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FEBRUARY 2021 – Back to business! – San Francisco Real Estate

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February 18, 2021

The SFResidence Real Estate Review
FEBRUARY 2021

Hello from Janis and Bethany,

Janis and BethanyWE’RE BACK.  Our newsletter has been on hiatus but we are back with good news.  No one needs to say that 2020 was a challenging year as everyone has already said it.  But we did have some bright spots the last quarter of 2020 and the beginning of 2021 with demand rising and inventories falling.

The bright spot in the real estate market last year was single family homes with multiple rooms and outdoor spaces for all the different activities that were taking place at home.   Condos that sold well were ones with separate entrances and outdoor spaces.  It was also a fabulous time for first time buyers and investors.  Not only were prices lower than we have seen in quite a while for condos and homes but interest rates were so low that buying power increased to levels we have not seen for over a decade.  However, FEAR was ever present on many levels.  I describe FEAR as False Expectations Appearing Real.  There were some brave, smart people who were secure in the income earning power that were able to take advantage of the situation.  They bought properties and I think will look back on this time as one of the great buying opportunities in San Francisco.

I know that all of you heard of the “migration” out of San Francisco.  We did have many people, especially families accelerate their plans to relocate to either other cities and states or to adjoining counties such as Marin, Napa, Sonoma, Contra Costa, etc but we still have many people who want to stay in San Francisco and are looking forward to the time when we will see the many things we love about the City return.

I had a listing on the Embarcadero in October and November and I was so thrilled to drive along the Embarcadero enjoying the water, blue sky, the Farmer’s Market at the Ferry Building and the diners enjoying outdoor dining.  I remember the many happy memories of Giant’s games at the Ball Park and shopping at the Ferry Building.  People were enjoying running and biking on the waterfront.  None of that is gone forever.  It will return along with all of the other exciting venues and restaurants.  We need to support our City and the neighborhood businesses if we want to speed up the recovery and hang on to the ones we love.

I rarely get on a “soapbox” but I am going to risk it today.  We need to get more law and order in San Francisco.  The crime and lack of a logical system to deal with the homeless problem is going to make recovery very difficult and operate at a snails pace.

How do we do this?  Write, call and talk with your dollars to the policy makers.  Make your voice heard. The Board of Supervisors and the Mayor have to be inundated with complaints from their constituents and those who pay the taxes.  Anyone who owns property in San Francisco should write and call them as many times as possible and tell them that you want change.  I know that some of you own property but don’t live in the City anymore but your tax dollars support the system.  If you pay for parking you support the system.  If you buy anything in the City you are supporting the system and have a voice.  They are going to go broke and have no money to support anything (even their salaries) if they don’t make policies that support small and large business.  Small and large businesses cannot succeed if San Francisco does not make it safe and attractive, especially financially for them to do business.  Their policies have allowed crime to flourish.  One of  the main businesses is tourism.  As we get a vaccine and reach herd immunity tourism will return but not if the people do not think it is safe to visit.  NOW is the time to act if you want San Francisco to return to it’s prior glory.  I want it to return.  I love San Francisco but sometimes that is not enough.  ACTION IS NEEDED.

Thank you for reading this —if you made it to the end.  You will help yourselves and San Francisco if you take action.

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San Francisco Market Update by Patrick Carlisle

San Francisco Information

Patrick Carlisle is a resource we have who compiles data on Real Estate prices, activity and trends.  He also provides great historical data.

Click on the image to go to the shared information.

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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

 

Bethany and Annabelle Christmas 2021
Here is a picture of Bethany and her daughter, Annabelle, at our house Christmas 2020.

Annabelle, who just turned 7 was a great help this year decorating our tree and the house.  She also was very good at decorating cookies.

She is so artistic!

Scarlett Abinante in Animal Kingdon Season 5
And there are stars everywhere in our family!
We are very proud of our grand-niece, Scarlett Abinante who will star in Season 5 of Animal Kingdom airing in 2021!Scarlett is also on GOOD GIRLS and has some movies in the works.She is working so hard to be a great actress.  We are so proud of her.
The Silvers 2020
Mick has finally put together a local live band to play their music in clubs as soon as we are out of quarantine. The Silvers have put together this cute animated video of one of their latest songs, Stand Up which gives a shout out to first responders everywhere!

