State of the Market – San Francisco and Peninsula January 2019

There are currently 477 active homes for sale in San Francisco as of January 8, 2019 vs 915 active homes the month prior.

Compared to the same period last year (2018), there were only 251 active homes which equals to 90% increase in inventory year over year.

In the month of December there were a total of 380 home sales vs 503 the month before. Sold in December 2017 – 392.

The average days on the market in San Francisco was 42 days for the month of December 2018 vs 33 days one month before.

Average sale price for a Single Family Home in San Francisco in December of 2018 was $1,796,156 compared to November of 2018 – $1,871,413.

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in December of 2018 was $1,339,998 compared to November of 2018 – $1,280,502.

Average sale price for 2-4 Units in San Francisco in December of 2018 was $1,972,167 compared to November of 2018 – $2,054,807.

Average sale price for 5+ units in San Francisco in December of 2018 was $4,008,571 compared to November of 2018 – $4,031,429.


Inventory of properties for sale in San Francisco as of January 8, 2019 = 477 Single-Family Homes = 104

Condo/Coop/TIC/Loft = 261

2-4 Units = 75

5+ units = 37


Out of 157 Single Family Houses sold in San Francisco in December of 2018, 38 sold below asking price,

12 for asking price and

107 sold for over asking price.

25 for over $300,000,

4 for over $400,000,

1 for over $500,000.


Example property sold over asking.

235 London St San Francisco CA 9411210 – Excelsior 4 bed 5 bath 2509 sqft 1922 built 2495 Lot Size

List price – $1,099,950

Sold Price – $1,680,000

Difference- $580,050


January 2019 Peninsula/Silicon Valley Market Update
In Menlo Park, CA – AVERAGE DAYS ON MARKET for Single Family Houses in December was 18 days vs 31 days one month prior with the average sale price $2,587,375.00 (in November was $2,988,398.00). Price Received was the same as an asking price.

In Foster City, CA – AVERAGE DAYS ON MARKET for Single Family Houses in December was 24 days with the average sale price $1,693,500.00 (in November was $1,538,625.00). Price Received was 3% LESS then an asking price.

In Belmont, CA – AVERAGE DAYS ON MARKET for Single Family Houses in December was only 26 days with the average sale price $1,860,545.00 (in November was $1,827,875.00). Price Received was 2% MORE than asking price.

In San Carlos, CA – AVERAGE DAYS ON MARKET for Single Family Houses in December was only 31 days with the average sale price $1,898,368.00 (in November was $1,938,684.00). Price Received was 3% MORE than asking price.

In San Mateo, CA – AVERAGE DAYS ON MARKET for Single Family Houses in December was only 26 days with the average sale price $1,561,556.00 (in November was $1,744,359.00). Price Received was 2% MORE than asking price.

In Burlingame, CA – AVERAGE DAYS ON MARKET for Single Family Houses in December was 31 days with the average sale price $2,377,647.00. (in November was $2,537,578.00). Price Received was 4% MORE than asking price.


As you are aware, the market has remained steady for some time now and continues to be a Sellers market. There is currently about 1.2 month worth of inventory, meaning if there was not another home listed, it would take about just about ONE month for all the current homes on the market to sell. Once we reach 6 months of inventory, the market will turn to a Buyer market.

If you were thinking of selling your home in the near future, now is the time to do so to get the top dollar for your home before the market has a chance to turn.If you have any questions or require any assistance please feel free to contact me at 415-385-8949 or email me at valkrysov@realtyfinancial.com.

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).

Leave a Reply

Your email address will not be published. Required fields are marked *