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October 2016 Report – San Francisco Real Estate Market Update for September 2016


The number of homes in the Overall Sales category sold in September decreased from the previous month but were higher than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in August given a typical 30 day close. The average sale prices decreased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a bit more than the previous month but less than a year ago. Average days on the market decreased slightly.

What do these numbers all mean? Single family homes UNDER $2M which sold (on average) just slightly more than 10% over the asking price continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices. For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

September 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 28 $2,928,536 $3,102,176 105.93% 26
Single Family Under $2M 128 $1,054,262 $1,166,058 110.60% 42
Condominium 163 $1,202,790 $1,249,265 103.86% 38
Loft Condo 19 $944,131 $976,999 103.48% 38
Co-op 3 $2,039,967 $2,152,333 105.51% 27
TIC 22 $1,061,227 $1,080,114 101.78% 58
ALL * 394 $1,317,814 $1,395,275 105.88% 40

August 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $2,899,025 $3,002,100 103.56% 39
Single Family Under $2M 149 $1,028,845 $1,154,189 112.18% 31
Condominium 209 $1,199,902 $1,227,176 102.27% 46
Loft Condo 14 $977,571 $1,003,214 102.62% 47
Co-op 8 $1,408,063 $1,378,000 87.86% 53
TIC 19 $974,995 $1,016,579 104.27% 44
ALL * 490 $1,405,251 $1,471,191 104.69% 42

September 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 23 $2,538,217 $3,038,000 119.69% 23
Single Family Under $2M 128 $968,792 $1,127,101 116.34% 26
Condominium 134 $1,069,498 $1,175,794 109.94% 32
Loft Condo 15 $965,936 $1,028,336 106.46% 42
Co-op 4 $2,692,000 $2,311,250 85.86% 34
TIC 14 $1,111,693 $1,151,857 103.61% 43
ALL * 367 $1,333,555 $1,491,882 111.87% 32

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4

Units, and 5+ Units.

** Figures subject to change as Multiple
Listing Service is updated.

+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.






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