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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.
