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


The number of homes in the Overall Sales category sold in FEBRUARY increased from last month but was less than a year ago in the San Francisco Real Estate Market. And the average sale prices versus list price increased slightly 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 decreased significantly over the previous month but about the same as a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. The average increase was almost 16% over the asking price compared to the previous month but was still less than a year ago . In fact in all the categories we track the average sales price was over 100% of sales price with the exception of Co-ops.Hopefully this means the real estate market is starting to heat up again.

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.

February 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 32 $3,248,313 $3,318,656 102.17% 38
Single Family Under $2M 76 $1,113,864 $1,289,858 115.80% 25
Condominium 123 $1,307,651 $1,348,464 103.12% 40
Loft Condo 13 $1,011,615 $1,035,077 102.32% 32
Co-op 1 $2,350,000 $2,300,000 97.87% 127
TIC 18 $1,629,833 $1,643,500 100.84% 47
ALL * 283 $1,565,701 $1,642,855 104.93% 38

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

February 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 39 $3,246,895 $3,427,561 105.56% 23
Single Family Under $2M 61 $1,140,536 $1,353,166 118.64% 22
Condominium 160 $1,218,400 $1,280,675 105.11% 36
Loft Condo 12 $1,016,500 $1,048,375 103.14% 32
Co-op 1 $580,000 $590,000 101.72% 87
TIC 19 $1,336,971 $1,389,026 103.89% 54
ALL * 329 $1,573,983 $1,666,062 105.85% 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.






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