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January 2020 Report – San Francisco Real Estate Market Update for December 2019
Posted on: January 8, 2020
The number of homes in the Overall Sales category sold in DECEMBER decreased from the previous month but was more than a year ago in the San Francisco Real Estate Market. The average sale price versus list price is about the same as the previous month and a year ago. 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 but about the same as a year ago.
What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. Though the numbers are not quite as good as history shows, the average increase was still more than 8% over the asking price. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of lofts. All in all, the San Francisco market seems to have slowed down for the holidays. But all indications show that we are in for a robust spring market. Stay tuned!
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.
December 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 45 | $3,664,449 | $3,751,815 | 102.38% | 35 |
| Single Family Under $2M | 126 | $1,212,741 | $1,311,187 | 108.12% | 29 |
| Condominium | 161 | $1,245,010 | $1,288,026 | 103.46% | 46 |
| Loft Condo | 10 | $1,061,200 | $1,058,320 | 99.73% | 32 |
| Co-op | 3 | $1,347,667 | $1,381,667 | 102.52% | 45 |
| TIC | 23 | $1,335,000 | $1,363,870 | 102.16% | 51 |
| ALL * | 418 | $1,640,472 | $1,696,206 | 103.40% | 42 |
November 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 54 | $3,383,750 | $3,490,897 | 103.17% | 26 |
| Single Family Under $2M | 142 | $1,271,804 | $1,430,893 | 112.51% | 23 |
| Condominium | 221 | $1,273,757 | $1,330,814 | 104.48% | 33 |
| Loft Condo | 11 | $1,184,727 | $1,246,877 | 105.25% | 27 |
| Co-op | 5 | $1,866,000 | $1,853,500 | 99.33% | 49 |
| TIC | 25 | $1,232,400 | $1,292,560 | 104.88% | 35 |
| ALL * | 493 | $1,603,959 | $1,691,512 | 105.46% | 31 |
December 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 44 | $2,950,273 | $2,986,864 | 101.24% | 35 |
| Single Family Under $2M | 113 | $1,164,366 | $1,332,518 | 114.44% | 32 |
| Condominium | 150 | $1,379,109 | $1,392,673 | 100.98% | 43 |
| Loft Condo | 12 | $1,082,226 | $1,066,634 | 98.56% | 58 |
| Co-op | 4 | $1,503,250 | $1,508,750 | 100.37% | 20 |
| TIC | 14 | $899,964 | $926,722 | 102.97% | 52 |
| ALL * | 381 | $1,632,472 | $1,674,517 | 102.58% | 41 |
* 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.
December 2019 Report – San Francisco Real Estate Market Update for November 2019
Posted on: December 9, 2019
The number of homes in the Overall Sales category sold in NOVEMBER decreased slightly from the previous month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price is less than the previous month but a little more than a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market inched up slightly from the previous month but were a little less than a year ago.
What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. Though the numbers are not quite so drastic, the average increase was still more than 12% over the asking price, less than the previous month but slightly more than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of co-ops which tend to always do their own thing. All in all, the San Francisco market seems to be slowing down for the holidays. WHAT WE NEED IS INVENTORY!
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.
November 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 54 | $3,383,750 | $3,490,897 | 103.17% | 26 |
| Single Family Under $2M | 142 | $1,271,804 | $1,430,893 | 112.51% | 23 |
| Condominium | 221 | $1,273,757 | $1,330,814 | 104.48% | 33 |
| Loft Condo | 11 | $1,184,727 | $1,246,877 | 105.25% | 27 |
| Co-op | 5 | $1,866,000 | $1,853,500 | 99.33% | 49 |
| TIC | 25 | $1,232,400 | $1,292,560 | 104.88% | 35 |
| ALL * | 493 | $1,603,959 | $1,691,512 | 105.46% | 31 |
October 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 90 | $2,693,033 | $2,912,371 | 108.14% | 19 |
| Single Family Under $2M | 159 | $1,183,302 | $1,355,385 | 114.54% | 23 |
| Condominium | 216 | $1,408,617 | $1,485,569 | 105.46% | 26 |
| Loft Condo | 18 | $1,111,767 | $1,146,767 | 103.15% | 36 |
| Co-op | 6 | $1,790,833 | $1,816,333 | 101.42% | 60 |
| TIC | 17 | $1,155,583 | $1,182,671 | 102.32% | 42 |
| ALL * | 557 | $1,677,802 | $1,798,123 | 107.17% | 28 |
November 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 53 | $3,442,790 | $3,516,617 | 102.14% | 27 |
| Single Family Under $2M | 152 | $1,156,002 | $1,297,757 | 112.26% | 25 |
| Condominium | 210 | $1,234,874 | $1,278,204 | 103.51% | 36 |
| Loft Condo | 10 | $1,259,280 | $1,270,106 | 100.86% | 38 |
| Co-op | 4 | $1,153,500 | $1,141,250 | 98.94% | 21 |
| TIC | 17 | $1,292,765 | $1,347,765 | 104.25% | 46 |
| ALL * | 506 | $1,592,733 | $1,664,090 | 104.48% | 33 |
* 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.
