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January 2019 Report – San Francisco Real Estate Market Update for December 2018


The number of homes in the Overall Sales category sold in DECEMBER decreased dramatically over last month as well as a year ago in the San Francisco Real Estate Market however average sale prices versus list price continued to increased over both last month and a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close.

Our market continues to slow as is evidenced by the drops in number of homes sold from a month ago as well as a year ago. As you can see the percentage increase of average sold price over the average list price continue to be over 100% compared to the previous month as well as a year ago. Average days on the market continue to creep up from the previous month as well as a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer by almost 15% over the asking price. In fact all the categories we track sold for more, on average, than the list price (with the exception of lofts).

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.

December 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 44 $2,950,273 $2,986,864 101.24% 35
Single Family Under $2M 113 $1,164,366 $1,332,518 114.44% 32
Condominium 150 $1,379,109 $1,392,673 100.98% 43
Loft Condo 12 $1,082,226 $1,066,634 98.56% 58
Co-op 4 $1,503,250 $1,508,750 100.37% 20
TIC 14 $899,964 $926,722 102.97% 52
ALL * 381 $1,632,472 $1,674,517 102.58% 41

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

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

* 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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