Mick and Tom Kelley are still writing songs long distance. The live local band includes Steve Farac (guitar, keyboards and vocals), Dain Bedford-Pugh (guitar and vocals) and Carl Upthegrove (drums).

One of their songs, “Keep On Believing” will be featured in a 2021 movie called “Manifest West” which Mel Gibson’s son, Milo, stars in and his son, Louie, directs.

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SOLD, FEATURED and COMING SOON Compass Listings

CALL OR EMAIL FOR MORE INFORMATION

 

PENDING
85 Uranus Terrace

575 Fairmont Ave., Mountain View

Four Bedroom home in fantastic Old Mountain View location – only 2 blocks to Castro Street.  This property features an open floor pan with sliding glass doors leading to a private backyard from both the living room and back bedroom.  Well-maintained home with a renovated kitchen, full pantry, hardwood floors throughout, new furnace & air conditioning, and an attached garage.  Super easy access to shopping, transportation, farmers market and parks.

Listed for $1,675,000

SOLD
85 Uranus Terrace

85 Uranus Terrace

Stunning City and Bay Views!  Private Deck and Garage!  Terraced, Deeded Yard! An indoor/outdoor private sanctuary perched on a quiet block overlooking the city. This condo includes the perfect combination of a huge terraced backyard, private sunny deck, views of the city and bay, and a private garage.     Built in 1908, this condo features period details as well as a flexible two-story floor plan.  The first floor has 2 bedrooms, a full bath and a living room/dining area with big city and bay views views.  Downstairs includes a private home-office and third bedroom leading directly to a private, sunny deck.  You can access the terraced yard from the downstairs.     Centrally located in Corona Heights, you are walking distance to Cole Valley, Buena Vista Park and the Castro and a quick drive to other parts of the city.  The property includes a private garage, hardwood floors, large closets, and in-unit laundry.

Sold for $1,675,000

SOLD
2852-54 Steiner

2852-54 Steiner

Victorian units with high ceilings, hardwood floors, updated kitchens and baths and a flexible floor plan. Both of the units can have 2-3 bedrooms, formal dining room family room and den. Perfect for partners as both units are similar size and floor plan. The large garage has parking for 3+ cars or development potential. A stairway from the upper unit leads to a flat roof with a PANORAMIC BAY and CITY VIEWS. Perfect for a view roof deck or maybe potential for more development. Both units have in unit laundry. No OMI or other evictions so a good candidate for condo conversion. 2852-54 Steiner is a VACANT 2 unit building that has been freshly painted and updated. The new front window of the lower unit is on order as there are new Marvin windows on many of the windows.

Sold for $2,350,000

SOLD
2606 Buchanan 2606 Buchanan

Mid Century top floor remodeled condominium in a 2 unit building.  Open floor plan with a large living/dining room with a wood burning fireplace, opening to a great kitchen with top of the line appliances, 2 bedrooms, 2 baths, hardwood and parquet floors, 2+ exclusive tandem parking, room and ½ bath down.

Listed at $1,595,000 SOLD for $1,625,000

SOLD
1703 Gough 1703 Gough

Majestic, modern Victorian featuring 4 bedrooms, 5.5 baths on an extra wide lot w/high ceilings, hardwood floors, lovely details, 3 fireplaces. Grand scale living & dining room has a gas fireplace & an adjacent office & 1/2 bath. The family room w/gas fireplace is adjacent to a large, sunny, chef’s kitchen featuring honed black granite counter tops, 6 burner Wolf range w/grill, pot filler & Sub-Zero. Open to the kitchen is an informal dining room w/ a wine fridge, pantry & a full bath. French doors lead to a sheltered ipe wood deck w/ a gas fireplace & a protected lawn/play area. A gracious curved staircase leads to upper level w/ 4 bedrooms each with its own en suite remodeled bath. A grand master bedroom has 2 closets, a wet bar, mini fridge. The master bath has double sinks, Jacuzzi & stall shower. The middle bath has a steam shower. New washer & dryer on the top floor & in the 2 car gar, 12 in ceiling speakers, alarm system, owned solar complete this unique, amenity filled home.

