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January 2018 Report – San Francisco Real Estate Market Update for December 2017


The number of homes in the Overall Sales category sold in DECEMBER were far 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 were about the same as the previous month as well as a year ago. The percentage increase of average sold price over the average list price dropped from the previous month but were slightly higher than a year ago. Average days on the market increased slightly from the previous month but were much 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 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.

December 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 36 $3,815,833 $3,785,606 99.21% 41
Single Family Under $2M 105 $1,146,484 $1,323,063 115.40% 23
Condominium 188 $1,265,036 $1,297,914 102.60% 39
Loft Condo 21 $1,053,310 $1,077,762 102.32% 37
Co-op 3 $1,691,667 $1,591,667 94.09% 161
TIC 22 $1,233,500 $1,272,123 103.13% 74
ALL * 422 $1,568,443 $1,629,430 103.89% 38

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

December 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 43 $3,282,163 $3,305,823 100.72% 50
Single Family Under $2M 145 $1,091,108 $1,186,061 108.70% 39
Condominium 191 $1,218,648 $1,238,088 101.60% 47
Loft Condo 16 $1,098,406 $1,066,219 97.07% 55
Co-op 6 $2,868,833 $2,822,083 98.37% 44
TIC 15 $1,123,700 $1,123,177 99.95% 69
ALL * 460 $1,536,068 $1,570,629 102.25% 48

* 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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