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July 2017 Report – San Francisco Real Estate Market Update for June 2017


The number of homes in the Overall Sales category sold in JUNE more 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. 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 little more than the previous month as well as a year ago. Average days on the market increased from the previous period but about the same as a year ago.

What do these numbers all mean? Almost the same report as last month: once again Single family homes UNDER $2M sold (on average) the best of all the categories we track; over the asking price by slightly more than 17%. Co-ops was the only category we track that sold for LESS than the asking price, on average. 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.

June 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 55 $2,883,553 $3,054,425 105.93% 27
Single Family Under $2M 163 $1,118,442 $1,317,414 117.79% 27
Condominium 246 $1,202,025 $1,271,386 105.77% 38
Loft Condo 18 $1,265,583 $1,302,889 102.95% 34
Co-op 12 $4,333,833 $4,133,542 95.38% 38
TIC 28 $1,087,929 $1,143,689 105.13% 32
ALL * 592 $1,583,906 $1,703,815 107.57% 35

May 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 56 $3,221,889 $3,417,281 106.06% 26
Single Family Under $2M 153 $1,093,204 $1,280,397 117.12% 22
Condominium 208 $1,188,495 $1,256,579 105.73% 31
Loft Condo 22 $988,859 $1,039,182 105.09% 40
Co-op 11 $2,221,818 $2,147,872 96.67% 53
TIC 17 $1,118,088 $1,156,265 103.41% 40
ALL * 496 $1,528,824 $1,643,335 107.49% 29

June 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 58 $3,586,414 $3,576,979 99.74% 33
Single Family Under $2M 172 $1,060,757 $1,197,477 112.89% 27
Condominium 217 $1,160,645 $1,219,670 105.09% 33
Loft Condo 16 $1,012,000 $1,047,313 103.49% 43
Co-op 3 $3,116,667 $3,183,333 102.14% 33
TIC 17 $1,108,118 $1,150,765 103.84% 52
ALL * 533 $1,520,435 $1,594,936 104.90% 34

* 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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