866.224.8024
e-team@sfresidence.com

February 2017 Report – San Francisco Real Estate Market Update for January 2017


The number of homes in the Overall Sales category sold in January were far less than the previous month and a little less 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 decreased from the previous month but were higher than 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 slightly from 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, notice the average sold versus list price percentages on all categories were 100% or better.

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.

January 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 19 $3,299,573 $3,335,947 101.10% 37
Single Family Under $2M 80 $1,054,353 $1,147,125 108.80% 44
Condominium 113 $1,215,510 $1,219,582 100.34% 52
Loft Condo 7 $788,880 $796,737 101.00% 72
Co-op 1 $1,850,000 $1,850,000 100.00% 86
TIC 15 $977,933 $1,020,333 104.34% 87
ALL * 268 $1,500,683 $1,530,770 102.00% 53

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

January 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 49 $3,715,947 $3,713,037 99.92% 49
Single Family Under $2M 81 $986,575 $1,094,022 110.89% 38
Condominium 111 $1,158,808 $1,191,728 102.84% 43
Loft Condo 7 $828,000 $868,429 104.88% 53
Co-op 4 $1,798,000 $1,860,250 103.46% 49
TIC 20 $978,200 $1,038,663 106.18% 98
ALL * 289 $1,451,965 $1,518,562 104.59% 48

* 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 RealtorsĀ® (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.