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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.






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