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November 2016 – Time for Thanksgiving! – San Francisco Real Estate
Posted on: November 21, 2016
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The SFResidence Real Estate Review Hello from Janis
This is my favorite time of year. It is a time to look forward to the holidays and to reflect on all that I have to be thankful for. I am so very fortunate to live in such a beautiful place, to have a career that I love, to have family and friends I can depend upon and for whom I can be depended on and to have my health. I wish all of you a long list of things you can put on your gratitude list. With the election over there is all kinds of speculation on what is going to happen in the next year and years to come. There is one thing I am certain of and that is I cannot predict the future. However, there are people that are paid to do just that—predict the real estate market in the future. On Nov. 16, 2016, Pacific Union held its third annual Real Estate and Economic Forecast in partnership with John Burns Real Estate Consulting in order to project Bay Area activity through 2019. Chief Economist Selma Hepp provides some key, high-level takeaways from the event in a post on the Pacific Union blog. A link to a video of the entire event is included. Go to this link to view the event—I think you will find it very informative. http://pacunion.us/2g3gHbW ========================================================= REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area! |
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From our Family and Friends
__________________________________________________ Interest Rates
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“The nicest compliment you can give us is to refer Toll Free (866) 224-8024 If you are a Realtor, by opting out you will be removed from our referral network.
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The statistics for 
November 2016 Report – San Francisco Real Estate Market Update for October 2016
Posted on: November 4, 2016
The number of homes in the Overall Sales category sold in October increased from the previous month but were less than a year ago in the San Francisco Real Estate Market. These number 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 less than the previous month as well as a year ago. Average days on the market decreased slightly.
What do these numbers all mean? Once again, single family homes UNDER $2M sold (on average) over the asking price, almost 12% over, and continue to be the biggest winners. You will also notice the average sold percentages of the other categories (except for cooperatives) are also all over 100% of the list prices. For the right property, we are still seeing multiple offer situations. Could your home be one of those? 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 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 |
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 |
October 2015 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 46 | $3,245,348 | $3,459,136 | 106.59% | 22 |
| Single Family Under $2M | 184 | $1,046,079 | $1,192,832 | 114.03% | 26 |
| Condominium | 201 | $1,112,595 | $1,209,990 | 108.75% | 25 |
| Loft Condo | 20 | $1,036,650 | $1,086,350 | 104.79% | 38 |
| Co-op | 4 | $631,250 | $662,500 | 104.95% | 29 |
| TIC | 22 | $984,773 | $1,113,409 | 113.06% | 35 |
| ALL * | 521 | $1,333,111 | $1,461,708 | 109.65% | 27 |
* 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.
Posted on: October 23, 2016
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The SFResidence Real Estate Review Hello from Janis
We had the Pacific Union’s chief economist, Selma Hepp give us an overview and perspective of the San Francisco market. Here is Patrick Barber’s summary of it: “There has been double digit annual appreciation for the past 5 years and it simply is not sustainable. We have entered a period of normalization and the historic data affirms this. The biggest issues are affordability for buyers, and where do sellers go after paying their tax bills? “Buyer fatigue began to set in June 2015 so they are much more diligent/picky about what they will buy. Sellers continued to raise expectations while buyers began to show patience creating a gap in perceived values and some of the price reductions we are witnessing, especially at the top end of the market. As long as job growth remains strong locally and inventory low, the market should move forward albeit in the low single digits for growth. “We are projecting 3% a year for the next three years. So it is a good time for realistic sellers to sell as the market inventory is low, and an equally good time to buy as some buyers sit on the sideline for the bubble to pop. The problem with their rationale is there is no bubble because this go around the banks made sure homeowners were qualified and had to put good size down payments in to purchase.” My buyers are still encountering multiple offers with sales prices 10%+ over the asking price. I think most of these properties had listing prices that are deliberately under the comparable values. It is just a marketing technique to get buyers to guess as to what the market will ultimately offer. It is very frustrating for buyers but in the under $2 million price range I do not see it changing. ========================================================= REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area! |
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From our Family and Friends
__________________________________________________ Interest Rates
__________________________________________________
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“The nicest compliment you can give us is to refer Toll Free (866) 224-8024 If you are a Realtor, by opting out you will be removed from our referral network.
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October 2016 Report – San Francisco Real Estate Market Update for September 2016
Posted on: October 3, 2016
The number of homes in the Overall Sales category sold in September decreased from the previous month but were higher than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in August given a typical 30 day close. The average sale prices decreased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was a bit more than the previous month but less than a year ago. Average days on the market decreased slightly.
