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October 2017 Report – San Francisco Real Estate Market Update for September 2017

The number of homes in the Overall Sales category sold in SEPTEMBER were less than the previous 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 average sale prices increased slightly from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was almost the same as the previous month but more than a year ago. Average days on the market increased slightly from the previous month but about the same as a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by more than 17%! San Francisco real estate continues to perform! If you are thinking of selling this is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

September 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 31 $3,199,742 $3,387,308 105.86% 33
Single Family Under $2M 129 $1,055,385 $1,241,873 117.67% 27
Condominium 141 $1,153,708 $1,211,596 105.02% 44
Loft Condo 7 $1,043,571 $1,090,571 104.50% 17
Co-op 5 $2,812,800 $2,770,500 98.50% 66
TIC 13 $981,154 $1,029,029 104.88% 44
ALL * 378 $1,490,555 $1,596,558 107.11% 39

August 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 35 $2,938,029 $3,034,849 103.30% 41
Single Family Under $2M 169 $1,088,868 $1,267,300 116.39% 24
Condominium 157 $1,225,589 $1,294,110 105.59% 37
Loft Condo 14 $1,016,231 $1,014,338 99.81% 65
Co-op 2 $2,472,500 $2,637,500 106.67% 45
TIC 17 $1,068,000 $1,139,588 106.70% 40
ALL * 456 $1,445,506 $1,549,877 107.22% 34

September 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 28 $2,928,536 $3,102,176 105.93% 26
Single Family Under $2M 128 $1,054,262 $1,166,058 110.60% 42
Condominium 163 $1,202,790 $1,249,265 103.86% 38
Loft Condo 19 $944,131 $976,999 103.48% 38
Co-op 3 $2,039,967 $2,152,333 105.51% 27
TIC 22 $1,061,227 $1,080,114 101.78% 58
ALL * 394 $1,317,814 $1,395,275 105.88% 40

* 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.

September 2017 Report – San Francisco Real Estate Market Update for August 2017

The number of homes in the Overall Sales category sold in AUGUST were almost the same as the previous month but less than 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. The average sale prices increased from the previous month but was slightly less than a year ago. The percentage increase of average sold price over the average list price was almost the same as the previous month but more than a year ago. Average days on the market increased from the previous month but was lower than a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by more than 16%! San Francisco real estate continues to perform! If you are thinking of selling this is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

August 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 35 $2,938,029 $3,034,849 103.30% 41
Single Family Under $2M 169 $1,088,868 $1,267,300 116.39% 24
Condominium 157 $1,225,589 $1,294,110 105.59% 37
Loft Condo 14 $1,016,231 $1,014,338 99.81% 65
Co-op 2 $2,472,500 $2,637,500 106.67% 45
TIC 17 $1,068,000 $1,139,588 106.70% 40
ALL * 456 $1,445,506 $1,549,877 107.22% 34

July 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 52 $3,098,979 $3,243,611 104.67% 31
Single Family Under $2M 148 $1,061,060 $1,263,755 119.10% 23
Condominium 177 $1,232,592 $1,298,736 105.37% 31
Loft Condo 9 $1,019,111 $1,056,222 103.64% 54
Co-op 2 $612,000 $632,500 103.35% 6
TIC 19 $1,113,842 $1,213,947 109.26% 33
ALL * 455 $1,497,921 $1,612,828 107.67% 32

August 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $2,899,025 $3,002,100 103.56% 39
Single Family Under $2M 149 $1,028,845 $1,154,189 112.18% 31
Condominium 209 $1,199,902 $1,227,176 102.27% 46
Loft Condo 14 $977,571 $1,003,214 102.62% 47
Co-op 8 $1,408,063 $1,378,000 87.86% 53
TIC 19 $974,995 $1,016,579 104.27% 44
ALL * 490 $1,405,251 $1,471,191 104.69% 42

* 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.

