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August 2018 Report – San Francisco Real Estate Market Update for July 2018
Posted on: August 9, 2018
The number of homes in the Overall Sales category sold in JULY decreased from the previous month but were more 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. Once again, this is typical as we generally have a summer lull in the market about this same time every year. The average sale prices was slightly less than the previous month but more than a year ago. The percentage increase of average sold price over the average list price was LESS than the previous month but slightly more than a year ago. Average days on the market were about the same as the previous month but a little less than a year ago.
Starting this month we will be going back 10 years to show the comparison. As you can see, the average SOLD versus average LIST prices are currently way over at an 8% increase (on average) compared to LESS than 1% at 0.64% ten years ago. You will also notice that the average days on the market are currently 27 while ten years ago it was 55, on average! This would indicate a MUCH hotter residential sales climate NOW. It could also indicate more cash buyers NOW compared to those needing loans in the past.
What do these current numbers all mean? Single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 17%! All the categories we track sold for more, on average, than the list price with the exception of Co-ops which always tend to do their own thing. 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.
July 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 59 | $3,038,159 | $3,257,786 | 107.23% | 22 |
| Single Family Under $2M | 129 | $1,211,287 | $1,419,042 | 117.15% | 20 |
| Condominium | 225 | $1,143,421 | $1,227,166 | 107.32% | 29 |
| Loft Condo | 18 | $1,279,640 | $1,321,833 | 103.30% | 29 |
| Co-op | 4 | $2,008,750 | $1,975,625 | 98.35% | 93 |
| TIC | 13 | $1,250,692 | $1,319,345 | 105.49% | 37 |
| ALL * | 498 | $1,540,581 | $1,664,016 | 108.01% | 27 |
June 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 75 | $2,763,157 | $3,082,320 | 111.55% | 20 |
| Single Family Under $2M | 149 | $1,126,108 | $1,363,752 | 121.10% | 17 |
| Condominium | 225 | $1,261,034 | $1,346,119 | 106.75% | 28 |
| Loft Condo | 17 | $1,078,694 | $1,141,106 | 105.79% | 20 |
| Co-op | 8 | $2,664,875 | $2,642,250 | 99.15% | 43 |
| TIC | 23 | $1,014,087 | $1,126,848 | 111.12% | 20 |
| ALL * | 551 | $1,575,143 | $1,738,301 | 110.36% | 25 |
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 |
July 2008 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 24 | $3,231,792 | $3,262,292 | 100.94% | 68 |
| Single Family Under $2M | 204 | $871,262 | $887,615 | 101.88% | 45 |
| Condominium | 210 | $895,836 | $899,595 | 100.42% | 53 |
| Loft Condo | 18 | $761,308 | $740,500 | 97.27% | 75 |
| Co-op | 6 | $2,470,500 | $2,508,000 | 101.52% | 61 |
| TIC | 35 | $595,271 | $599,914 | 100.78% | 75 |
| ALL * | 559 | $1,046,557 | $1,053,207 | 100.64% | 55 |
* 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 2018 Report – San Francisco Real Estate Market Update for June 2018
Posted on: July 4, 2018
The number of homes in the Overall Sales category sold in JUNE decreased from 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. This is typical as we generally have a summer lull in the market about this same time every year. The average sale prices was slightly less than the previous month as well as a year ago. However, the percentage increase of average sold price over the average list price was more than the previous month as well as a year ago. Average days on the market were less than the previous month as well as a year ago.
What do these numbers all mean? This month, single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 21%! All the categories we track sold for more, on average, than the list price with the exception of Co-ops which always tend to do their own thing. 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.
