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OCTOBER 2020 Report – San Francisco Real Estate Market Update for September 2020
The number of homes in the Overall Sales category sold in SEPTEMBER decreased significantly from the previous month but were more than a year ago in the San Francisco Real Estate Market. However, the average sale prices versus list price is lower from the previous 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. Days on the market were about the same as the previous month as well as a year ago.
What do these numbers mean? we’re starting to sound like a broken record, but as you can see, single family homes UNDER $2M (on average) continue to be the best performer. The average increase was almost 8% over the asking price, slightly less than the previous month and below a year ago. For the first time in a long time we have 3 categories that sold, on average, under the asking price. These were all in the generalized CONDO categories which tells us that buyers are most likely able to negotiate a better price with the seller.
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.
September 2020 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 85 | $2,874,235 | $2,936,531 | 102.17% | 26 |
| Single Family Under $2M | 152 | $1,275,053 | $1,376,480 | 107.95% | 24 |
| Condominium | 256 | $1,325,978 | $1,324,443 | 99.88% | 41 |
| Loft Condo | 15 | $1,156,767 | $1,133,300 | 97.97% | 47 |
| Co-op | 7 | $2,832,143 | $2,791,857 | 98.58% | 96 |
| TIC | 33 | $1,187,301 | $1,204,342 | 101.35% | 50 |
| ALL * | 576 | $1,579,463 | $1,613,141 | 102.13% | 36 |
August 2020 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 306 | $3,285,850 | $3,287,219 | 100.04% | 33 |
| Single Family Under $2M | 544 | $1,299,200 | $1,413,790 | 108.82% | 23 |
| Condominium | 831 | $1,357,862 | $1,358,441 | 100.04% | 42 |
| Loft Condo | 56 | $1,299,071 | $1,266,232 | 97.47% | 55 |
| Co-op | 19 | $1,131,842 | $1,098,632 | 97.93% | 62 |
| TIC | 102 | $1,133,412 | $1,134,914 | 100.13% | 35 |
| ALL * | 2031 | $1,702,989 | $1,730,571 | 101.62% | 36 |
September 2019 **
| Property Type |
Sold
|
Avg List Price |
Avg Sold Price
|
% Sold Price vs. List Price
|
Avg Days on Market
|
| Single Family $2M & Over | 38 | $3,495,762 | $3,714,976 | 106.27% | 33 |
| Single Family Under $2M | 84 | $1,205,345 | $1,357,295 | 112.61% | 26 |
| Condominium | 157 | $1,416,787 | $1,472,054 | 103.90% | 33 |
| Loft Condo | 7 | $1,084,929 | $1,158,643 | 106.79% | 29 |
| Co-op | 4 | $1,298,500 | $1,345,000 | 103.58% | 95 |
| TIC | 17 | $1,342,882 | $1,413,765 | 105.28% | 42 |
| ALL * | 354 | $1,770,391 | $1,862,813 | 105.22% | 34 |
* 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.