August 2017 Report – San Francisco Real Estate Market Update for July 2017

The number of homes in the Overall Sales category sold in JULY were less than the previous month but 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. The average sale prices decreased from the previous month but was more than a year ago. The percentage increase of average sold price over the average list price was almost the same as the previous month but was much more than a year ago. Average days on the market decreased from the previous month as well as a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by almost 20%! Regardless of the crazy political climate in the City, San Francisco real estate continues to perform! If you are thinking of selling this is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

July 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 52 $3,098,979 $3,243,611 104.67% 31
Single Family Under $2M 148 $1,061,060 $1,263,755 119.10% 23
Condominium 177 $1,232,592 $1,298,736 105.37% 31
Loft Condo 9 $1,019,111 $1,056,222 103.64% 54
Co-op 2 $612,000 $632,500 103.35% 6
TIC 19 $1,113,842 $1,213,947 109.26% 33
ALL * 455 $1,497,921 $1,612,828 107.67% 32

June 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 55 $2,883,553 $3,054,425 105.93% 27
Single Family Under $2M 163 $1,118,442 $1,317,414 117.79% 27
Condominium 246 $1,202,025 $1,271,386 105.77% 38
Loft Condo 18 $1,265,583 $1,302,889 102.95% 34
Co-op 12 $4,333,833 $4,133,542 95.38% 38
TIC 28 $1,087,929 $1,143,689 105.13% 32
ALL * 592 $1,583,906 $1,703,815 107.57% 35

July 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 40 $3,801,825 $3,807,258 100.14% 45
Single Family Under $2M 152 $1,074,595 $1,213,124 112.89% 28
Condominium 202 $1,159,615 $1,205,909 103.99% 36
Loft Condo 10 $1,093,189 $1,118,050 102.27% 49
Co-op 3 $1,383,333 $1,394,000 100.77% 35
TIC 20 $1,003,275 $1,005,050 100.18% 64
ALL * 468 $1,477,551 $1,555,444 105.27% 39

* 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.

July 2017 Report – San Francisco Real Estate Market Update for June 2017

The number of homes in the Overall Sales category sold in JUNE more than the previous 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 average sale prices increased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a little more than the previous month as well as a year ago. Average days on the market increased from the previous period but about the same as a year ago.

What do these numbers all mean? Almost the same report as last month: once again Single family homes UNDER $2M sold (on average) the best of all the categories we track; over the asking price by slightly more than 17%. Co-ops was the only category we track that sold for LESS than the asking price, on average. If you are thinking of selling this is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

June 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 55 $2,883,553 $3,054,425 105.93% 27
Single Family Under $2M 163 $1,118,442 $1,317,414 117.79% 27
Condominium 246 $1,202,025 $1,271,386 105.77% 38
Loft Condo 18 $1,265,583 $1,302,889 102.95% 34
Co-op 12 $4,333,833 $4,133,542 95.38% 38
TIC 28 $1,087,929 $1,143,689 105.13% 32
ALL * 592 $1,583,906 $1,703,815 107.57% 35

May 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 56 $3,221,889 $3,417,281 106.06% 26
Single Family Under $2M 153 $1,093,204 $1,280,397 117.12% 22
Condominium 208 $1,188,495 $1,256,579 105.73% 31
Loft Condo 22 $988,859 $1,039,182 105.09% 40
Co-op 11 $2,221,818 $2,147,872 96.67% 53
TIC 17 $1,118,088 $1,156,265 103.41% 40
ALL * 496 $1,528,824 $1,643,335 107.49% 29

June 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 58 $3,586,414 $3,576,979 99.74% 33
Single Family Under $2M 172 $1,060,757 $1,197,477 112.89% 27
Condominium 217 $1,160,645 $1,219,670 105.09% 33
Loft Condo 16 $1,012,000 $1,047,313 103.49% 43
Co-op 3 $3,116,667 $3,183,333 102.14% 33
TIC 17 $1,108,118 $1,150,765 103.84% 52
ALL * 533 $1,520,435 $1,594,936 104.90% 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.