What do these numbers all mean? Single family homes UNDER $2M which sold (on average) just slightly more than 10% over the asking price continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices. For the right property, we are still seeing multiple offer situations. Could your home be one of those? 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 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 |
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 |
September 2015 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 23 | $2,538,217 | $3,038,000 | 119.69% | 23 |
| Single Family Under $2M | 128 | $968,792 | $1,127,101 | 116.34% | 26 |
| Condominium | 134 | $1,069,498 | $1,175,794 | 109.94% | 32 |
| Loft Condo | 15 | $965,936 | $1,028,336 | 106.46% | 42 |
| Co-op | 4 | $2,692,000 | $2,311,250 | 85.86% | 34 |
| TIC | 14 | $1,111,693 | $1,151,857 | 103.61% | 43 |
| ALL * | 367 | $1,333,555 | $1,491,882 | 111.87% | 32 |
* 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 2016 Report – San Francisco Real Estate Market Update for August 2016
Posted on: September 13, 2016
The number of homes in the Overall Sales category sold in August increased from the previous month as well as a year ago in the San Francisco Real Estate Market which indicates that our market is still hopping. These number reflect the homes sold (for the most part) in July given a typical 30 day close. The average sale prices dipped slightly from the previous month but were higher than a year ago. However, the percentage increase of average sold price over the average list price was a bit less than the previous month as well as a year ago. Once again, average days on the market increased slightly.
What do these numbers all mean? Single family homes UNDER $2M which sold (on average) just slightly more than 12% over the asking price continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices except for co-ops which took a slight hit. For the right property, we are still seeing multiple offer situations. Could your home be one of those? 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 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 |
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 |
August 2015 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 29 | $3,031,034 | $3,258,828 | 107.52% | 39 |
| Single Family Under $2M | 152 | $994,434 | $1,169,201 | 117.57% | 26 |
| Condominium | 170 | $1,100,515 | $1,194,744 | 108.56% | 24 |
| Loft Condo | 9 | $881,778 | $938,902 | 106.48% | 46 |
| Co-op | 5 | $1,597,800 | $1669,000 | 104.46% | 36 |
| TIC | 25 | $999,890 | $1,051,480 | 105.16% | 46 |
| ALL * | 444 | $1,316,855 | $1,443,402 | 109.61% | 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.
August 2016 Report – San Francisco Real Estate Market Update for July 2016
Posted on: August 4, 2016
The number of homes in the Overall Sales category sold in July decreased from the previous month as well as a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in June and closing in July given a typical 30 day close. The average sale prices dipped slightly from the previous month but were higher than a year ago. However, the percentage increase of average sold price over the average list price was a bit more than the previous month but was over 5% less than a year ago. Once again, average days on the market increased slightly.
What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 13% over the asking price (second month in a row!) continue to be the biggest winners. You will also notice the average sold percentages of the other categories have increased back over 100% of the list prices. So even though the volume is down, sales are still strong! For the right property, we are still seeing multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
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 |
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 |
July 2015 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 53 | $3,051,600 | $3,286,003 | 107.68% | 32 |
| Single Family Under $2M | 155 | $957,538 | $1,146,538 | 119.74% | 23 |
| Condominium | 185 | $1,141,851 | $1,237,759 | 108.40% | 27 |
| Loft Condo | 31 | $930,003 | $1,023,024 | 110.00% | 29 |
| Co-op | 4 | $2,452,750 | $2,685,750 | 109.50% | 36 |
| TIC | 19 | $888,889 | $952,311 | 107.13% | 46 |
| ALL * | 492 | $1,337,938 | $1,484,015 | 110.92% | 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.
July 2016 Report – San Francisco Real Estate Market Update for June 2016
Posted on: July 7, 2016
The number of homes in the Overall Sales category sold in June increased from the previous month as well as a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in May and closing in June given a typical 30 day close. The average sale prices increased from the previous month but were less than a year ago. However, the percentage increase of average sold price over the average list price was much less than the previous month as well as less than a year ago. Average days on the market increased slightly.
What do these numbers all mean? Single family homes UNDER $2M which sold (on average) almost 13% over the asking price continue to be the biggest winners, however, you will notice the percentages have decreased so that single family homes $2M and over sold for LESS than the asking price on average. As we said last month, Realtors have a sense that the market is slowing slightly with longer days on the market being the norm. However, for the right property, there are still multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
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 |
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 |
June 2015 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 49 | $3,491,449 | $3,847,292 | 110.19% | 18 |
| Single Family Under $2M | 147 | $1,001,210 | $1,180,200 | 117.88% | 30 |
| Condominium | 198 | $1,154,072 | $1,267,634 | 109.84% | 24 |
| Loft Condo | 20 | $1,083,850 | $1,210,285 | 111.67% | 35 |
| Co-op | 8 | $3,130,375 | $3,214,375 | 102.68% | 20 |
| TIC | 31 | $1,107,419 | $1,168,194 | 105.49% | 34 |
| ALL * | 515 | $1,463,870 | $1,615,915 | 110.39% | 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.
