866.224.8024
e-team@sfresidence.com

January 2017 Report – San Francisco Real Estate Market Update for December 2016


The number of homes in the Overall Sales category sold in December were less than the previous month as well as 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 increased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was less than the previous month as well as a year ago. Average days on the market increased by 9 days over the previous period.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) over the asking price were the biggest winner once again, selling almost 9% over. However you should notice the average sold versus list price percentages of three CONDO categories dipped under 100%. Could this indicate a softening of the market? We shall see what the January market bring.

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.

December 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 43 $3,282,163 $3,305,823 100.72% 50
Single Family Under $2M 145 $1,091,108 $1,186,061 108.70% 39
Condominium 191 $1,218,648 $1,238,088 101.60% 47
Loft Condo 16 $1,098,406 $1,066,219 97.07% 55
Co-op 6 $2,868,833 $2,822,083 98.37% 44
TIC 15 $1,123,700 $1,123,177 99.95% 69
ALL * 460 $1,536,068 $1,570,629 102.25% 48

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

December 2015 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 30 $3,443,267 $3,489,783 101.35% 33
Single Family Under $2M 157 $1,038,294 $1,162,917 112.00% 34
Condominium 201 $1,200,812 $1,228,260 102.29% 41
Loft Condo 19 $1,094,947 $1,147,474 104.80% 47
Co-op 3 $3,627,667 $3,466,667 95.56% 63
TIC 31 $1,237,129 $1,278,202 103.32% 56
ALL * 484 $1,386,682 $1,450,058 104.57% 41

* 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.






Not readable? Change text.