June 2017 Report – San Francisco Real Estate Market Update for May 2017

The number of homes in the Overall Sales category sold in MAY  more than the previous 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 average sale prices increased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a little more than the previous month but less than a year ago. Average days on the market remained about the same as the previous period as well as a year ago.

What do these numbers all mean? Once again Single family homes UNDER $2M sold (on average) the best of all the categories we track; over the asking price by slightly more than 17%. Co-ops was the only category we track that sold for LESS than the asking price, on average. If you are thinking of selling this is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

May 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 56 $3,221,889 $3,417,281 106.06% 26
Single Family Under $2M 153 $1,093,204 $1,280,397 117.12% 22
Condominium 208 $1,188,495 $1,256,579 105.73% 31
Loft Condo 22 $988,859 $1,039,182 105.09% 40
Co-op 11 $2,221,818 $2,147,872 96.67% 53
TIC 17 $1,118,088 $1,156,265 103.41% 40
ALL * 496 $1,528,824 $1,643,335 107.49% 29

April 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 49 $3,430,591 $3,521,633 102.65% 36
Single Family Under $2M 134 $1,058,002 $1,250,925 118.23% 21
Condominium 184 $1,234,583 $1,277,965 103.51% 31
Loft Condo 7 $1,093,571 $1,141,286 104.36% 29
Co-op 5 $1,317,600 $1,330,000 100.94% 35
TIC 15 $1,351,000 $1,401,962 103.77% 49
ALL * 435 $1,497,305 $1,596,727 106.64% 29

May 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 33 $3,183,818 $3,480,346 109.31% 27
Single Family Under $2M 153 $1,112,088 $1,275,536 114.70% 23
Condominium 196 $1,191,385 $1,261,670 105.90% 30
Loft Condo 21 $988,423 $1,039,619 105.18% 42
Co-op 9 $1,549,444 $1,514,621 97.75% 56
TIC 17 $1,118,088 $1,154,912 103.29% 40
ALL * 486 $1,425,577 $1,543,677 108.28% 30

* 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.

May 2017 Report – San Francisco Real Estate Market Update for April 2017

The number of homes in the Overall Sales category sold in APRIL was a little less than the previous month but nearly 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. The average sale prices dipped slightly from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a little more than the previous month but less than a year ago. Average days on the market decreased slightly from the previous period as well as a year ago.

What do these numbers all mean? We’re beginning to sound like a broken record, but Single family homes UNDER $2M sold (on average) the best of all the categories we track, over the asking price by slightly over 18%. If you are thinking of selling this is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

April 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 49 $3,430,591 $3,521,633 102.65% 36
Single Family Under $2M 134 $1,058,002 $1,250,925 118.23% 21
Condominium 184 $1,234,583 $1,277,965 103.51% 31
Loft Condo 7 $1,093,571 $1,141,286 104.36% 29
Co-op 5 $1,317,600 $1,330,000 100.94% 35
TIC 15 $1,351,000 $1,401,962 103.77% 49
ALL * 435 $1,497,305 $1,596,727 106.64% 29

March 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 44 $3,543,477 $3,784,943 106.81% 28
Single Family Under $2M 114 $1,082,656 $1,212,671 112.01% 34
Condominium 206 $1,258,351 $1,310,946 104.18% 30
Loft Condo 24 $1,067,839 $1,103,255 103.32% 37
Co-op 3 $1,780,000 $1,803,333 101.31% 96
TIC 19 $1,295,711 $1,344,974 103.80% 32
ALL * 453 $1,572,723 $1,654,921 105.23% 34

April 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 47 $3,177,957 $3,463,830 110.00% 39
Single Family Under $2M 139 $1,080,399 $1,228,688 113.73% 30
Condominium 178 $1,271,410 $1,318,726 103.72% 40
Loft Condo 15 $1,152,800 $1,213,367 105.25% 31
Co-op 5 $3,544,000 $3,719,000 104.94% 18
TIC 11 $1,362,273 $1,412,500 103.69% 33
ALL * 436 $1,528,719 $1,640,566 107.32% 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.

