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

Posted on: October 19, 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

Posted on: September 10, 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.

* 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

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

Posted on: August 12, 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.

* 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

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

Posted on: July 11, 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.

* 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

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

Posted on: June 3, 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

MAY 2020 Report – San Francisco Real Estate Market Update for April 2020

Posted on: May 9, 2020

The number of homes in the Overall Sales category sold in April decreased significantly from the previous month as well as a year ago in the San Francisco Real Estate Market. The COVID-19 pandemic lock down during April has had a lot to do with this drastic reduction in numbers.

Even so, the average sale price versus list price is more than the previous month as well as a year ago indicating prices are continue to creep up. 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 the same as the previous month but were far 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. The average increase was more almost 10% over the asking price. The number of homes decreased drastically from last month and were far less than a year ago. For the first time in a long time even Single Family Homes OVER $2M were affected as the average sales price dipped under the average list price for the first time in a very long time. Since this was the first full month with the COVID-19 restrictions it is interesting to see the numbers continuing to be strong.

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

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

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

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

March 2019 **

APRIL 2020 Report – San Francisco Real Estate Market Update for March 2020

Posted on: April 8, 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.

* 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.

MARCH 2020 Report – San Francisco Real Estate Market Update for February 2020

Posted on: March 5, 2020

The number of homes in the Overall Sales category sold in January decreased significantly 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 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. Though the numbers are not quite as good as history shows, the average increase was still more than 8% over the asking price. The number of homes decreased from last month but were about the same as a year ago indicates that sales for the month were most affected by the time of year. We typically have a slow down around the end of the year and then start to pick up in the spring. We shall see. The most interesting fact about this month’s numbers was that the average sales price in three categories we track were less than the asking price (less than 100%). This could indicate a market slow down, however, we will see what happens starting in March. All in all, the San Francisco market seems to be slowing down. It either indicates we are in for a more normal market or… buyers are becoming more realistic about what the properties are worth. Stay tuned!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

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

January 2020 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	21	$4,848,381	$4,722,238	98.00%	42
Single Family Under $2M	68	$1,225,304	$1,326,594	108.27%	37
Condominium	106	$1,322,290	$1,318,919	99.75%	62
Loft Condo	10	$1,146,950	$1,155,850	100.78%	44
Co-op	4	$2,669,750	$2,634,875	98.69%	136
TIC	19	$1,110,632	$1,132,158	101.94%	19
ALL *	272	$1,825,082	$1,826,046	100.05%	57

February 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	32	$3,248,313	$3,318,656	102.17%	38
Single Family Under $2M	76	$1,113,864	$1,289,858	115.80%	25
Condominium	123	$1,307,651	$1,348,464	103.12%	40
Loft Condo	13	$1,011,615	$1,035,077	102.32%	32
Co-op	1	$2,350,000	$2,300,000	97.87%	127
TIC	18	$1,629,833	$1,643,500	100.84%	47
ALL *	283	$1,565,701	$1,642,855	104.93%	38

* 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.

February 2020 – We LOVE – San Francisco Real Estate – NEWSLETTER

Posted on: February 25, 2020

February 25, 2020

SFResidence.com

The SFResidence Real Estate Review
FEBRUARY 2020

Hello from Janis and Bethany,

The latest market statistics for last month are on our blog for the San Francisco Real Estate sales. The biggest winner continues to be single family homes UNDER $2M though all our categories we track sold (on average) OVER the asking price with the exception of co-ops. As always, this depends on the property, neighborhood and location. But we have resources that can help get you the BEST price for your home!

Rent control—friend or foe?? Now California has statewide rent control and the only properties exempt from rent control and eviction control are those built within the past 15 years and yes, that is a rolling date. So as time goes on so does the inclusion in rent control. Of course in their infinite wisdom the state has allowed local governments to have stricter rent control measures. Talk about confusing!!

Even attorneys are having a hard time figuring out what to do. If you have property in San Francisco and plan to rent it or if it is rented and you want to raise the rent or if you want to move into your own house or condo or unit in a building you would be smart to contact an attorney who specializes in San Francisco Rent Control laws. But some of the nuances in San Francisco include the fact that if you want to move into your own home you have to PAY your tenants $7,225 each up to a maximum of $21,674 plus a bonus of $4,817 if the tenants have minor children or one is over 60 years old or is disabled.

