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


The number of homes in the Overall Sales category sold in OCTOBER were much 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. Although the average sale prices increased slightly from the previous month but were much less than a year ago. Even so, the percentage increase of average sold price over the average list price was almost the same as the previous month but much more than a year ago. Average days on the market dropped 10 days from the previous month but were 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 16%! San Francisco real estate continues to perform EXTREMELY WELL! 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.

October 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 72 $3,417,757 $3,648,110 106.74% 20
Single Family Under $2M 153 $1,122,885 $1,302,802 116.02% 24
Condominium 244 $1,279,999 $1,354,372 105.81% 29
Loft Condo 22 $1,012,359 $1,022,359 100.99% 46
Co-op 2 $947,000 $1,108,500 117.05% 40
TIC 30 $849,400 $922,000 108.55% 35
ALL * 571 $1,567,876 $1,691,375 107.88% 29

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

October 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 60 $4,077,013 $4,118,933 101.03% 27
Single Family Under $2M 161 $1,110,004 $1,238,252 111.55% 27
Condominium 181 $1,256,455 $1,297,903 103.30% 33
Loft Condo 11 $996,000 $1,008,364 101.24% 61
Co-op 3 $897,333 $880,000 98.07% 58
TIC 19 $1,115,787 $1,172,053 105.04% 41
ALL * 490 $1,664,569 $1,740,268 104.55% 33

* 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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