Updates for San Francisco – Q1 2017 – Single Family Homes

Fa2ba658b80944f6babda928ec00039b

Medium_9113503d63b9ae05cce92db35cb3ac34Janis Stone  
866-224-8024
email
website
License #: 00517072  

 

    Real Estate Report, Q1 2017
San Francisco

 

Pacific
Union’s Q1 2017 report offers you an in-depth look at current market
conditions across the Bay Area. Click below to see all the latest
regional and hyperlocal market data you need to research current
conditions and make the best home buying or selling decision.

Condominiums
At a Glance

Arrow_trend_up

Home Prices

4.5% Higher Than
Q1 2016

 

Arrow_trend_down

Inventory

6.4% Fewer Homes
Available for Sale

 

Arrow_trend_up

Days On
Market

42 Days
on Average

 

 

Homes At a
Glance

Arrow_trend_up

Home Prices

0.4% Higher Than
Q1 2016

 

Arrow_trend_down

Inventory

9.6% Fewer Homes
Available for Sale

 

Arrow_trend_up

Days On
Market

41 Days
on Average

 

 

View The Full Condominium Report
View The Full Single Family Home Report

 

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commercial solicitation from Janis Stone. If you no longer wish to receive
these messages, please click here to unsubscribe. To manage your
subscription preferences click here.

 

 

April 2017 Report – San Francisco Real Estate Market Update for March 2017

The number of homes in the Overall Sales category sold in March was significantly more than the previous 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 average sale prices increased again from the previous month as well as a year ago. The percentage increase of average sold price over the average list price wasn’t quite as high as the previous month or a year ago. Average days on the market decreased slightly from the previous period but is still more than a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) the best of all the categories we track, over the asking price by slightly over 12%.  As we head toward spring we should see an overall increase in the sales figures barring some unforeseen catastrophe.

This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

March 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 44 $3,543,477 $3,784,943 106.81% 28
Single Family Under $2M 114 $1,082,656 $1,212,671 112.01% 34
Condominium 206 $1,258,351 $1,310,946 104.18% 30
Loft Condo 24 $1,067,839 $1,103,255 103.32% 37
Co-op 3 $1,780,000 $1,803,333 101.31% 96
TIC 19 $1,295,711 $1,344,974 103.80% 32
ALL * 453 $1,572,723 $1,654,921 105.23% 34

February 2017 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 23 $3,094,739 $3,353,262 108.35% 32
Single Family Under $2M 77 $1,018,680 $1,167,559 114.61% 35
Condominium 112 $1,340,038 $1,368,455 102.12% 38
Loft Condo 9 $978,667 $1,031,222 105.37% 19
Co-op 2 $1,799,500 $1,790,000 99.47% 35
TIC 13 $1,308,846 $1,454,305 111.11% 43
ALL * 269 $1,504,335 $1,595,597 106.07% 41

March 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 36 $3,403,201 $3,585,541 105.36% 23
Single Family Under $2M 107 $1,018,205 $1,179,267 115.82% 25
Condominium 185 $1,217,633 $1,275,963 104.79% 31
Loft Condo 21 $1,178,947 $1,206,524 102.34% 21
Co-op 5 $1,402,000 $1,402,125 100.01% 52
TIC 18 $1,155,222 $1,210,139 104.75% 32
ALL * 403 $1,446,029 $1,545,680 106.89% 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.

