The San Francisco Association of Realtors (SFAR) organizes broker's tour, a scheduled event where agents across brokerages walk active listings together, share market intel, and get eyes on off-market and coming-soon properties before they ever hit Zillow. I was on this week's tour — and here's exactly what we saw…

San Francisco condo prices have jumped 27% year-over-year, driven largely by buyers who can no longer compete in the single-family home market. With limited inventory, rising tech-driven wealth, and intense competition in prime neighborhoods, demand has shifted sharply into larger condos and multi-unit properties. This post breaks down what’s behind the surge, where the market is moving fastest, and what it means for buyers and sellers right now.

While headlines point to rising inventory, price drops, and slow sales, that reality is heavily concentrated in downtown neighborhoods like SoMa, South Beach, and Mission Bay. Remove those areas from the equation, and a completely different story emerges: one where demand is strong, inventory is tight, and well-located condos are selling fast—often with multiple offers.

Artificial intelligence is changing the San Francisco real estate market in real time. From AI company expansion to returning tech buyers, here’s what the shift means for homeowners, investors, and anyone watching the SF market.

A Pre-Qualification can be a great baseline for what you can afford, but this is just a ballpark estimate. To win a bidding war, you need a verified Pre-Approval—where an underwriter actually clears your documents. In today's market, a pre-qual starts the conversation, but a pre-approval closes the deal.

SpaceX. Stripe. OpenAI. Anthropic. A quiet but significant IPO pipeline is building beneath SF's tech ecosystem — and historically, when private market liquidity unlocks at this scale, San Francisco real estate moves with it. Here's what the data is signaling right now.