State of the Market – San Francisco September 2019

Average sale price for a Single Family Home in San Francisco in August 2019 was $1,840,343 vs July of 2019 – $1,967,250. Average selling PRICE per SQFT $1,004.24. Avg Days on Market 25.34.

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in August 2019 was $1,398,687 vs July of 2019 – $1,325,499. Average selling PRICE per SQFT $1,157.09.Avg Days on Market 33.10.

Average sale price for 2-4 Units in San Francisco in August 2019 was $2,143,054 vs July of 2019 – $2,349,615. Average selling PRICE per SQFT $741.12. Avg Days on Market 34.27.

Average sale price for 5+ units in San Francisco in August 2019 was $3,512,636 vs July of 2019 – $5,233,632. Average selling PRICE per SQFT $553,98. Avg Days on Market 63.91.

There are currently 719 active homes for sale in San Francisco as of September 5, 2019 vs 722 active homes the month prior.

All the properties Sold in August 2019 – 406

All the properties Sold in July 2019 – 509

All the properties Sold in July 2018 – 488.

Inventory of properties for sale in San Francisco as of September 5, 2019 = 719

Single-Family Homes = 210

Condo/Coop/TIC/Loft = 383

2-4 Units = 94

5+ units = 32

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 164 Single Family Houses sold in San Francisco in August of 2019,

18 sold below asking price,

11 for asking price and

135 sold for over asking price.

4 for over $500,000,

3 for over $600,000,

2 for over $700,000,

Example property sold over asking.

325 Dorantes Ave San Francisco CA 94116

4 – Forest Hill

3 bed

3.5 bath

1771 sqft

1926 built

3700 sqft Lot Size

List price – $1,575,000

Sold Price – $2,350,000

Difference- $775,000

4264 22nd St San Francisco CA 94114

5 – Noe Valley

3 bed

2.75 batt

1907 built

List price – $1,995,000

Sold Price – $2,775,000

Difference- $780,000

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