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May 2017 Report – San Francisco Real Estate Market Update for April 2017


The number of homes in the Overall Sales category sold in APRIL was a little less than the previous month but nearly the same 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. The average sale prices dipped slightly from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a little more than the previous month but less than a year ago. Average days on the market decreased slightly from the previous period as well as a year ago.

What do these numbers all mean? We’re beginning to sound like a broken record, but Single family homes UNDER $2M sold (on average) the best of all the categories we track, over the asking price by slightly over 18%. If you are thinking of selling 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.

April 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 49 $3,430,591 $3,521,633 102.65% 36
Single Family Under $2M 134 $1,058,002 $1,250,925 118.23% 21
Condominium 184 $1,234,583 $1,277,965 103.51% 31
Loft Condo 7 $1,093,571 $1,141,286 104.36% 29
Co-op 5 $1,317,600 $1,330,000 100.94% 35
TIC 15 $1,351,000 $1,401,962 103.77% 49
ALL * 435 $1,497,305 $1,596,727 106.64% 29

March 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 44 $3,543,477 $3,784,943 106.81% 28
Single Family Under $2M 114 $1,082,656 $1,212,671 112.01% 34
Condominium 206 $1,258,351 $1,310,946 104.18% 30
Loft Condo 24 $1,067,839 $1,103,255 103.32% 37
Co-op 3 $1,780,000 $1,803,333 101.31% 96
TIC 19 $1,295,711 $1,344,974 103.80% 32
ALL * 453 $1,572,723 $1,654,921 105.23% 34

April 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 47 $3,177,957 $3,463,830 110.00% 39
Single Family Under $2M 139 $1,080,399 $1,228,688 113.73% 30
Condominium 178 $1,271,410 $1,318,726 103.72% 40
Loft Condo 15 $1,152,800 $1,213,367 105.25% 31
Co-op 5 $3,544,000 $3,719,000 104.94% 18
TIC 11 $1,362,273 $1,412,500 103.69% 33
ALL * 436 $1,528,719 $1,640,566 107.32% 38

* 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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