November 2019 Report – San Francisco Real Estate Market Update for October 2019
Posted on: November 21, 2019
The number of homes in the Overall Sales category sold in OCTOBER increased significantly from the previous month but was less than a year ago in the San Francisco Real Estate Market. The average sale prices versus list price is less than the previous month but about the same as a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market decreased slightly from the previous month but were about the same 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 than 14% over the asking price, more than the previous month but slightly less than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price including co-ops which tend to always do their own thing. All in all, the San Francisco market continues to be pretty good, but WHAT WE NEED IS INVENTORY! The numbers are off only because there is very little to sell.
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.
October 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 90 | $2,693,033 | $2,912,371 | 108.14% | 19 |
| Single Family Under $2M | 159 | $1,183,302 | $1,355,385 | 114.54% | 23 |
| Condominium | 216 | $1,408,617 | $1,485,569 | 105.46% | 26 |
| Loft Condo | 18 | $1,111,767 | $1,146,767 | 103.15% | 36 |
| Co-op | 6 | $1,790,833 | $1,816,333 | 101.42% | 60 |
| TIC | 17 | $1,155,583 | $1,182,671 | 102.32% | 42 |
| ALL * | 557 | $1,677,802 | $1,798,123 | 107.17% | 28 |
September 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 38 | $3,495,762 | $3,714,976 | 106.27% | 33 |
| Single Family Under $2M | 84 | $1,205,345 | $1,357,295 | 112.61% | 26 |
| Condominium | 157 | $1,416,787 | $1,472,054 | 103.90% | 33 |
| Loft Condo | 7 | $1,084,929 | $1,158,643 | 106.79% | 29 |
| Co-op | 4 | $1,298,500 | $1,345,000 | 103.58% | 95 |
| TIC | 17 | $1,342,882 | $1,413,765 | 105.28% | 42 |
| ALL * | 354 | $1,770,391 | $1,862,813 | 105.22% | 34 |
October 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 84 | $3,586,369 | $3,742,042 | 104.34% | 22 |
| Single Family Under $2M | 159 | $1,160,429 | $1,339,720 | 115.45% | 26 |
| Condominium | 263 | $1,285,358 | $1,369,437 | 106.54% | 25 |
| Loft Condo | 4 | $1,208,750 | $1,241,750 | 102.73% | 55 |
| Co-op | 2 | $2,147,000 | $2,092,500 | 97.46% | 53 |
| TIC | 18 | $907,472 | $1,014,264 | 111.77% | 38 |
| ALL * | 576 | $1,723,592 | $1,846,343 | 107.12% | 26 |
* 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.
October 2019 Report – San Francisco Real Estate Market Update for September 2019
Posted on: October 7, 2019
The number of homes in the Overall Sales category sold in SEPTEMBER decreased again from the previous month as well as a year ago in the San Francisco Real Estate Market. However, the average sale prices versus list price is higher from the previous month as well as a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market increased slightly from the previous month as well as a year ago.
What do these current numbers all mean? STOP US IF YOU’VE HEARD IT! Single family homes UNDER $2M (on average) continue to be the best performer. The average increase was more than 12% over the asking price, less than the previous month as well as a year ago. In fact in all the categories we track the average sales price was over 100% of sales price including co-ops which tend to always do their own thing. All in all, the San Francisco market continues to be pretty good, but WHAT WE NEED IS INVENTORY! The numbers are off only because there is very little to sell.
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.
