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JULY 2020 Report – San Francisco Real Estate Market Update for June 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.

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.

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

* 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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