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MARCH 2020 Report – San Francisco Real Estate Market Update for February 2020


The number of homes in the Overall Sales category sold in January decreased significantly from the previous month but was more than a year ago in the San Francisco Real Estate Market.

The average sale price versus list price is more than the previous month as well as a year ago indicating prices are still creeping up. 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 more than the previous 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. Though the numbers are not quite as good as history shows, the average increase was still more than 8% over the asking price. The number of homes decreased from last month but were about the same as a year ago indicates that sales for the month were most affected by the time of year. We typically have a slow down around the end of the year and then start to pick up in the spring. We shall see. The most interesting fact about this month’s numbers was that the average sales price in three categories we track were less than the asking price (less than 100%). This could indicate a market slow down, however, we will see what happens starting in March.  All in all, the San Francisco market seems to be slowing down. It either indicates we are in for a more normal market or… buyers are becoming more realistic about what the properties are worth. Stay tuned!

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.

February 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 38 $2,804,260 $2,930,315 104.50% 24
Single Family Under $2M 73 $1,199,129 $1,365,790 113.90% 25
Condominium 135 $1,326,582 $1,399,225 105.48% 28
Loft Condo 9 $1,087,556 $1,130,924 103.98% 28
Co-op 1 $2,220,000 $2,200,000 99.10% 14
TIC 19 $1,375,816 $1,397,895 100.88% 45
ALL * 306 $1,616,577 $1,699,026 105.10% 31

January 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 21 $4,848,381 $4,722,238 98.00% 42
Single Family Under $2M 68 $1,225,304 $1,326,594 108.27% 37
Condominium 106 $1,322,290 $1,318,919 99.75% 62
Loft Condo 10 $1,146,950 $1,155,850 100.78% 44
Co-op 4 $2,669,750 $2,634,875 98.69% 136
TIC 19 $1,110,632 $1,132,158 101.94% 19
ALL * 272 $1,825,082 $1,826,046 100.05% 57

February 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 32 $3,248,313 $3,318,656 102.17% 38
Single Family Under $2M 76 $1,113,864 $1,289,858 115.80% 25
Condominium 123 $1,307,651 $1,348,464 103.12% 40
Loft Condo 13 $1,011,615 $1,035,077 102.32% 32
Co-op 1 $2,350,000 $2,300,000 97.87% 127
TIC 18 $1,629,833 $1,643,500 100.84% 47
ALL * 283 $1,565,701 $1,642,855 104.93% 38

* 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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