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APRIL 2020 Report – San Francisco Real Estate Market Update for March 2020
The number of homes in the Overall Sales category sold in March increased from the previous month but was less than a year ago in the San Francisco Real Estate Market.
The average sale price versus list price is slightly more than the previous month as well as a year ago indicating prices are still creeping up. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market were more than the previous month as well as a year ago.
What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. The average increase was more almost 14% over the asking price. The number of homes increased from last month but were less than a year ago. We have never been in this situation before with the COVID-19 restrictions. So it is interesting that the numbers continue to be strong.
So 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 or Bethany Patten at 415-235-9077 TODAY!
* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.
March 2020 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 56 | $3,140,964 | $3,301,018 | 105.10% | 18 |
| Single Family Under $2M | 101 | $1,210,451 | $1,375,082 | 113.60% | 22 |
| Condominium | 181 | $1,323,352 | $1,375,082 | 103.91% | 27 |
| Loft Condo | 15 | $1,466,093 | $1,491,167 | 101.71% | 22 |
| Co-op | 1 | $1,195,000 | $1,200,000 | 100.42% | 63 |
| TIC | 19 | $1,313,053 | $1,341,105 | 102.14% | 36 |
| ALL * | 412 | $1,665,567 | $1,770,754 | 106.32% | 28 |
February 2020 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 38 | $2,804,260 | $2,930,315 | 104.50% | 24 |
| Single Family Under $2M | 73 | $1,199,129 | $1,365,790 | 113.90% | 25 |
| Condominium | 135 | $1,326,582 | $1,399,225 | 105.48% | 28 |
| Loft Condo | 9 | $1,087,556 | $1,130,924 | 103.98% | 28 |
| Co-op | 1 | $2,220,000 | $2,200,000 | 99.10% | 14 |
| TIC | 19 | $1,375,816 | $1,397,895 | 100.88% | 45 |
| ALL * | 306 | $1,616,577 | $1,699,026 | 105.10% | 31 |
March 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 57 | $3,141,070 | $3,326,439 | 105.90% | 23 |
| Single Family Under $2M | 114 | $1,265,451 | $1,393,628 | 110.13% | 27 |
| Condominium | 206 | $1,296,097 | $1,343,248 | 103.64% | 32 |
| Loft Condo | 21 | $1,140,905 | $1,187,720 | 104.10% | 37 |
| Co-op | 4 | $2,332,006 | $2,258,000 | 96.83% | 102 |
| TIC | 25 | $1,147,300 | $1,215,608 | 105.95% | 44 |
| ALL * | 466 | $1,637,800 | $1,719,155 | 104.97% | 32 |
* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)** 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.
