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February 2018 Report – San Francisco Real Estate Market Update for January 2018


The number of homes in the Overall Sales category sold in JANUARY too another dip from the previous month. That’s two in a row. And it was slightly less 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 were much higher than both the previous month and those from a year ago. The percentage increase of average sold price over the average list price were about the same as the previous month but slightly higher than a year ago. Average days on the market increased by 10 days from the previous month.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by almost 14%! However, we had 3 categories in the condominium segment (lofts, co-ops and TICs) that sold less, on average, than the list price. This is highly unusual for the San Francisco real estate market which  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.

January 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 23 $3,271,304 $3,349,180 102.38% 48
Single Family Under $2M 67 $1,066,938 $1,215,498 113.92% 31
Condominium 102 $1,178,433 $1,210,584 102.73% 49
Loft Condo 8 $1,142,250 $1,116,688 97.76% 73
Co-op 9 $2,999,222 $2,771,480 92.41% 100
TIC 12 $1,345,167 $1,344,833 99.98% 73
ALL * 258 $1,728,550 $1,784,461 103.23% 48

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

January 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 19 $3,299,573 $3,335,947 101.10% 37
Single Family Under $2M 80 $1,054,353 $1,147,125 108.80% 44
Condominium 113 $1,215,510 $1,219,582 100.34% 52
Loft Condo 7 $788,880 $796,737 101.00% 72
Co-op 1 $1,850,000 $1,850,000 100.00% 86
TIC 15 $977,933 $1,020,333 104.34% 87
ALL * 268 $1,500,683 $1,530,770 102.00% 53

* 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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