866.224.8024
e-team@sfresidence.com

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


The number of homes in the Overall Sales category sold in NOVEMBER were about the same as the previous month but more than 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 slightly from the previous month but were more than a year ago. The percentage increase of average sold price over the average list price dropped by 1% from the previous month but were higher than a year ago. Average days on the market increased slightly from the previous month but were about 7 days less than a year ago.

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

November 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 58 $2,967,207 $3,123,371 105.26% 34
Single Family Under $2M 171 $1,132,554 $1,323,361 116.85% 23
Condominium 221 $1,293,333 $1,351,476 104.50% 36
Loft Condo 17 $1,144,647 $1,177,500 102.87% 36
Co-op 6 $3,560,500 $3,600,868 101.13% 33
TIC 18 $1,271,111 $1,294,444 101.84% 37
ALL * 547 $1,565,168 $1,674,497 106.99% 32

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

November 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 43 $3,843,674 $3,829,619 99.63% 46
Single Family Under $2M 155 $1,127,998 $1,239,957 109.93% 35
Condominium 206 $1,098,893 $1,156,433 105.24% 37
Loft Condo 18 $1,039,722 $1,049,500 100.94% 46
Co-op 7 $1,456,857 $1,446,804 99.31% 46
TIC 17 $952,118 $968,941 101.77% 44
ALL * 489 $1,444,592 $1,512,341 104.69% 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.






Not readable? Change text.