Q4 Newsletter from Pacific Union

 

Fa2ba658b80944f6babda928ec00039b Medium_9113503d63b9ae05cce92db35cb3ac34

    Real Estate Report, Q4 2016
San Francisco
View The Full Condominium Report   View The Full Single Family Home Report
Q4 ANALYSIS

From Selma Hepp, Chief Economist Pacific Union International – 1/13/2017

Fourth-quarter home sales activity in San Francisco sustained the same momentum as recorded in previous quarters, with relatively fewer sales than last year but a better balance between buyers and sellers. Generally, the largest slowdown in homes sales occurred among properties priced below $1 million and between $2 million and $3 million. The lower-priced category continues to suffer from depleted inventory, while the slowing activity of higher-priced homes resulted from the general uncertainty in the market that began earlier in the year.

Despite a slight increase in inventory, sellers were still reluctant to reduce prices, causing the pace of sales to slow. At the same time, homebuyers remained cautious and were less likely to engage in bidding wars and pay premiums

Looking Forward: Given the recent increase in mortgage rates, along with uncertainties surrounding the new administration, the first quarter may start softer than in previous years. However, with strong housing fundamentals and the Bay Area’s continued economic power, the San Francisco housing market should see another solid spring.

To read Pacific Union’s real estate and economic forecast through 2019 for San Francisco, Marin, and San Mateo counties, click here.

Condominiums At a Glance

Arrow_trend_down

Home Prices

0.9% Lower Than
Q4 2015

 
Arrow_trend_up

Inventory

3.4% More Homes
Available for Sale

 
Arrow_trend_up

Days On Market

48 Days
on Average

 

Homes At a Glance

Arrow_trend_up

Home Prices

8.1% Higher Than
Q4 2015

 
Arrow_trend_down

Inventory

0.2% Fewer Homes
Available for Sale

 
Arrow_trend_up

Days On Market

42 Days
on Average

 

March 2017 Report – San Francisco Real Estate Market Update for February 2017

The number of homes in the Overall Sales category sold in February were almost the same as the previous month but a little less than 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. However, the average sale prices increased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price jumped from the previous month but was about the same as a year ago. Average days on the market decreased slightly from the previous period but is more than a year ago.

What do these numbers all mean? Single family homes UNDER $2M sold (on average) over the asking price by almost 15% and were the biggest winner once again. Even notice that TIC (tenancy in common) were a very strong category. As we head toward spring we should see an overall increase in the sales figures barring some unforeseen  catastrophe.

This is still a GREAT time to SELL and an even better time to BUY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

February 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 23 $3,094,739 $3,353,262 108.35% 32
Single Family Under $2M 77 $1,018,680 $1,167,559 114.61% 35
Condominium 112 $1,340,038 $1,368,455 102.12% 38
Loft Condo 9 $978,667 $1,031,222 105.37% 19
Co-op 2 $1,799,500 $1,790,000 99.47% 35
TIC 13 $1,308,846 $1,454,305 111.11% 43
ALL * 269 $1,504,335 $1,595,597 106.07% 41

January 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 19 $3,299,573 $3,335,947 101.10% 37
Single Family Under $2M 80 $1,054,353 $1,147,125 108.80% 44
Condominium 113 $1,215,510 $1,219,582 100.34% 52
Loft Condo 7 $788,880 $796,737 101.00% 72
Co-op 1 $1,850,000 $1,850,000 100.00% 86
TIC 15 $977,933 $1,020,333 104.34% 87
ALL * 268 $1,500,683 $1,530,770 102.00% 53

February 2016 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 21 $3,071,095 $3,169,905 103.22% 32
Single Family Under $2M 75 $1,071,877 $1,223,015 114.10% 31
Condominium 125 $1,184,899 $1,250,235 105.51% 33
Loft Condo 7 $1,122,143 $1,148,571 102.36% 35
Co-op 2 $599,000 $630,000 105.18% 52
TIC 19 $997,947 $1,072,711 107.49% 50
ALL * 278 $1,388,190 $1,482,780 106.81% 35

* 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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