September 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 38 | $3,495,762 | $3,714,976 | 106.27% | 33 |
| Single Family Under $2M | 84 | $1,205,345 | $1,357,295 | 112.61% | 26 |
| Condominium | 157 | $1,416,787 | $1,472,054 | 103.90% | 33 |
| Loft Condo | 7 | $1,084,929 | $1,158,643 | 106.79% | 29 |
| Co-op | 4 | $1,298,500 | $1,345,000 | 103.58% | 95 |
| TIC | 17 | $1,342,882 | $1,413,765 | 105.28% | 42 |
| ALL * | 354 | $1,770,391 | $1,862,813 | 105.22% | 34 |
August 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 50 | $2,648,158 | $2,823,795 | 106.63% | 27 |
| Single Family Under $2M | 110 | $1,192,677 | $1,385,686 | 116.18% | 25 |
| Condominium | 163 | $1,370,038 | $1,440,066 | 105.11% | 32 |
| Loft Condo | 7 | $801,573 | $842,716 | 105.13% | 41 |
| Co-op | 3 | $1,278,000 | $1,257,000 | 98.36% | 59 |
| TIC | 13 | $1,193,482 | $1,253,577 | 105.04% | 30 |
| ALL * | 393 | $1,596,713 | $1,708,001 | 106.97% | 31 |
September 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 32 | $3,364,984 | $3,480,867 | 103.44% | 34 |
| Single Family Under $2M | 110 | $1,163,958 | $1,364,626 | 117.24% | 19 |
| Condominium | 151 | $1,203,329 | $1,275,473 | 105.99% | 28 |
| Loft Condo | 6 | $1,068,833 | $1,234,208 | 115.47% | 11 |
| Co-op | 3 | $1,881,667 | $1,833,333 | 97.43% | 103 |
| TIC | 15 | $1,020,933 | $1,073,000 | 105.10% | 46 |
| ALL * | 367 | $1,600,594 | $1,712,962 | 107.02% | 30 |
* 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.
September 2019 Report – San Francisco Real Estate Market Update for August 2019
Posted on: September 4, 2019
The number of homes in the Overall Sales category sold in AUGUST decreased dramatically from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was lower than last month but higher than a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market remained the same from the previous month but slightly higher than 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 than 16% over the asking price, slightly less than the previous month but slightly more than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of co-ops which tend to always do their own thing. All in all, the San Francisco market continues to be pretty good, but WHAT WE NEED IS INVENTORY! The numbers are off only because there is very little to sell .
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.
August 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 50 | $2,648,158 | $2,823,795 | 106.63% | 27 |
| Single Family Under $2M | 110 | $1,192,677 | $1,385,686 | 116.18% | 25 |
| Condominium | 163 | $1,370,038 | $1,440,066 | 105.11% | 32 |
| Loft Condo | 7 | $801,573 | $842,716 | 105.13% | 41 |
| Co-op | 3 | $1,278,000 | $1,257,000 | 98.36% | 59 |
| TIC | 13 | $1,193,482 | $1,253,577 | 105.04% | 30 |
| ALL * | 393 | $1,596,713 | $1,708,001 | 106.97% | 31 |
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 |
August 2018 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 52 | $2,866,808 | $3,022,939 | 105.45% | 23 |
| Single Family Under $2M | 123 | $1,183,248 | $1,377,008 | 116.38% | 22 |
| Condominium | 180 | $1,289,999 | $1,356,161 | 105.13% | 31 |
| Loft Condo | 17 | $1,104,851 | $1,146,479 | 103.77% | 30 |
| Co-op | 2 | $1,269,500 | $1,264,000 | 99.57% | 96 |
| TIC | 20 | $1,372,750 | $1,442,069 | 105.05% | 39 |
| ALL * | 435 | $1,583,942 | $1,691,283 | 106.78% | 29 |
* 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.
August 2019 Report – San Francisco Real Estate Market Update for July 2019
Posted on: August 2, 2019
The number of homes in the Overall Sales category sold in JULY increased slightly from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was slightly power than last month but significantly higher than a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market increased slightly from 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 again almost 17% over the asking price, more than the previous month but less than a year ago (at slightly over 17%) . In fact in all the categories we track the average sales price was over 100% of sales price. All in all, the San Francisco market continues to hum along! It’s looking like we are in store for a great fall market.
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.
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 |
June 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 70 | $3,197,457 | $3,421,708 | 107.01% | 21 |
| Single Family Under $2M | 111 | $1,183,512 | $1,384,395 | 116.97% | 22 |
| Condominium | 217 | $1,371,618 | $1,455,571 | 106.12% | 28 |
| Loft Condo | 15 | $1,120,800 | $1,201,600 | 107.21% | 24 |
| Co-op | 4 | $2,420,750 | $2,411,250 | 99.61% | 67 |
| TIC | 20 | $1,291,075 | $1,334,400 | 103.36% | 59 |
| ALL * | 495 | $1,740,033 | $1,865,687 | 107.22% | 29 |
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 |
* 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.
