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September 2019 Report – San Francisco Real Estate Market Update for August 2019


The number of homes in the Overall Sales category sold in AUGUST decreased dramatically from last month as well as a year ago in the San Francisco Real Estate Market. The average sale prices versus list price was lower than last month but higher than 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 remained the same from the previous month but slightly higher 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 than 16% over the asking price, slightly less than the previous month but slightly more than a year ago. In fact in all the categories we track the average sales price was over 100% of sales price with the exception of co-ops which tend to always do their own thing. All in all, the San Francisco market continues to be pretty good, but WHAT WE NEED IS INVENTORY! The numbers are off only because there is very little to sell .

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.

August 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 50 $2,648,158 $2,823,795 106.63% 27
Single Family Under $2M 110 $1,192,677 $1,385,686 116.18% 25
Condominium 163 $1,370,038 $1,440,066 105.11% 32
Loft Condo 7 $801,573 $842,716 105.13% 41
Co-op 3 $1,278,000 $1,257,000 98.36% 59
TIC 13 $1,193,482 $1,253,577 105.04% 30
ALL * 393 $1,596,713 $1,708,001 106.97% 31

July 2019 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 62 $3,117,904 $3,356,337 107.65% 25
Single Family Under $2M 141 $1,178,194 $1,374,543 116.66% 22
Condominium 197 $1,255,698 $1,341,074 106.84% 31
Loft Condo 14 $1,098,500 $1,173,214 106.80% 17
Co-op 4 $1,749,750 $1,770,000 101.16% 59
TIC 17 $1,078,588 $1,165,824 108.09% 48
ALL * 505 $1,712,511 $1,840,075 107.45% 31

August 2018 **

Property Type
Sold
Avg List Price
Avg Sold Price
% Sold Price vs. List Price
Avg Days on Market
Single Family $2M & Over 52 $2,866,808 $3,022,939 105.45% 23
Single Family Under $2M 123 $1,183,248 $1,377,008 116.38% 22
Condominium 180 $1,289,999 $1,356,161 105.13% 31
Loft Condo 17 $1,104,851 $1,146,479 103.77% 30
Co-op 2 $1,269,500 $1,264,000 99.57% 96
TIC 20 $1,372,750 $1,442,069 105.05% 39
ALL * 435 $1,583,942 $1,691,283 106.78% 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 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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