State of the Market – San Francisco July 2019

Average sale price for a Single Family Home in San Francisco in June 2019 was $2,190,236 vs May of 2019 – $2,147,560.

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in June 2019 was $3,705,195 vs May of 2019 – $1,340,145.

Average sale price for 2-4 Units in San Francisco in June 2019 was  $2,179,046 vs May of 2019 – $2,334,752.

Average sale price for 5+ units in San Francisco in June 2019 was $4,813,986 vs May of 2019 –  $5,168,056.

There are currently 731 active homes for sale in San Francisco as of July 5, 2019 vs 867  active homes the month prior.

All the properties Sold in June 2019  – 483

All the properties Sold in June 2018 –  525.

Inventory of properties for sale in San Francisco as of June 8, 2019 = 731

Single-Family Homes = 197

Condo/Coop/TIC/Loft = 383

2-4 Units =                     100

5+ units =                        51

There is currently 1.5 month worth of inventory, meaning if there was not another home listed, it would take just about 1.5 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.

Out of 178 Single Family Houses sold in San Francisco in June of 2019, 

22 sold below asking price, 

8 for asking price and

158 sold for over asking price.

7 for over $500,000,

9 for over $600,000,

2 for over $700,000,

1 for over $800,000,

1 for $900,000 over asking price

Example property sold over asking.

1493 Masonic Ave San Francisco CA 94117

5 – Buena Vista/Ashbury

5 bed

3.5 bath

3915 sqft

1900 built

3197 Lot Size

List price – $3,850,000

Sold Price – $4,750,000

Difference-  $900,000

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