June 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 75 | $2,763,157 | $3,082,320 | 111.55% | 20 |
| Single Family Under $2M | 149 | $1,126,108 | $1,363,752 | 121.10% | 17 |
| Condominium | 225 | $1,261,034 | $1,346,119 | 106.75% | 28 |
| Loft Condo | 17 | $1,078,694 | $1,141,106 | 105.79% | 20 |
| Co-op | 8 | $2,664,875 | $2,642,250 | 99.15% | 43 |
| TIC | 23 | $1,014,087 | $1,126,848 | 111.12% | 20 |
| ALL * | 551 | $1,575,143 | $1,738,301 | 110.36% | 25 |
May 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 82 | $2,936,083 | $3,244,095 | 110.49% | 19 |
| Single Family Under $2M | 159 | $1,133,070 | $1,368,057 | 120.74% | 21 |
| Condominium | 259 | $1,339,928 | $1,429,406 | 106.68% | 27 |
| Loft Condo | 19 | $973,938 | $1,041,070 | 106.89% | 25 |
| Co-op | 6 | $1,628,000 | $1,580,000 | 97.05% | 84 |
| TIC | 19 | $1,256,237 | $1,425,632 | 113.48% | 26 |
| ALL * | 606 | $1,621,632 | $1,784,447 | 110.04% | 26 |
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 |
* 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 2018 Report – San Francisco Real Estate Market Update for May 2018
Posted on: June 18, 2018
The number of homes in the Overall Sales category sold in MAY increased from 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 was slightly more than the previous month as well as a year ago. The percentage increase of average sold price over the average list price was also more than the previous month as well as a year ago. Average days on the market were about the same as the previous month as well as a year ago.
What do these numbers all mean? This month, single family homes OVER $2M sold (on average) MORE than the asking price by OVER 20%! Those under $2M were over (on average) 10%! Try getting that from your savings account! All the categories we track sold for more, on average, than the list price with the exception of Co-ops which always tend to do their own thing. 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.
May 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 82 | $2,936,083 | $3,244,095 | 110.49% | 19 |
| Single Family Under $2M | 159 | $1,133,070 | $1,368,057 | 120.74% | 21 |
| Condominium | 259 | $1,339,928 | $1,429,406 | 106.68% | 27 |
| Loft Condo | 19 | $973,938 | $1,041,070 | 106.89% | 25 |
| Co-op | 6 | $1,628,000 | $1,580,000 | 97.05% | 84 |
| TIC | 19 | $1,256,237 | $1,425,632 | 113.48% | 26 |
| ALL * | 606 | $1,621,632 | $1,784,447 | 110.04% | 26 |
April 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 61 | $3,164,902 | $3,965,359 | 125.29% | 17 |
| Single Family Under $2M | 126 | $1,128,796 | $1,371,917 | 121.54% | 19 |
| Condominium | 248 | $1,260,546 | $1,362,702 | 108.10% | 26 |
| Loft Condo | 12 | $1,130,149 | $1,192,408 | 105.51% | 23 |
| Co-op | 4 | $728,750 | $732,500 | 100.51% | 61 |
| TIC | 24 | $1,084,583 | $1,211,000 | 111.66% | 26 |
| ALL * | 529 | $1,630,035 | $1,774,958 | 108.89% | 25 |
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 |
* 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 2018 Report – San Francisco Real Estate Market Update for April 2018
Posted on: May 21, 2018
The number of homes in the Overall Sales category sold in APRIL increased from 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 were less than the previous month but more than a year ago. The percentage increase of average sold price over the average list price was less than the previous month but more than a year ago. Average days on the market decreased slightly from the previous month as well as a year ago.
What do these numbers all mean? This month, single family homes OVER $2M sold (on average) MORE than the asking price by OVER 25%! Those under $2M were over (on average) 21%! In fact, all the categories we track sold for more, on average, than the list price. 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.
