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July 2019 Report – San Francisco Real Estate Market Update for June 2019


The number of homes in the Overall Sales category sold in JUNE decreased significantly from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was slightly higher than last month but significantly higher 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 was about the same as the previous month but slightly more 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 almost 17% over the asking price, more than the previous month but less than a year ago (at over 21%) . In fact in all the categories we track the average sales price was over 100% of sales price except Co-ops. All in all, the San Francisco market continues to hum along! It’s looking like we are in store for a great summer market.

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.

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

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

June 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 75 $2,763,157 $3,082,320 111.55% 20
Single Family Under $2M 149 $1,126,108 $1,363,752 121.10% 17
Condominium 225 $1,261,034 $1,346,119 106.75% 28
Loft Condo 17 $1,078,694 $1,141,106 105.79% 20
Co-op 8 $2,664,875 $2,642,250 99.15% 43
TIC 23 $1,014,087 $1,126,848 111.12% 20
ALL * 551 $1,575,143 $1,738,301 110.36% 25

* 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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