Facebook Feeds

Blog

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

Posted on: December 5, 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

Posted on: December 5, 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

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.

* 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

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.

1 2 3 … 456 »

Additional Links

Facebook Feeds

Blog