April 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 61 | $3,164,902 | $3,965,359 | 125.29% | 17 |
| Single Family Under $2M | 126 | $1,128,796 | $1,371,917 | 121.54% | 19 |
| Condominium | 248 | $1,260,546 | $1,362,702 | 108.10% | 26 |
| Loft Condo | 12 | $1,130,149 | $1,192,408 | 105.51% | 23 |
| Co-op | 4 | $728,750 | $732,500 | 100.51% | 61 |
| TIC | 24 | $1,084,583 | $1,211,000 | 111.66% | 26 |
| ALL * | 529 | $1,630,035 | $1,774,958 | 108.89% | 25 |
March 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 58 | $2,740,672 | $2,997,397 | 109.37% | 24 |
| Single Family Under $2M | 121 | $1,175,361 | $1,402,044 | 119.29% | 21 |
| Condominium | 224 | $1,332,596 | $1,409,188 | 105.75% | 26 |
| Loft Condo | 4 | $917,500 | $1,008,250 | 109.88% | 20 |
| Co-op | 4 | $1,244,500 | $1,195,000 | 96.02% | 26 |
| TIC | 30 | $1,107,383 | $1,185,669 | 107.07% | 38 |
| ALL * | 499 | $1,697,524 | $1,937,663 | 114.15% | 27 |
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 |
* 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.
April 2018 Report – San Francisco Real Estate Market Update for March 2018
Posted on: April 2, 2018
The number of homes in the Overall Sales category sold in MARCH increased from 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 were more than the previous month as well as a year ago. The percentage increase of average sold price over the average list price was more than the previous month as well a year ago, . Average days on the market decreased by 7 days 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 OVER 19%! In fact, all the categories we track sold for more, on average, than the list price with the exception of cooperatives. 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 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 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 58 | $2,740,672 | $2,997,397 | 109.37% | 24 |
| Single Family Under $2M | 121 | $1,175,361 | $1,402,044 | 119.29% | 21 |
| Condominium | 224 | $1,332,596 | $1,409,188 | 105.75% | 26 |
| Loft Condo | 4 | $917,500 | $1,008,250 | 109.88% | 20 |
| Co-op | 4 | $1,244,500 | $1,195,000 | 96.02% | 26 |
| TIC | 30 | $1,107,383 | $1,185,669 | 107.07% | 38 |
| ALL * | 499 | $1,697,524 | $1,937,663 | 114.15% | 27 |
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 |
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 |
* 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.
March 2018 Report – San Francisco Real Estate Market Update for February 2018
Posted on: March 6, 2018
The number of homes in the Overall Sales category sold in FEBRUARY increased from 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 were less than the previous month but more than a year ago. The percentage increase of average sold price over the average list price were more than the previous month but slightly less than a year ago. Average days on the market decreased by 14 days from the previous month.
What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by almost 19%! In fact, all the categories we track sold for more, on average, than the list price. 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 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 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 |
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 |
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 |
* 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.
February 2018 Report – San Francisco Real Estate Market Update for January 2018
Posted on: February 4, 2018
The number of homes in the Overall Sales category sold in JANUARY too another dip from the previous month. That’s two in a row. And it was slightly 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. The average sale prices were much higher than both the previous month and those from a year ago. The percentage increase of average sold price over the average list price were about the same as the previous month but slightly higher than a year ago. Average days on the market increased by 10 days from the previous month.
What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by almost 14%! However, we had 3 categories in the condominium segment (lofts, co-ops and TICs) that sold less, on average, than the list price. This is highly unusual for 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 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.
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 |
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 |
January 2017 **
| 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 |
* 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.
January 2018 Report – San Francisco Real Estate Market Update for December 2017
Posted on: January 6, 2018
The number of homes in the Overall Sales category sold in DECEMBER were far 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 were about the same as the previous month as well as a year ago. The percentage increase of average sold price over the average list price dropped from the previous month but were slightly higher than a year ago. Average days on the market increased slightly from the previous month but were much less than a year ago.
What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by almost 16%! San Francisco real estate continues to perform EXTREMELY WELL! 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.
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 |
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 |
December 2016 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 43 | $3,282,163 | $3,305,823 | 100.72% | 50 |
| Single Family Under $2M | 145 | $1,091,108 | $1,186,061 | 108.70% | 39 |
| Condominium | 191 | $1,218,648 | $1,238,088 | 101.60% | 47 |
| Loft Condo | 16 | $1,098,406 | $1,066,219 | 97.07% | 55 |
| Co-op | 6 | $2,868,833 | $2,822,083 | 98.37% | 44 |
| TIC | 15 | $1,123,700 | $1,123,177 | 99.95% | 69 |
| ALL * | 460 | $1,536,068 | $1,570,629 | 102.25% | 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.
