September 2017 San Francisco Metro Housing Update

There are currently 614 active homes for sale here in the San Francisco (as of September 5th) vs 667 the month before... 

In the month of August there were a total of 440 home sales vs 467 the month before. 


The average sales price for August of 2017 was $1,560,864 (in July was $1,600,943). 

The average sales price for August of 2017 was $1,560,864 (in August of 2016 was $1,488,804).


Average days on market in San Francisco was 34 for the month of August (32 days for the month of July).


Average sale price for Single Family House in San Francisco in August of 2017 -      $1,581,500 (in July was $1,776,385).

Average sale price for CondoCoopTICLoft in San Francisco in August of 2017 -         $1,278,145 (in July was $1,259,622).

Average sale price for 2-4 Units in San Francisco in August of 2017 -                $1,808,292 (in July was $2,126,948).

Average sale price for 5+ units in San Francisco in August of 2017 -                 $5,029,833 (in July was $3,350,778).


Inventory as of today - September, 5th - 614 properties for sale in San Francisco.

Single-Family Homes     149

CondoCoopTICLoft        344

2-4 Units                            87

5+ units                              34

total -                                 614.


The market has remained steady for some time now and continues to be a Sellers market... 

There is currently about 1.5 month worth of inventory, meaning if there was not another home listed, it would take about one month and half for all the current homes on the market to sell...

6 months of inventory is when it becomes a buyers market.... 

If you are thinking of selling anytime in the near future, now is the time to do so... 

the good news for Home Sellers is there is a lot of demand for homes and now is a great time to sell if you are looking to get top dollar... 

For Buyers, yes there are less homes available to sell, however interest rates are as low as we have ever seen so you are able to get more house for your money currently than you have been able to in the past and probably than we will be able to in the future... 

I will continue to keep you updated and if you need anything please feel free to call or text me at 415-385-8949 or email me at .... anytime


Sold in San Francisco

Sold in August 2017        440

Sold in July 2017             467

Sold in June 2017            562

Sold in May 2017             502

Sold in April 2017            452

Sold in March 2017         485

Sold in February 2017     287

Sold in January 2017       271


Sold in December 2016      442

Sold in November 2016      490

Sold in October 2016           646

Sold in September 2016     390

Sold in August 2016            459

Sold in July 2016                 454

Sold in June 2016                513

Sold in May 2016                 491

Sold in April 2016                455

Sold in March 2016             418

Sold in February 2016         283

Sold in January 2016           288


2016

All properties for sale in SF on April 5th 2016 -     717

All properties for sale in SF on May 5th 2016 -       839

All properties for sale in SF on June 4th 2016 -      888

All properties for sale in SF on July 1st 2016  -     853

All properties for sale in SF on August 1st 2016 -    827

All properties for sale in SF on September 2nd 2016 - 678


The average sales price for August of 2016 was $1,488,804


2017

All properties for sale in SF on April 5th 2017 -     733

All properties for sale in SF on May 5th 2017 -       792

All properties for sale in SF on June 3rd 2017 -      814

All properties for sale in SF on July 5th 2017 -      652

All properties for sale in SF on August 3rd 2017 -    667

All properties for sale in SF on September 5st 2017 - 614


The average sales price for August of 2017 was $1,560,864 (in July was $1,600,943).



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