Listed at $3,195,000 sold for $3,050,000

SOLD

1 Burnette Ave. N. #1

460 Filbert #3

Telegraph Hill mid century style top floor 1 bedroom condo in a 3 unit building with expansive City views. Newly converted condo with an open floor plan, great room with hardwood floors, free standing gas fireplace & sliding glass doors leading to a private deck- great to BBQ. The remodeled kitchen features custom wood cabinets, Bosch dishwasher, side by side refrigerator with ice maker, gas range and disposal. The large bedroom has City views, generous closets and a built in office area is in the hallway. There is a remodeled bath with shower over tub and a skylight. City views can be enjoyed from the bedroom & the living room. The huge common area roof deck has expansive views of Coit Tower, the City to the south and west all the way to the Golden Gate Bridge. There is one car carport parking and a private storage room. HOA dues have yet to be determined but will include building insurance, common area PG&E, water,common area maintenance & reserves.

Listed at $895,000 Sold for $1,075,000

SOLD

111 Chestnut #610

111 Chestnut #610

A special, sunny, SE corner 1 bedroom + den condo at Parc Telegraph. Original owner was meticulous and this unit shows it. The open floor plan living area has views of Coit Tower and the den features a built-in desk, bookshelves and a view of the Bay & Coit Tower. The kitchen has electric range, dishwasher, microwave, disposal, refrigerator, and is open to the living area. The bathroom has a shower over tub and there is an in unit washer and dryer. The bedroom has views of Coit Tower. Parc Telegraph amenities include a gym 24 hour concierge, event room, guest suite and professional management.

Listed at $795,000 Sold for $808,000

SOLD

206 Sutter #306

2060 Sutter #306

Near the dynamic Fillmore corridor, this home presents a wonderful floor plan offering spaciousness, comfort & contemporary design. On the coveted courtyard side of building with lush urban outdoor space views. Sizable open main living area w/expansive window, ribbon flame fireplace, solar shades. Dining area w/sliding glass doors to access deck overlooking interior courtyard. Gourmet kitchen opens directly to dining area across an expansive granite counter. Newly renovated front BA has exquisite marble tiled shower stall w/Schicker luxury shower doors, illuminated mirror over sleek elongated sink. Master BD has space for office/sitting area & dual privacy/blackout shades. Extraordinary walk-in closet w/frosted glass barn doors can hold a sizable wardrobe. Master BA w/marble vanity, ample cabinetry, walk-in shower, heated floors. 2ndBD w/dual privacy/blackout shades. In-unit W/D. Superb condo provides sophistication & exceptional comfort centrally located to the best SF has to offer.

Listed at $1,227,000 Sold for $1,227,000 Buyer Represented

SOLD

1 Burnette Ave. N. #1

1 Burnette Ave. N. #1

Positioned high atop the city in Twin Peaks, this contemporary condo boasts one-of-a-kind panoramic views spanning from the Golden Gate Bridge to Golden Gate Park across the city to the downtown skyline and the Bay Bridge. Leave the hustle and bustle at your doorstep and enter into this serene and secluded urban oasis. Situated off the street and down a private driveway, this very unique and partially detached full floor condo has a truly livable floor plan, polished finishes and glorious light. Enjoy these magnificent views from the spacious master bedroom suite, the living room, the open dining room and kitchen as well as the 2 view decks off the master and the living room. The rear of the home consists of an additional full bathroom and another bedroom. Welcome home to this tranquil retreat in the city just moments to the 280 freeway, urban hike trails and the hip shops and restaurants in Cole Valley, the Castro and Noe Valley.

Listed at $1,395,000 Sold for $1,400,000 Buyer Represented

SOLD

85 Uranus Terrace #A

85 Uranus Terrace #A

Step into this peaceful and bright top floor 1+Bedroom, 1 Bath Condo on a coveted Corona Heights block. The spacious living room and kitchen have picture windows with a spectacular view spanning from Downtown to Bernal Heights. You can soak up the sun and the view from your private deck. The well appointed bedroom has a large walk-in closet and 3 adjacent closets in the hallway. The bonus room off the living room makes an excellent home office. Laundry in the unit. This is a special property in an excellent, central location.

Listed at $1,095,000 Sold for $1,075,000

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See you next month!