So rather than San Francisco (or California in general) encouraging developers and builders to build more housing including “affordable” housing they are making it more difficult and expensive for people to build, expand or rent their property. Not only is it risky to rent your property it has become exponentially more expensive and time consuming to expand your current home or build multi unit properties in San Francisco. When it takes years to get plans approved and you cannot depend on the rules to apply to your plans then it becomes too frustrating and expensive to try to build in San Francisco. It is way past time for San Francisco to streamline the planning and approval process for building properties and build new housing rather than making those who own property pay for their bad management for the past 40 years!!

=========================================================

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!
=========================================================

From our FAMILY and FRIENDS

Our grand niece, Scarlett is certainly making a name for herself on TV. She is getting more and more roles. We are so proud of her!

Check out her page on IMDB.

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SOLD, FEATURED and COMING SOON Compass Listings

CALL OR EMAIL FOR MORE INFORMATION

SOLD

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 for $795,000 SOLD for $808,000

PENDING

460 Filbert #3

Mid century style top floor 1 bedroom unit in a 3 unit building on Telegraph Hill. Newly converted condo with an open floor plan, great room with hardwood floors, free standing gas fireplace and sliding glass doors leading to a private deck. 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 desk area is in the hallway. There is a remodeled bath with skylight. City views can be enjoyed from the bedroom and the living room. The huge common area roof deck has expansive views of Coit Tower and the City all the way to the Golden Gate Bridge. There is one car carport parking and a storage room.

Listed for $895,000

COMING SOON

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 tanden parking, room and ½ bath down.

Listed for $1,595,000

COMING SOON

1703 Gough

Elegant Italianate Victorian on an extra wide lot with high ceilings, hardwood floors, lovely details & moldings & 3 fireplaces. Grand scale living room has a gas fireplace & adjacent office & opens to the formal dining room. The sunny, remodeled chef’s kitchen w/ breakfast area has honed granite counter tops, 6 burner gas range w/grill & stainless steel appliances. The adjacent family room has a bar & pantry & full bath. Huge French doors lead to a sheltered deck with gas fireplace & a protected garden/play area. Curved staircase with original wainscoating leads to upper level which has 4 bedrooms each with its own remodeled bath. There is a washer&dryer on this level as well as another one in the 2 car garage & a 3rd space in the driveway.

Listed for $3,695,000

PENDING

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 for $1,395,000 Buyer Represented

PENDING

2920 Buchanan #7

Location, Location, Location Plus Big Bay Views! Beautiful architect-designed top floor condo in the heart of Cow Hollow. Open floor plan with gourmet kitchen and balcony overlooking Union Street, the Marina and the Bay. Large living area with gas fireplace. The Bedroom overlooks the balcony and includes custom closets. Premium design materials throughout. Building has 9-units and is well maintained with a new roof roof deck, common laundry, deeded storage units and deeded parking. Truly A+ location. This is a special one!

Listed for $1,049,000

=========================================================

See you next month!

Janis Stone DRE# 00517072
(866) 224-8024 Bethany Patten DRE# 01361512
(415) 235-9077

Compass DRE# 01866771

“The nicest compliment you can give us is to refer
others within your circle”

Toll Free (866) 224-8024

If you are a Realtor, by opting out you will be removed from our referral network.

Compass

Top Agent Network

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February 2020 Report – San Francisco Real Estate Market Update for January 2020

Posted on: February 5, 2020

The number of homes in the Overall Sales category sold in January decreased significantly from the previous month but was more than a year ago in the San Francisco Real Estate Market.

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

January 2020 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	21	$4,848,381	$4,722,238	98.00%	42
Single Family Under $2M	68	$1,225,304	$1,326,594	108.27%	37
Condominium	106	$1,322,290	$1,318,919	99.75%	62
Loft Condo	10	$1,146,950	$1,155,850	100.78%	44
Co-op	4	$2,669,750	$2,634,875	98.69%	136
TIC	19	$1,110,632	$1,132,158	101.94%	19
ALL *	272	$1,825,082	$1,826,046	100.05%	57

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

January 2019 **

Property Type	Sold	Avg List Price	Avg Sold Price	% Sold Price vs. List Price	Avg Days on Market
Single Family $2M & Over	20	$3,207,650	$3,273,250	102.05%	44
Single Family Under $2M	75	$1,186,120	$1,255,201	105.82%	40
Condominium	83	$1,134,052	$1,142,073	100.71%	53
Loft Condo	8	$1,276,750	$1,238,602	97.01%	70
Co-op	3	$2,323,333	$2,208,333	95.05%	170
TIC	16	$1,122,806	$1,133,656	100.97%	47
ALL *	233	$1,532,125	$1,552,465	101.33%	53

* 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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