June 2016 – Summer starts in San Francisco
Posted on: June 8, 2016
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The SFResidence Real Estate Review Hello from Janis
There seems to be a common thread in conversations at open houses—Is the market going down? That is a very hard question to answer when there is a change in the status quo. The market does seem to be changing especially in some neighborhoods such as SOMA, South Beach, Noe Valley, and the Mission in particular. But what I see is a more NORMAL market where properties come on the market and if they are priced right they sell within 30-60 days. That is even still considered a seller’s market. Once you get to “on market” days exceeding 90 days then you are more into a buyer’s market. We are seeing more price reductions, less multiple offers and fewer huge over asking offers. However, they do happen, particularly with special, “check all the boxes” homes or homes in the lower price points where more people are in a position to buy them. Interest rates are still VERY LOW and there are some great lending packages out there with 10% down for JUMBO loans. I think this is one of the BEST TIMES TO BUY that we have had in several years. Buyers have been saying for the last few years “I wish I could buy without having to compete with 10 or 20 buyers!” Then now is the time. Don’t let fear keep you from having your own home in San Francisco! REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. In return for the lead, we’ll give you a chance to win our Rewards contest for a weekend in Tahoe. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area! |
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From our Family and Friends
__________________________________________________ Interest Rates
__________________________________________________
|
|||||||||||||||||||||||||||||||||
|
“The nicest compliment you can give us is to refer Toll Free (866) 224-8024 If you are a Realtor, by opting out you will be removed from our referral network.
|
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June 2016 Report – San Francisco Real Estate Market Update for May 2016
Posted on: June 3, 2016
The number of homes in the Overall Sales category sold in May increased from the previous month but were less than a year ago in the San Francisco Real Estate Market. These number reflect the homes sold (for the most part) in April and closing in May given a typical 30 day close. Even so, the average prices decreased from the previous month as well as a year ago. The percentage increase of average sold price over the average list price was much better than the previous month as well as a year ago. Average days on the market decreased by about 8 days over the previous month.
What do these numbers all mean? Single family homes UNDER $2M which sold (on average) more than 14% over the asking price continue to be the biggest winners. May Realtors sense that the market is slowing slightly with longer days on the market being the norm. However, for the right property, there are still multiple offer situations. Could your home be one of those? This is still a GREAT time to sell!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
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 |
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 |
May 2015 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 51 | $3,636,245 | $3,780,365 | 103.96% | 21 |
| Single Family Under $2M | 146 | $985,849 | $1,182,729 | 119.97% | 23 |
| Condominium | 206 | $1,200,845 | $1,628,746 | 108.46% | 31 |
| Loft Condo | 21 | $1,095,238 | $1,247,148 | 113.87% | 19 |
| Co-op | 4 | $4,343,500 | $4,155,000 | 95.66% | 49 |
| TIC | 31 | $887,839 | $998,577 | 112.47% | 31 |
| ALL * | 503 | $1,485,577 | $1,636,702 | 102.09% | 27 |
* 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 2016 – MAY we find you the perfect home in San Francisco?
Posted on: May 11, 2016
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The SFResidence Real Estate Review Hello from Janis
Is the market shifting or are the buyers just pulling back? That seems to be the question of the day for areas outside of San Francisco and for some areas of San Francisco. The SOMA, South Beach, and North Waterfront areas are seeing longer days on market and more price reductions. Actually I have seen more price reductions and longer marketing times in most areas of the City. However, for some properties that is not the case. I think if a property is one that is a “special” property in a very desirable area it can get multiple offers. Or if it fits a certain profile—i.e. a property that is remodeled well, has extra parking or views or an “in demand” location—then all bets are off as to how high it can go. The best way to get the highest possible price for your property is to have a trusted professional guide you through the process. It takes a lot of planning and effort to get a property sold at the highest price. The End of Year Report for 2015 (sales July – December) should be ready shortly. If you would like to know what homes or condos price over $2 million sold in your neighborhood during the past 6 months we should have it by next month! REMEMBER… If you are MOVING or KNOW SOMEONE WHO IS, we have GREAT AGENTS to whom we can refer with confidence! If you or someone you know needs to buy or sell property somewhere else in the country, keep us in mind. In return for the lead, we’ll give you a chance to win our Rewards contest for a weekend in Tahoe. And you agents out there across the country who are receiving this newsletter, you are on our referral list for your area! |
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