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


The number of homes in the Overall Sales category sold in SEPTEMBER were less 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 slightly from the previous month as well as 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 slightly from the previous month but about the same as a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by more than 17%! 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.

September 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 31 $3,199,742 $3,387,308 105.86% 33
Single Family Under $2M 129 $1,055,385 $1,241,873 117.67% 27
Condominium 141 $1,153,708 $1,211,596 105.02% 44
Loft Condo 7 $1,043,571 $1,090,571 104.50% 17
Co-op 5 $2,812,800 $2,770,500 98.50% 66
TIC 13 $981,154 $1,029,029 104.88% 44
ALL * 378 $1,490,555 $1,596,558 107.11% 39

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

September 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 28 $2,928,536 $3,102,176 105.93% 26
Single Family Under $2M 128 $1,054,262 $1,166,058 110.60% 42
Condominium 163 $1,202,790 $1,249,265 103.86% 38
Loft Condo 19 $944,131 $976,999 103.48% 38
Co-op 3 $2,039,967 $2,152,333 105.51% 27
TIC 22 $1,061,227 $1,080,114 101.78% 58
ALL * 394 $1,317,814 $1,395,275 105.88% 40

* 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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