Janis Stone DRE# 00517072
(415) 987-1845Compass DRE# 01866771

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7 Reasons Why You Should Stop Renting and Buy a Home

Many people argue that it is overrated to have house ownership but there are plenty of reasons and advantages why you should stop renting and buy a home.

The perks of house ownership that tend to stay stable over time include, the comfort of owning a home, building long-term equity, lower overall monthly cost, and of course pride that is associated with owning your own home.

Here are 7 reasons why you should stop renting and buy a home.

  1. Build equity in your own property

Owning a home simply means that now you have a property in your name.

The house that you buy can also have the potential to turn a profit; either as an investment property you sell later after equity build up or through renting it.

One of the leading reasons why people choose to buy a house over renting, is the financial benefits.

  1. Rents keep rising

If you live in a rented house, then most likely you’re facing the issue of increasing rent every year.

Do you know that our National Rent Index continues to climb? It shows that the rates grew 0.5 percent between May and June. Rates keep climbing over month-to-month growth of 0.5.

Currently, at the National Level year-to-year growth stands at 2.9 percent. In addition to that rates are now increasing in nearly all of the nation’s biggest markets.

But when you have your own house or property, your payment stays with you.

Unless you have an adjustable-rate mortgage or you refinance to take cash out or take out a home equity loan, your payment is not going anywhere!

  1. Stability for peace of mind

Another reason to buy a house over rent is that it provides a significant amount of stability for you and your family.

There are no such problems as the stress of rising rent prices or fear of being forced to move out due to the property being sold.

House ownership also provides you with mental stability; it will feel like a home that should be a secure and safe sanctuary for all – especially for young children.

  1. Decorating freedom

You could have seen that almost all rentals will have imposed rules on where and how you can decorate, and often times landlords are very stringent on what you can do to their property.

Restrictions may include no permanent gardening, no drilling into walls, stick-on hooks, and no painting.

However, in your home, it is totally up to you, so decorate to your heart’s content.

  1. You do not pay someone else’s mortgage

You build the equity of your landlord when you pay rent each month. And you do not see that money after moving.

But this does not happen when you own your house. Instead, you get to reap the profits of years of paying down the mortgage and not a landlord!

To make this happen, you need to make some moves and make house ownership a reality. Increase your savings to make a down payment and raise your credit score to qualify for a mortgage.

  1. Space for pets

A common downside that many people face when renting is the strict rules on pet ownership.

The problem with pets for most landlords, is they can be a nightmare. Pets can do serious damage to a property eating into the landlord’s bottom line.

That’s why many landlords shy away from allowing pets or charge monthly fees for allowing them.

If you own your home, you won’t have to worry about these restrictions.

  1. Build your home just the way you like it

When you are the owner of your home, there are no restrictions. You are free from all kinds of problems and stress.

You can build your house in any shape, in any way. Because it is your property, and you decide how to make it.

JANUARY 2021 Report – San Francisco Real Estate Market Update for December 2020


The number of homes in the Overall Sales category sold in DECEMBER decreased from the previous month but were about the same as a year ago in the San Francisco Real Estate Market. However, as you can see, only one category (Single Family Homes under $2M) did properties sell, on average, for OVER the asking price. It appears the Covid experience has brought a buyers’ market. 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 about the same as the previous month as well as a year ago.

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.

December 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 111 $3,759,088 $3,694,583 98.28% 43
Single Family Under $2M 552 $1,177,346 $1,205,231 102.37% 43
Condominium 314 $1,280,404 $1,265,879 98.87% 52
Tenancy In Common 28 $1,215,464 $1,206,545 99.27% 64
Townhouse 16 $1,441,250 $1,436,611 99.68% 49
Co-op 9 $2,284,222 $2,216,222 97.02% 92
ALL * 419 $1,432,315 $1,418,584 99.04% 54

November 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 56 $3,475,576 $3,488,653 100.38% 35
Single Family Under $2M 162 $1,293,817 $1,392,419 107.62% 29
Condominium 274 $1,324,187 $1,323,709 99.96% 46
Loft Condo 16 $1,054,938 $1,043,531 98.92% 70
Co-op 5 $641,180 $658,822 102.75% 44
TIC 28 $1,367,107 $1,356,272 99.17% 60
ALL * 608 $1,670,151 $1,696,068 101.55% 41

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

* 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.

