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MAY 2020 Report – San Francisco Real Estate Market Update for April 2020


The number of homes in the Overall Sales category sold in April decreased significantly from the previous month as well as a year ago in the San Francisco Real Estate Market. The COVID-19 pandemic lock down during April has had a lot to do with this drastic reduction in numbers.

Even so, the average sale price versus list price is more than the previous month as well as a year ago indicating prices are continue to creep up. 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 the same as the previous month but were far less 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 more almost 10% over the asking price. The number of homes decreased drastically from last month and were far less than a year ago. For the first time in a long time even Single Family Homes OVER $2M were affected as the average sales price dipped under the average list price for the first time in a very long time. Since this was the first full month with the COVID-19 restrictions it is interesting to see the numbers continuing to be strong.

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.

April 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 39 $4,210,846 $3,980,627 94.53% 23
Single Family Under $2M 63 $1,207,422 $1,334,651 110.54% 21
Condominium 95 $1,339,358 $1,395,232 104.17% 31
Loft Condo 6 $1,148,333 $1,215,000 105.81% 15
Co-op 2 $2,474,000 $2,750,000 111.16% 16
TIC 8 $1,170,249 $1,185,375 101.29% 59
ALL * 233 $1,929,032 $1,950,283 101.10% 28

March 2020 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 56 $3,140,964 $3,301,018 105.10% 18
Single Family Under $2M 101 $1,210,451 $1,375,082 113.60% 22
Condominium 181 $1,323,352 $1,375,082 103.91% 27
Loft Condo 15 $1,466,093 $1,491,167 101.71% 22
Co-op 1 $1,195,000 $1,200,000 100.42% 63
TIC 19 $1,313,053 $1,341,105 102.14% 36
ALL * 412 $1,665,567 $1,770,754 106.32% 28

April 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 70 $3,964,047 $4,135,713 104.33% 28
Single Family Under $2M 146 $1,215,129 $1,368,076 112.59% 24
Condominium 256 $1,335,970 $1,397,209 104.58% 36
Loft Condo 18 $1,042,100 $1,103,323 105.87% 36
Co-op 2 $1,374,000 $1,349,000 96.16% 117
TIC 28 $1,149,679 $1,176,073 102.30% 47
ALL * 565 $1,649,742 $1,786,541 108.29% 34

March 2019 **

* 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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