted for a big chunk that total number, with 384 total sales, 27% more than in 2012. On the super-high end, 18 listings scored a final purchase price of more than $4 million. The average number of days that a high-end condo spent on the market plunged from 60 in 2012 to only 41 in 2013. Lynn attributes these impressive figures to the appetite for high-end condos from international buyers, empty-nesters, Silicon Valley execs and new San Francisco residents who have arrived to work at one of the area's thriving big companies. The boom is set to continue this year, especially with new high-end developments Lumina, 706 Mission and 181 Fremont all set to hit the market.

Pacific Heights
Average Price: $2,223,243
Highest Price: $5,710,000
Number Sold: 70
Percentage Sold Above Asking Price: 74%

Russian Hill
Average Price: $3,134,595
Highest Price: $6,850,000
Number Sold: 37
Percentage Sold Above Asking Price: 76%

Nob Hill
Average Price: $2,658,652
Highest Price: $7,000,000
Number Sold: 23
Percentage Sold Above Asking Price: 52%

SoMa, South Beach & Yerba Buena
Average Price: $2,260,380
Highest Price: $7,850,000
Number Sold: 86
Percentage Sold Above Asking Price: 44%
· Mapping the Crazy World of $1M+ One Bedroom Condo Sales [Curbed SF]
· 2013 Luxury Condo Report [Official Site]