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


The number of homes in the Overall Sales category sold in November were about the same as the previous month but were more than a year ago in the San Francisco Real Estate Market. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. However, the average sale prices dipped significantly from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was more than the previous month but less than a year ago. Average days on the market increased slightly over the last two time periods.

What do these numbers all mean? Once again, single family homes UNDER $2M sold (on average) over the asking price, almost 10% over, and continue to be the biggest winners. However you should notice the average sold percentages of the other categories (except for cooperatives) are much closer to 100% of the list prices if not LESS. This could mean that our market is reaching a more normal state with longer escrow times (more than 30 days). However, the real test will be early next year as we ramp up for 2017. 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.

November 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 43 $3,843,674 $3,829,619 99.63% 46
Single Family Under $2M 155 $1,127,998 $1,239,957 109.93% 35
Condominium 206 $1,098,893 $1,156,433 105.24% 37
Loft Condo 18 $1,039,722 $1,049,500 100.94% 46
Co-op 7 $1,456,857 $1,446,804 99.31% 46
TIC 17 $952,118 $968,941 101.77% 44
ALL * 489 $1,444,592 $1,512,341 104.69% 39

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

November 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 39 $3,486,256 $3,692,241 105.91% 32
Single Family Under $2M 128 $1,040,029 $1,170,506 112.55% 25
Condominium 159 $1,201,618 $1,284,369 106.89% 33
Loft Condo 17 $1,053,588 $1,105,802 103.96% 42
Co-op 5 $1,494,000 $1,551,000 103.82% 42
TIC 10 $1,321,400 $1,376,400 104.116% 59
ALL * 399 $1,472,594 $1,576,964 107.09% 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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