San Francisco is the number one city to sell a home in, according to SpotProperty’s Home Seller Index.
The City by the Bay beat out Sacramento to claim the top spot.
Overall, the Home Seller Index shows that the Californian housing market is strong for home sellers. Four of the top five cities are located in the Sunshine State. In the same vein, six of the 10 best places to sell a home are located in California.
SpotProperty’s Home Seller Index examines some of the country’s largest cities to determine the top areas for home sellers. The metric uses a weighted measurement based on a city’s median days on market and the percentage of change for median price per square foot.
The complete list:
- San Francisco
- Sacramento
- Oakland
- Mesa
- San Jose
- Phoenix
- San Diego
- Las Vegas
- Denver
- Los Angeles
San Francisco reached the top spot through a combination of fast home sales and rising housing prices.
Today, the median days on market for a San Francisco home is a staggeringly low 16 days. In September 2011, the median days on market for a San Francisco home stood at 63 days.
In conjunction with rapid home sales, San Francisco homes have gained value. The median list price per square foot is higher than it was during the same time in 2011 and 2010.
During the past 12 months, San Francisco has seen an 18 percent increase in the median cost per square foot for homes. Today the cost for a square foot of housing is $617. This is almost $100 more than in 2011 when it stood at $521. Furthermore, the current price is 13 percent higher than in 2010 when $548 was the going rate for a square foot of house.
The SpotProperty Blog is a service of SpotProperty, the first daily deal website for home buyers. In fewer than five minutes, home buyers can sign up to receive custom emails that include homes listed for 10 to 20 percent below market value. Homes are personal. So are SpotProperty deals.
Related posts:
- San Francisco Housing Market Tops List of Best Places to Sell a Home
- All Cities are Not Created Equal When it Comes to Home Deals
- Los Angeles Housing Market Sneaks Into List of Best Places to Sell a Home
- San Jose Housing Inventory Continues to Drop
- Houston Housing: City Transitions to Buyers’ Market
