866.224.8024
e-team@sfresidence.com

September 2018 Report – San Francisco Real Estate Market Update for August 2018


The number of homes in the Overall Sales category sold in AUGUST decreased for the second month in a row 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. Now that summer is coming to an end we expect to see these numbers tick up in the next few months. 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 LESS than the previous month as well as a year ago. Average days on the market inched up slightly from the previous month (possibly due to the extreme DOM in the Co-op category) but was less than a year ago.

What do these current numbers all mean? Single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 16% which indicates an extremely strong sellers’ market! In fact all the categories we track sold for more, on average, than the list price with the exception of Co-ops. 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.

August 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 52 $2,866,808 $3,022,939 105.45% 23
Single Family Under $2M 123 $1,183,248 $1,377,008 116.38% 22
Condominium 180 $1,289,999 $1,356,161 105.13% 31
Loft Condo 17 $1,104,851 $1,146,479 103.77% 30
Co-op 2 $1,269,500 $1,264,000 99.57% 96
TIC 20 $1,372,750 $1,442,069 105.05% 39
ALL * 435 $1,583,942 $1,691,283 106.78% 29

July 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 59 $3,038,159 $3,257,786 107.23% 22
Single Family Under $2M 129 $1,211,287 $1,419,042 117.15% 20
Condominium 225 $1,143,421 $1,227,166 107.32% 29
Loft Condo 18 $1,279,640 $1,321,833 103.30% 29
Co-op 4 $2,008,750 $1,975,625 98.35% 93
TIC 13 $1,250,692 $1,319,345 105.49% 37
ALL * 498 $1,540,581 $1,664,016 108.01% 27

August 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 35 $2,938,029 $3,034,849 103.30% 41
Single Family Under $2M 169 $1,088,868 $1,267,300 116.39% 24
Condominium 157 $1,225,589 $1,294,110 105.59% 37
Loft Condo 14 $1,016,231 $1,014,338 99.81% 65
Co-op 2 $2,472,500 $2,637,500 106.67% 45
TIC 17 $1,068,000 $1,139,588 106.70% 40
ALL * 456 $1,445,506 $1,549,877 107.22% 34

* 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.