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


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

What do these numbers all mean? Once again, single family homes UNDER $2M sold (on average) over the asking price, almost 12% over, and continue to be the biggest winners. You will also notice the average sold percentages of the other categories (except for cooperatives) are also all 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.

October 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 60 $4,077,013 $4,118,933 101.03% 27
Single Family Under $2M 161 $1,110,004 $1,238,252 111.55% 27
Condominium 181 $1,256,455 $1,297,903 103.30% 33
Loft Condo 11 $996,000 $1,008,364 101.24% 61
Co-op 3 $897,333 $880,000 98.07% 58
TIC 19 $1,115,787 $1,172,053 105.04% 41
ALL * 490 $1,664,569 $1,740,268 104.55% 33

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

October 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 46 $3,245,348 $3,459,136 106.59% 22
Single Family Under $2M 184 $1,046,079 $1,192,832 114.03% 26
Condominium 201 $1,112,595 $1,209,990 108.75% 25
Loft Condo 20 $1,036,650 $1,086,350 104.79% 38
Co-op 4 $631,250 $662,500 104.95% 29
TIC 22 $984,773 $1,113,409 113.06% 35
ALL * 521 $1,333,111 $1,461,708 109.65% 27

* 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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