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


The number of homes in the Overall Sales category sold in JULY were less than the previous month but about 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 decreased from the previous month but was more than a year ago. The percentage increase of average sold price over the average list price was almost the same as the previous month but was much more than a year ago. Average days on the market decreased from the previous month as well as a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by almost 20%! Regardless of the crazy political climate in the City, San Francisco real estate continues to perform! 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.

July 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 52 $3,098,979 $3,243,611 104.67% 31
Single Family Under $2M 148 $1,061,060 $1,263,755 119.10% 23
Condominium 177 $1,232,592 $1,298,736 105.37% 31
Loft Condo 9 $1,019,111 $1,056,222 103.64% 54
Co-op 2 $612,000 $632,500 103.35% 6
TIC 19 $1,113,842 $1,213,947 109.26% 33
ALL * 455 $1,497,921 $1,612,828 107.67% 32

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

July 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $3,801,825 $3,807,258 100.14% 45
Single Family Under $2M 152 $1,074,595 $1,213,124 112.89% 28
Condominium 202 $1,159,615 $1,205,909 103.99% 36
Loft Condo 10 $1,093,189 $1,118,050 102.27% 49
Co-op 3 $1,383,333 $1,394,000 100.77% 35
TIC 20 $1,003,275 $1,005,050 100.18% 64
ALL * 468 $1,477,551 $1,555,444 105.27% 39

* 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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