July 2019 Report – San Francisco Real Estate Market Update for June 2019
Posted on: July 14, 2019
The number of homes in the Overall Sales category sold in JUNE decreased significantly from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was slightly higher than last month but significantly higher than a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market was about the same as the previous month but slightly more than 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 almost 17% over the asking price, more than the previous month but less than a year ago (at over 21%) . In fact in all the categories we track the average sales price was over 100% of sales price except Co-ops. All in all, the San Francisco market continues to hum along! It’s looking like we are in store for a great summer market.
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.
June 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 70 | $3,197,457 | $3,421,708 | 107.01% | 21 |
| Single Family Under $2M | 111 | $1,183,512 | $1,384,395 | 116.97% | 22 |
| Condominium | 217 | $1,371,618 | $1,455,571 | 106.12% | 28 |
| Loft Condo | 15 | $1,120,800 | $1,201,600 | 107.21% | 24 |
| Co-op | 4 | $2,420,750 | $2,411,250 | 99.61% | 67 |
| TIC | 20 | $1,291,075 | $1,334,400 | 103.36% | 59 |
| ALL * | 495 | $1,740,033 | $1,865,687 | 107.22% | 29 |
May 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 55 | $3,242,599 | $3,428,542 | 105.73% | 22 |
| Single Family Under $2M | 140 | $1,218,726 | $1,386,485 | 113.77% | 23 |
| Condominium | 260 | $1,233,371 | $1,327,703 | 107.65% | 28 |
| Loft Condo | 19 | $1,077,667 | $1,106,709 | 102.69% | 32 |
| Co-op | 12 | $2,078,149 | $2,081,167 | 100.15% | 33 |
| TIC | 28 | $1,303,393 | $1,379,067 | 105.81% | 41 |
| ALL * | 610 | $1,721,938 | $1,827,213 | 106.11% | 30 |
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 |
* 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.
5 Reasonable Repairs to Request Before You Buy a House
Posted on: June 19, 2019
By: Paige A. Mitchell
You’ve found your dream home and are looking to get the necessary repairs done before you can move further. These repairs will test your negotiating skills; we suggest focusing on those that will directly affect you instead of asking for all small and large fixes. Here are five reasonable repairs to request before buying a house.
- Galvanized Pipes
Common in the 1960s, galvanized pipes have a zinc coating to protect them from corrosion and rust. The zinc used in these pipes was most likely impure, so it may contain other compounds, including harmful ones like lead. Also, while the zinc protects the pipe from the outside, the water flowing through them damages them from the inside, possibly causing water pressure issues. The lifespan of a galvanized steel pipe is typically 20 to 50 years, according to house logic.
- Sewer Pipes
Sewer pipe replacements can be expensive, but they may also be necessary. An expert will be able to determine if the problem is localized or extensive. If the damage is extensive, then the whole pipe may need to be replaced. Of course, the type of pipe will also be important in determining its life span. For instance, the wood fiber-based Orenburg pipe lasts for about 50 years. These pipes are more common in the houses built in the 1950s.
- Wiring
Problems with the electrical distribution system are the third leading cause of structure fires in US homes, according to ESFi. Some houses built in the 60s may have aluminum wiring instead of copper. Aluminum wiring is problematic because it can lead to overheating and fires. The inspection should make it clear whether the whole installation needs to go, or some minor replacements will do the job.
- Roofing
It’s perfectly reasonable to ask for repairs if the roofing inspection reveals any extensively damaged parts. If the seller doesn’t have a roofing certificate, request an inspection and certification. The roofer won’t provide a certificate for a roof that still needs work. Again, don’t mind a few broken or missing shingles. Do discuss damaged skylights, chimneys, and vents.
- Heating and Cooling
Determine the age and condition of the heating and cooling systems as well. Some of the costlier repairs include heat exchangers ($500 to $1,200), smart valve ($750), condenser coil ($1,900 to $2,900) and compressor ($1,900) (prices by HVAC.com). If the HVAC system needs replacements or repairs, then remind the seller of these issues as well.
Repair Options
Some sellers will offer repair credit for major repairs. And, any credit left over after the repair goes back to the provider. If the seller isn’t willing to make repairs in advance, ask them to include a home warranty with the home.
