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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.






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