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June 2018 Report – San Francisco Real Estate Market Update for May 2018


The number of homes in the Overall Sales category sold in MAY increased from 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 was slightly more than the previous month as well as a year ago. The percentage increase of average sold price over the average list price was also more than the previous month as well as a year ago. Average days on the market were about the same as the previous month as well as a year ago.

What do these numbers all mean? This month, single family homes OVER $2M sold (on average) MORE than the asking price by OVER 20%! Those under $2M were over (on average) 10%! Try getting that from your savings account! All the categories we track sold for more, on average, than the list price with the exception of Co-ops which always tend to do their own thing. As always 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 it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

May 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 82 $2,936,083 $3,244,095 110.49% 19
Single Family Under $2M 159 $1,133,070 $1,368,057 120.74% 21
Condominium 259 $1,339,928 $1,429,406 106.68% 27
Loft Condo 19 $973,938 $1,041,070 106.89% 25
Co-op 6 $1,628,000 $1,580,000 97.05% 84
TIC 19 $1,256,237 $1,425,632 113.48% 26
ALL * 606 $1,621,632 $1,784,447 110.04% 26

April 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 61 $3,164,902 $3,965,359 125.29% 17
Single Family Under $2M 126 $1,128,796 $1,371,917 121.54% 19
Condominium 248 $1,260,546 $1,362,702 108.10% 26
Loft Condo 12 $1,130,149 $1,192,408 105.51% 23
Co-op 4 $728,750 $732,500 100.51% 61
TIC 24 $1,084,583 $1,211,000 111.66% 26
ALL * 529 $1,630,035 $1,774,958 108.89% 25

May 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 56 $3,221,889 $3,417,281 106.06% 26
Single Family Under $2M 153 $1,093,204 $1,280,397 117.12% 22
Condominium 208 $1,188,495 $1,256,579 105.73% 31
Loft Condo 22 $988,859 $1,039,182 105.09% 40
Co-op 11 $2,221,818 $2,147,872 96.67% 53
TIC 17 $1,118,088 $1,156,265 103.41% 40
ALL * 496 $1,528,824 $1,643,335 107.49% 29

* 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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