December 2017 Report – San Francisco Real Estate Market Update for November 2017
Posted on: December 4, 2017
The number of homes in the Overall Sales category sold in NOVEMBER were about the same as the previous month but more 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. The average sale prices decreased slightly from the previous month but were more than a year ago. The percentage increase of average sold price over the average list price dropped by 1% from the previous month but were higher than a year ago. Average days on the market increased slightly from the previous month but were about 7 days less than a year ago.
What do these numbers all mean? Single family homes UNDER $2M sold (on average) OVER the asking price by almost 17%! San Francisco real estate continues to perform EXTREMELY WELL! 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.
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 |
October 2017 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 72 | $3,417,757 | $3,648,110 | 106.74% | 20 |
| Single Family Under $2M | 153 | $1,122,885 | $1,302,802 | 116.02% | 24 |
| Condominium | 244 | $1,279,999 | $1,354,372 | 105.81% | 29 |
| Loft Condo | 22 | $1,012,359 | $1,022,359 | 100.99% | 46 |
| Co-op | 2 | $947,000 | $1,108,500 | 117.05% | 40 |
| TIC | 30 | $849,400 | $922,000 | 108.55% | 35 |
| ALL * | 571 | $1,567,876 | $1,691,375 | 107.88% | 29 |
November 2016 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 43 | $3,843,674 | $3,829,619 | 99.63% | 46 |
| Single Family Under $2M | 155 | $1,127,998 | $1,239,957 | 109.93% | 35 |
| Condominium | 206 | $1,098,893 | $1,156,433 | 105.24% | 37 |
| Loft Condo | 18 | $1,039,722 | $1,049,500 | 100.94% | 46 |
| Co-op | 7 | $1,456,857 | $1,446,804 | 99.31% | 46 |
| TIC | 17 | $952,118 | $968,941 | 101.77% | 44 |
| ALL * | 489 | $1,444,592 | $1,512,341 | 104.69% | 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.
November 2017 Report – San Francisco Real Estate Market Update for October 2017
Posted on: November 4, 2017
The number of homes in the Overall Sales category sold in OCTOBER were much 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. Although the average sale prices increased slightly from the previous month but were much less than a year ago. Even so, the percentage increase of average sold price over the average list price was almost the same as the previous month but much more than a year ago. Average days on the market dropped 10 days from the previous month but were 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 16%! San Francisco real estate continues to perform EXTREMELY WELL! 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.
October 2017 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 72 | $3,417,757 | $3,648,110 | 106.74% | 20 |
| Single Family Under $2M | 153 | $1,122,885 | $1,302,802 | 116.02% | 24 |
| Condominium | 244 | $1,279,999 | $1,354,372 | 105.81% | 29 |
| Loft Condo | 22 | $1,012,359 | $1,022,359 | 100.99% | 46 |
| Co-op | 2 | $947,000 | $1,108,500 | 117.05% | 40 |
| TIC | 30 | $849,400 | $922,000 | 108.55% | 35 |
| ALL * | 571 | $1,567,876 | $1,691,375 | 107.88% | 29 |
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 |
October 2016 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 60 | $4,077,013 | $4,118,933 | 101.03% | 27 |
| Single Family Under $2M | 161 | $1,110,004 | $1,238,252 | 111.55% | 27 |
| Condominium | 181 | $1,256,455 | $1,297,903 | 103.30% | 33 |
| Loft Condo | 11 | $996,000 | $1,008,364 | 101.24% | 61 |
| Co-op | 3 | $897,333 | $880,000 | 98.07% | 58 |
| TIC | 19 | $1,115,787 | $1,172,053 | 105.04% | 41 |
| ALL * | 490 | $1,664,569 | $1,740,268 | 104.55% | 33 |
* 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.
