August 2020 San Francisco Market Update

Average sale price for a Single Family Home in San Francisco in July 2020 was $2,109,096 vs June of 2020 - $2,293,960 . Average selling PRICE per SQFT $1,029.81.
Avg Days on Market 27

Average sale price for a Single Family Home in San Francisco in July 2019 was $1,967,250...

Average for Single Family House being Sold in San Francisco in July
Listing Price $2,031,981
Listing Price Per Sq. Ft. $975.89

Selling Price $2,109,096
Selling Price Per Sq. Ft. $1,029.81

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in July 2020 was $1,382,926 vs June of 2020 - $1,407,262 . Average selling PRICE per SQFT $1,113.31 (In June was - $1,114.89). Avg Days on Market 35

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in July 2019 was $1,325,499

Average sale price for 2-4 Units in San Francisco in July 2020 was $2,561,176 vs June of 2020 - $2,119,235 Average selling PRICE per SQFT $752.50 Avg Days on Market 47.

Average sale price for 2-4 Units in San Francisco in July 2019 was $2,349,615.

Average sale price for 5+ units in San Francisco in July 2020 was $3,011,396 vs June of 2020 - $5,636,667. Average selling PRICE per SQFT $575.35 (In June was - $612.05). Avg Days on Market 89.

Average sale price for 5+ units in San Francisco in July 2019 was $5,233,632.

Inventory of properties for sale in San Francisco as of August 1st, 2020 = 1616
(vs 1298 one month before)
Single-Family Homes 360
Condo/Coop/TIC/Loft 1041
2-4 Units 160
5+ Units 55

Total 1616

Inventory of properties for sale in San Francisco as of August 4, 2019 = 722

There are 389 properties PENDING in San Francisco as of August 1, 2020

All the properties Sold in San Francisco in July 2020 - 455

SOLD in July 2020
Single-Family Homes 194
Condo/Coop/TIC/Loft 238
2-4 Units 17
5+ Units 6

Total 455

All the properties Sold in San Francisco in June 2020 - 353.

All the properties Sold in San Francisco in July 2019 - 509
All the properties Sold in San Francisco in July 2018 - 488.

There is currently ABOUT 3.5 months worth of inventory, meaning if there was not another home listed, it would take just 4 months 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.

Overall inventory in San Francisco 3.5 month
Single Family Homes inventory is almost 2 month
Condo/Coop/TIC/Loft inventory is almost 4.5 month

From 194 Single Family Houses being sold in San Francisco in July 2020
53 SOLD BELOW asking price
15 SOLD for asking price
126 SOLD ABOVE asking price

18 for over $200,000,
12 for over $300,000,
5 for over $400,000,
2 for over $500,000,
1 for over $600,000,
1 for over $1,550,000,

11 Single Family Houses sold under $1,000,000;
109 from $1,000,000 to $2,000,000;
46 from $2,000,000 to $3,000,000;
13 from $3,000,000 to $4,000,000;
9 from $4,000,000 to $5,000,000,
1 from $5,000,000 to $6,000,000,
1 from $6,000,000 to $7,000,000,
3 from $7,000,000 to $8,000,000,
1 sold for $10,500,000.

Valeriy Krysov
Real Estate Broker
CalBRE Lic 01847176
? 415-385-8949
?? ValKrysov@RealtyFinancial.com
RealtyFinancial.com

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