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AUGUST 2020 Report – San Francisco Real Estate Market Update for July 2020


The number of homes in the Overall Sales category sold in JULY increased again from the previous month but was much less than a year ago in the San Francisco Real Estate Market. The continued COVID-19 pandemic lock down, restrictions by the City of San Francisco and the Black Lives Matter violence continues to have a lot to do with changing the real estate market.

As you can see. the average sale price versus list price is about the same as last month but was well less than a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Average days on the market were slightly higher than last month as well as a year ago.

What do these current numbers all mean? As you can see, single family homes UNDER $2M (on average) continue to be the best performer. The average increase was more than 7% over the asking price, slightly less than the previous month and way below a year ago indicating fewer over asking price offers. Buyers seem to finally be in the driver’s seat. The rest of the categories are getting closer and closer to “normal” markets in other areas. The number of homes increased from last month but were less than a year ago. Once again we have two categories where the average sales price dipped under the average list price. This would indicate that there are fewer multiple offers and offers coming in for LESS than the listing price.

If you are thinking of selling this is still a GOOD time to BUY. And it can be a great time to SELL 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.

July 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 8 $3,178,143 $3,209,897 101.00% 31
Single Family Under $2M 130 $1,303,144 $1,406,026 107.89% 23
Condominium 211 $1,454,415 $1,462,109 100.53% 35
Loft Condo 17 $1,075,059 $1,056,765 98.30% 33
Co-op 10 $1,140,700 $1,112,000 97.48% 93
TIC 20 $1,302,900 $1,321,388 101.42% 43
ALL * 464 $1,731,390 $1,764,529 101.91% 34

June 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 91 $3,538,032 $3,540,299 100.06% 27
Single Family Under $2M 125 $1,306,382 $1,411,946 108.08% 23
Condominium 142 $1,408,334 $1,411,849 100.25% 31
Loft Condo 11 $1,100,355 $1,074,931 97.69% 43
Co-op 3 $4,031,667 $3,900,000 96.73% 86
TIC 18 $1,328,944 $1,298,333 97.70% 44
ALL * 361 $1,901,277 $1,924,209 101.21% 30

July 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 62 $3,117,904 $3,356,337 107.65% 25
Single Family Under $2M 141 $1,178,194 $1,374,543 116.66% 22
Condominium 197 $1,255,698 $1,341,074 106.84% 31
Loft Condo 14 $1,098,500 $1,173,214 106.80% 17
Co-op 4 $1,749,750 $1,770,000 101.16% 59
TIC 17 $1,078,588 $1,165,824 108.09% 48
ALL * 505 $1,712,511 $1,840,075 107.45% 31

* 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 statisticsincluded condos, co-op, lofts and TICs.Realtor.com is the official site of the NationalAssociation of Realtors® (NAR) and is a search engine for realestate nationwide. Realtor.comhas all of San Francisco’s listed homes and condominiums.






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