DECEMBER 2020 Report – San Francisco Real Estate Market Update for November 2020


The number of homes in the Overall Sales category sold in NOVEMBER decreased slightly from the previous month but were more than a year ago in the San Francisco Real Estate Market. However, the average sale prices versus list price is about the same as 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 were about the same as the previous month as well as a year ago.

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.

November 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 56 $3,475,576 $3,488,653 100.38% 35
Single Family Under $2M 162 $1,293,817 $1,392,419 107.62% 29
Condominium 274 $1,324,187 $1,323,709 99.96% 46
Loft Condo 16 $1,054,938 $1,043,531 98.92% 70
Co-op 5 $641,180 $658,822 102.75% 44
TIC 28 $1,367,107 $1,356,272 99.17% 60
ALL * 608 $1,670,151 $1,696,068 101.55% 41

October 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 93 $3,023,020 $3,074,627 101.71% 30
Single Family Under $2M 192 $1,273,525 $1,395,076 109.54% 24
Condominium 245 $1,285,809 $1,290,443 100.36% 39
Loft Condo 13 $986,538 $1,002,692 101.64% 36
Co-op 2 $1,972,000 $1,969,500 99.87% 4
TIC 30 $1,068,200 $1,093,117 102.33% 56
ALL * 624 $1,629,477 $1,672,031 102.61% 35

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

* 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.

NOVEMBER 2020 Report – San Francisco Real Estate Market Update for October 2020

October 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 93 $3,023,020 $3,074,627 101.71% 30
Single Family Under $2M 192 $1,273,525 $1,395,076 109.54% 24
Condominium 245 $1,285,809 $1,290,443 100.36% 39
Loft Condo 13 $986,538 $1,002,692 101.64% 36
Co-op 2 $1,972,000 $1,969,500 99.87% 4
TIC 30 $1,068,200 $1,093,117 102.33% 56
ALL * 624 $1,629,477 $1,672,031 102.61% 35

September 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 85 $2,874,235 $2,936,531 102.17% 26
Single Family Under $2M 152 $1,275,053 $1,376,480 107.95% 24
Condominium 256 $1,325,978 $1,324,443 99.88% 41
Loft Condo 15 $1,156,767 $1,133,300 97.97% 47
Co-op 7 $2,832,143 $2,791,857 98.58% 96
TIC 33 $1,187,301 $1,204,342 101.35% 50
ALL * 576 $1,579,463 $1,613,141 102.13% 36

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

* 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.

OCTOBER 2020 Report – San Francisco Real Estate Market Update for September 2020


The number of homes in the Overall Sales category sold in SEPTEMBER decreased significantly from the previous month but were more than a year ago in the San Francisco Real Estate Market. However, the average sale prices versus list price is lower 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 were about the same as the previous month as well as a year ago.

What do these numbers mean? we’re starting to sound like a broken record, but as you can see, single family homes UNDER $2M (on average) continue to be the best performer. The average increase was almost 8% over the asking price, slightly less than the previous month and below a year ago. For the first time in a long time we have 3 categories that sold, on average, under the asking price. These were all in the generalized CONDO categories which tells us that buyers are most likely able to negotiate a better price with the seller.

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.

September 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 85 $2,874,235 $2,936,531 102.17% 26
Single Family Under $2M 152 $1,275,053 $1,376,480 107.95% 24
Condominium 256 $1,325,978 $1,324,443 99.88% 41
Loft Condo 15 $1,156,767 $1,133,300 97.97% 47
Co-op 7 $2,832,143 $2,791,857 98.58% 96
TIC 33 $1,187,301 $1,204,342 101.35% 50
ALL * 576 $1,579,463 $1,613,141 102.13% 36

August 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 306 $3,285,850 $3,287,219 100.04% 33
Single Family Under $2M 544 $1,299,200 $1,413,790 108.82% 23
Condominium 831 $1,357,862 $1,358,441 100.04% 42
Loft Condo 56 $1,299,071 $1,266,232 97.47% 55
Co-op 19 $1,131,842 $1,098,632 97.93% 62
TIC 102 $1,133,412 $1,134,914 100.13% 35
ALL * 2031 $1,702,989 $1,730,571 101.62% 36

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

* 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.

