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February 2019 Report – San Francisco Real Estate Market Update for January 2019


The number of homes in the Overall Sales category sold in DECEMBER decreased again from last month as well as a year ago in the San Francisco Real Estate Market. And the average sale prices versus list price decreased for both last month as well as a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market increased over both 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, but the average dropped to 5% over the asking price (from 14% over) in both the previous month as well as a year ago . In fact all the categories we track were down, on average, over both previous tables. For the first time in a long time, two of our condominium categories were UNDER 100%. This could indicate that sellers are getting more realistic and buyers are standing firm on their offers.

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.

January 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 20 $3,207,650 $3,273,250 102.05% 44
Single Family Under $2M 75 $1,186,120 $1,255,201 105.82% 40
Condominium 83 $1,134,052 $1,142,073 100.71% 53
Loft Condo 8 $1,276,750 $1,238,602 97.01% 70
Co-op 3 $2,323,333 $2,208,333 95.05% 170
TIC 16 $1,122,806 $1,133,656 100.97% 47
ALL * 233 $1,532,125 $1,552,465 101.33% 53

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

January 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 23 $3,271,304 $3,349,180 102.38% 48
Single Family Under $2M 67 $1,066,938 $1,215,498 113.92% 31
Condominium 102 $1,178,433 $1,210,584 102.73% 49
Loft Condo 8 $1,142,250 $1,116,688 97.76% 73
Co-op 9 $2,999,222 $2,771,480 92.41% 100
TIC 12 $1,345,167 $1,344,833 99.98% 73
ALL * 258 $1,728,550 $1,784,461 103.23% 48

* 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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