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December 2019 Report – San Francisco Real Estate Market Update for November 2019


The number of homes in the Overall Sales category sold in NOVEMBER decreased slightly from the previous month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price is less than the previous month but a little more than a year ago. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. Days on the market inched up slightly from the previous month but were a little less than a year ago.

What do these current numbers all mean? Single family homes UNDER $2M (on average) continue to be the best performer. Though the numbers are not quite so drastic, the average increase was still more than 12% over the asking price, less than the previous month but slightly more than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of co-ops which tend to always do their own thing. All in all, the San Francisco market seems to be slowing down for the holidays. WHAT WE NEED IS INVENTORY!

So if you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 or Bethany Patten at 415-235-9077 TODAY!

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

November 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 54 $3,383,750 $3,490,897 103.17% 26
Single Family Under $2M 142 $1,271,804 $1,430,893 112.51% 23
Condominium 221 $1,273,757 $1,330,814 104.48% 33
Loft Condo 11 $1,184,727 $1,246,877 105.25% 27
Co-op 5 $1,866,000 $1,853,500 99.33% 49
TIC 25 $1,232,400 $1,292,560 104.88% 35
ALL * 493 $1,603,959 $1,691,512 105.46% 31

October 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 90 $2,693,033 $2,912,371 108.14% 19
Single Family Under $2M 159 $1,183,302 $1,355,385 114.54% 23
Condominium 216 $1,408,617 $1,485,569 105.46% 26
Loft Condo 18 $1,111,767 $1,146,767 103.15% 36
Co-op 6 $1,790,833 $1,816,333 101.42% 60
TIC 17 $1,155,583 $1,182,671 102.32% 42
ALL * 557 $1,677,802 $1,798,123 107.17% 28

November 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 53 $3,442,790 $3,516,617 102.14% 27
Single Family Under $2M 152 $1,156,002 $1,297,757 112.26% 25
Condominium 210 $1,234,874 $1,278,204 103.51% 36
Loft Condo 10 $1,259,280 $1,270,106 100.86% 38
Co-op 4 $1,153,500 $1,141,250 98.94% 21
TIC 17 $1,292,765 $1,347,765 104.25% 46
ALL * 506 $1,592,733 $1,664,090 104.48% 33

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units. (If you add all categories, 5+ units accounts for the extra numbers.)** Figures subject to change as Multiple Listing Service is updated.+ Formerly, condominium statistics
included condos, co-op, lofts and TICs.Realtor.com is the official site of the National
Association of Realtors® (NAR) and is a search engine for real
estate nationwide. Realtor.com
has all of San Francisco’s listed homes and condominiums.






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