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


The number of homes in the Overall Sales category sold in AUGUST were almost the same as the previous month but less than 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 increased from the previous month but was slightly less 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 more than a year ago. Average days on the market increased from the previous month but was lower than a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by more than 16%! 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.

August 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 35 $2,938,029 $3,034,849 103.30% 41
Single Family Under $2M 169 $1,088,868 $1,267,300 116.39% 24
Condominium 157 $1,225,589 $1,294,110 105.59% 37
Loft Condo 14 $1,016,231 $1,014,338 99.81% 65
Co-op 2 $2,472,500 $2,637,500 106.67% 45
TIC 17 $1,068,000 $1,139,588 106.70% 40
ALL * 456 $1,445,506 $1,549,877 107.22% 34

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

August 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $2,899,025 $3,002,100 103.56% 39
Single Family Under $2M 149 $1,028,845 $1,154,189 112.18% 31
Condominium 209 $1,199,902 $1,227,176 102.27% 46
Loft Condo 14 $977,571 $1,003,214 102.62% 47
Co-op 8 $1,408,063 $1,378,000 87.86% 53
TIC 19 $974,995 $1,016,579 104.27% 44
ALL * 490 $1,405,251 $1,471,191 104.69% 42

* 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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