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November 2018 Report – San Francisco Real Estate Market Update for October 2018


The number of homes in the Overall Sales category sold in OCTOBER increased dramatically over last month but were about the same 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 over we expect to see these numbers drop in the next few months as the holidays are just around the corner as people don’t like to sell around Christmas time. The average sale prices continues to tick upward from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was slightly MORE than the previous month but slightly LESS than a year ago. Average days on the market dropped slightly from the previous month as well as a year ago.

What do these current numbers all mean? We’re starting to sound like a broken record, but Single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 115% 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.

October 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 84 $3,586,369 $3,742,042 104.34% 22
Single Family Under $2M 159 $1,160,429 $1,339,720 115.45% 26
Condominium 263 $1,285,358 $1,369,437 106.54% 25
Loft Condo 4 $1,208,750 $1,241,750 102.73% 55
Co-op 2 $2,147,000 $2,092,500 97.46% 53
TIC 18 $907,472 $1,014,264 111.77% 38
ALL * 576 $1,723,592 $1,846,343 107.12% 26

September 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 32 $3,364,984 $3,480,867 103.44% 34
Single Family Under $2M 110 $1,163,958 $1,364,626 117.24% 19
Condominium 151 $1,203,329 $1,275,473 105.99% 28
Loft Condo 6 $1,068,833 $1,234,208 115.47% 11
Co-op 3 $1,881,667 $1,833,333 97.43% 103
TIC 15 $1,020,933 $1,073,000 105.10% 46
ALL * 367 $1,600,594 $1,712,962 107.02% 30

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

* 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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