San Francisco’s housing market has lost its mind

San Francisco’s luxury housing market is surging as tech wealth fuels record-fast, over-asking sales.

A Cow Hollow home sold for $15 million and a Presidio Heights property for $8.2 million, both far above asking.

Redfin says luxury home sales rose 22% year over year and are moving faster, while non-luxury prices stayed mostly flat.

The boom is tied to cash-outs and secondary sales from major AI and tech firms, raising the chance of more pressure ahead.