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


The number of homes in the Overall Sales category sold in NOVEMBER decreased over last 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 holidays are just around the corner and many people don’t like to sell around Christmas time. Regardless, our market is slowing as is evidenced by the drops in average sales prices from a month ago as well as a year ago. As you can seem the percentage increase of average sold price over the average list price has dropped from the previous month as well as a year ago. This could indicate sellers are being forced to be more realistic about the value of their properties. Average days on the market increased from the previous month but about the same 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.

November 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 53 $3,442,790 $3,516,617 102.14% 27
Single Family Under $2M 152 $1,156,002 $1,297,757 112.26% 25
Condominium 210 $1,234,874 $1,278,204 103.51% 36
Loft Condo 10 $1,259,280 $1,270,106 100.86% 38
Co-op 4 $1,153,500 $1,141,250 98.94% 21
TIC 17 $1,292,765 $1,347,765 104.25% 46
ALL * 506 $1,592,733 $1,664,090 104.48% 33

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

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

* 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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