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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.






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