San Francisco Housing Update June 2018

There are currently 756 active homes for sale here in the San Francisco as of June 1st vs 682 the month before…
That is 11% increase in inventory comparing to the last month
(very much in line with June 2017 figures – 814 properties for sale on June 3rd 2017).
In the month of May there were a total of 547 home sales vs 494 the month before (Sold in May 2017 – 502).

The average sales price for May of 2018 was $1,761,604 (in April was $1,805,562).
The average sales price for May of 2018 was $1,761,604 (in May of 2017 was $1,640,678).
The average sales price for May of 2018 was about 11% MORE that the listing price.

Average days on market in San Francisco was 26 for the month of May (25 days for the month of April).

Average property SOLD in SF in May of 2018
Bedrooms 2
Bathrooms 1.71
Square Feet 1,811
List Price $1,592,803
Selling Price $1,761,604
DOM 26

Average sale price for Single Family House in San Francisco in May of 2018 – $1,979,180 (in April was $2,289,574).
Average sale price for CondoCoopTICLoft in San Francisco in May of 2018 – $1,392,267 (in April was $1,341,736).
Average sale price for 2-4 Units in San Francisco in May of 2018 – $2,484,451 (in April was $2,290,385).
Average sale price for 5+ units in San Francisco in May of 2018 – $3,965,889 (in April was $3,729,091).

Inventory as of today – June 1st – 756 properties for sale in San Francisco.
Single-Family Homes 209
CondoCoopTICLoft 400
2-4 Units 108
5+ units 39
total – 756.

The market has remained steady for some time now and continues to be a Sellers market…
There is currently about 1.4 month worth of inventory, meaning if there was not another home listed, it would take about ONE and HALF month 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 May 2018 547
Sold in April 2018 494
Sold in March 2018 491
Sold in February 2018 310
Sold in January 2018 248
Sold in December 2017 392
Sold in November 2017 547
Sold in October 2017 538
Sold in September 2017 378
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

2018
All properties for sale in SF on June 1st 2018 – 754
All properties for sale in SF on May 1st 2018 – 682
All properties for sale in SF on April 1st 2018 – 599
All properties for sale in SF on March 1st 2018 – 590
All properties for sale in SF on February 1st 2018 – 507
All properties for sale in SF on January 1st 2018 – 251

2017
All properties for sale in SF on January 3rd 2017 – 320
All properties for sale in SF on February 5th 2017 – 561
All properties for sale in SF on March 5th 2017 – 650
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
All properties for sale in SF on October 3rd 2017 – 895
All properties for sale in SF on November 1st 2017 – 819
All properties for sale in SF on December 4th 2017 – 623
All properties for sale in SF on January 1st 2017 – 251

Out of 215 Single Family Houses sold in San Francisco in May of 2018, –
20 sold below asking price,
13 – for asking price
and 183 sold for over asking price.

40 for over $300,000,
27 for over $400,000,
14 for over $500,000,
9 for over than $600,000,
4 for over than $700,000,
2 for over than $800,000,
2 for over than $1,500,000

2219 Scott St, San Francisco CA 94115
List price Sold Price Diff Address Beds Bath Age SqFt
$7,995,000 $9,600,000 $1,605,000 2219 Scott St 5 5.5 1910 6350

Reminder: As you know that I am in real estate sales and my passion is to bring buyers/sellers together.
Who have you talked to in past couple days that might be thinking about buying/selling in San Francisco and/or in Silicon Valley or anywhere in the US/Canada (I am blessed to be a part of a huge network that I meet/talk-to on regular basis which is the backbone of my business that my clients benefit from).
#SFCityRealtor

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