SEPTEMBER 2020 Report – San Francisco Real Estate Market Update for August 2020


Let us preface this by saying we have not seen numbers quite like this in a very long time. The number of homes in the Overall Sales category sold in AUGUST were over 4 times as many from the previous month and 5 times as many as a year ago in the San Francisco Real Estate Market. In spite of the continued COVID-19 pandemic lock down (or maybe because of it?), restrictions by the City of San Francisco and the Black Lives Matter violence continues to have a lot to do with people leaving the San Francisco real estate market. As you can see. the average sale price overall versus list price is a little less than last month but much 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. 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 almost 9% over the asking price, more than the previous month but below a year ago indicating fewer over asking price offers in all the categories we track. We are noticing is the significant increase in people selling their homes. But at the same time there are buyers ready to take the place of those leaving. The rest of the categories are getting closer and closer to “normal” markets (100% of asking price or less) in other categories. As stated above, the number of homes sold were over 4 times as many last month and 5 times as many as a year ago.

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.

August 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 306 $3,285,850 $3,287,219 100.04% 33
Single Family Under $2M 544 $1,299,200 $1,413,790 108.82% 23
Condominium 831 $1,357,862 $1,358,441 100.04% 42
Loft Condo 56 $1,299,071 $1,266,232 97.47% 55
Co-op 19 $1,131,842 $1,098,632 97.93% 62
TIC 102 $1,133,412 $1,134,914 100.13% 35
ALL * 2031 $1,702,989 $1,730,571 101.62% 36

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

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

* 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.

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.

JULY 2020 Report – San Francisco Real Estate Market Update for June 2020

The number of homes in the Overall Sales category sold in JUNE increased significantly from last 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 has a lot to do changing the real estate market.

As you can see. the average sale price versus list price is again 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. Average days on the market were about the same as last 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 than 8% over the asking price. The rest of the categories are getting closer and closer to “normal” markets in other areas. There doesn’t seem to be as much competition to drive prices up as in the past. The number of homes increased from last month but were far less than a year ago. Once again we have three 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.

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

May 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 32 $2,931,219 $2,967,957 101.25% 26
Single Family Under $2M 72 $1,340,699 $1,429,259 106.61% 23
Condominium 87 $1,225,864 $1,239,866 101.14% 38
Loft Condo 5 $925,136 $912,936 98.68% 58
Co-op 1 $12,500,000 $9,330,000 74.67% 50
TIC 9 $1,330,778 $1,326,111 99.65% 52
ALL * 220 $1,642,565 $1,667,983 101.55% 34

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

* 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.

JUNE 2020 Report – San Francisco Real Estate Market Update for May 2020

The number of homes in the Overall Sales category sold in May decreased from last month as well as a year ago in the San Francisco Real Estate Market. The continued COVID-19 pandemic lock down and now the George Floyd violence has a lot to do with this drastic reduction in numbers.

The average sale price versus list price is 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. Average days on the market crept up from last 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 7% over the asking price. The rest of the categories are getting closer and closer to “normal” markets in other areas. Once again the number of homes decreased from last month and were far less than a year ago. For the first time in a long time we have three categories where the average sales price dipped under the average list price.

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.

May 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 32 $2,931,219 $2,967,957 101.25% 26
Single Family Under $2M 72 $1,340,699 $1,429,259 106.61% 23
Condominium 87 $1,225,864 $1,239,866 101.14% 38
Loft Condo 5 $925,136 $912,936 98.68% 58
Co-op 1 $12,500,000 $9,330,000 74.67% 50
TIC 9 $1,330,778 $1,326,111 99.65% 52
ALL * 220 $1,642,565 $1,667,983 101.55% 34

April 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 39 $4,210,846 $3,980,627 94.53% 23
Single Family Under $2M 63 $1,207,422 $1,334,651 110.54% 21
Condominium 95 $1,339,358 $1,395,232 104.17% 31
Loft Condo 6 $1,148,333 $1,215,000 105.81% 15
Co-op 2 $2,474,000 $2,750,000 111.16% 16
TIC 8 $1,170,249 $1,185,375 101.29% 59
ALL * 233 $1,929,032 $1,950,283 101.10% 28

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

* 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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