You can ask for repairs for any problems with the house that will stop you from using it normally. Of course, there may also be some smaller issues that need attention. But, you have to give and take in these matters; ignore the minor ones, and focus on the major ones.
The Most Efficient Way to Unpack Once you’ve Moved Into your New Home
Posted on: June 5, 2019
Guest Post by: Paige Mitchell
If you’ve ever moved to a new home, you know just how exciting and stressful it can be. Even after you’ve gotten all your belongings into your new place, the unpacking process can start to feel overwhelming.
Sometimes, it can even feel like living out of boxes until everything is slowly unpacked is your best option. But fortunately, the unpacking process doesn’t have to be as daunting as it seems. Keep reading for some tips on the most efficient way to unpack once you’ve into your new home.
Clean Before You Unpack
Even if your new home looks spotless when you move in, it’s still a good idea to clean everything thoroughly. Since it’ll be much more difficult to clean once everything is in its designated place, it’s a good idea to get your cleaning done before you unpack.
Create a Labeling System for your Boxes
One of the worst things you can do is throw a bunch of random from different rooms into one box. Instead, you should try creating a specific labeling system for your boxes. You can organize your boxes by number or color based on what rooms the items go in.
As you (or movers) bring your belongings into your new home, they’ll know exactly where the boxes belong. When you start to unpack, you won’t have to worry about running around and trying to find all of your stuff.
Unpack Your Bedroom and Bathroom First
No matter how smooth your move goes, it’s still going to make for a pretty long day. The first thing on your mind will probably be climbing into bed for a good night’s sleep. By unpacking your bedroom and bathroom first, you’ll have all the necessities you need to get ready for bed on your first night.
As soon as your bed is set up in your room, you should unpack your bedding and make your bed. You can then move on to the rest of your bedroom items before moving on to the bathroom.
Don’t Unpack or Set Up Things That’ll Distract You
You may be tempted to set up your TV, computer, or game consoles right away, but this is one trap you definitely don’t want to fall into. It’s best to save electronic gadgets until the end of your unpacking process so you can avoid distractions as you unpack the rest of your things.
Don’t Unpack the Kitchen on Moving Day
The kitchen may seem fairly easy to unpack, but it’s usually one of the most time-consuming rooms due to the number of items, small appliances, and utensils you have in your kitchen. Since it can take a while to get your kitchen organized, you might want to put this room off until the day after you move. While you’re unpacking your kitchen, you should also ensure that all of your home appliances are working properly. The last thing you want is to realize the dishwasher is acting up after you finally finish unpacking.
Enjoy Your New Home!
The best part of unpacking is undoubtedly when it’s all done. Once everything is in place, you can finally rest, relax, and enjoy the comforts of your new home.
June 2019 Report – San Francisco Real Estate Market Update for May 2019
Posted on: June 4, 2019
The number of homes in the Overall Sales category sold in MAY increased from last month and was slightly more than a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was less than last month as well as a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market decreased slightly from the previous month but was more than 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 almost 14% over the asking price, more than the previous month but less than a year ago . In fact in all the categories we track the average sales price was over 100% of sales price including Co-ops. All in all, the San Francisco market continues to hum along! It’s looking like we are in store for a great summer market.
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 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 55 | $3,242,599 | $3,428,542 | 105.73% | 22 |
| Single Family Under $2M | 140 | $1,218,726 | $1,386,485 | 113.77% | 23 |
| Condominium | 260 | $1,233,371 | $1,327,703 | 107.65% | 28 |
| Loft Condo | 19 | $1,077,667 | $1,106,709 | 102.69% | 32 |
| Co-op | 12 | $2,078,149 | $2,081,167 | 100.15% | 33 |
| TIC | 28 | $1,303,393 | $1,379,067 | 105.81% | 41 |
| ALL * | 610 | $1,721,938 | $1,827,213 | 106.11% | 30 |
April 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 70 | $3,964,047 | $4,135,713 | 104.33% | 28 |
| Single Family Under $2M | 146 | $1,215,129 | $1,368,076 | 112.59% | 24 |
| Condominium | 256 | $1,335,970 | $1,397,209 | 104.58% | 36 |
| Loft Condo | 18 | $1,042,100 | $1,103,323 | 105.87% | 36 |
| Co-op | 2 | $1,374,000 | $1,349,000 | 96.16% | 117 |
| TIC | 28 | $1,149,679 | $1,176,073 | 102.30% | 47 |
| ALL * | 565 | $1,649,742 | $1,786,541 | 108.29% | 34 |
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 |
* 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.
