State of the Market - San Francisco September 2020

Average sale price for a Single Family Home in San Francisco in August 2020 was $2,069,832 vs July of 2020 - $2,109,096 . Average selling PRICE per SQFT $1,031.73. 

Avg Days on Market 24

Average sale price for a Single Family Home in San Francisco in August 2019 was $1,840,343…


Average Sale Price for Single Family Houses in San Francisco for 2020 by ZIP code



Average for Single Family House being Sold in San Francisco in August 

Listing Price$1,986,828

Listing Price Per Sq. Ft.$969.56

Selling Price$2,069,832

Selling Price Per Sq. Ft.$1,031.73


Average Sale Price for Single Family Houses in San Francisco from 2005 to 2020


Average sale price for the Condo/Coop/TIC/Loft in San Francisco in August  2020 was $1,355,906 vs July of 2020 - $1,382,926 . Average selling PRICE per SQFT $1,089.88. Avg Days on Market 40

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in August 2019 was  $1,398,687


Average sale price for 2-4 Units in San Francisco in August 2020 was $2,009,980 vs July of 2020 - $2,561,176  Average selling PRICE per SQFT $752.50 Avg Days on Market 33. 


Average sale price for 2-4 Units in San Francisco in August 2019 was  $2,143,054.



Average sale price for 5+ units in San Francisco in August 2020 was 3,354.142 vs July of 2020 - $3,011,396. Avg Days on Market 74

.

Average sale price for 5+ units in San Francisco in August 2019 was $3,512,636.





Inventory of properties for sale in San Francisco as of September 1st, 2020  = 1727

(vs 1298 one month before) 

Single-Family Homes    360

Condo/Coop/TIC/Loft   1125

2-4 Units    178

5+ Units      64


Total   1727



Inventory of properties for sale in San Francisco as of September 4, 2019 = 719


There are 420 properties PENDING in San Francisco as of September 1, 2020


All the properties Sold in San Francisco in August 2020      -  463


SOLD in August 2020

Single-Family Homes205

Condo/Coop/TIC/Loft226

2-4 Units             25

5+ Units               7


Total           463


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


All the properties Sold in San Francisco in August 2019  - 406

.


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 3.75 month



From 205 Single Family Houses being sold in San Francisco in August 2020

58 SOLD BELOW asking price

12 SOLD for asking price

135 SOLD ABOVE asking price



29 for over $200,000,

15 for over $300,000,

9 for over $400,000,

1 for over $500,000.


12 Single Family Houses sold under $1,000,000;

121 from $1,000,000 to $2,000,000;

44 from $2,000,000 to $3,000,000;

12 from $3,000,000 to $4,000,000;

10 from $4,000,000 to $5,000,000,

3 from $5,000,000 to $6,000,000,

1 from $7,000,000 to $8,000,000,

1 from $8,000,000 to $9,000,000,

1 sold for $11,300,000.


How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in August of 2020 in San Francisco...


One out of 205 Single Family sold one month ago...


One out of 136 Single Family Houses sold OVER asking Price in San Francisco in July.


So what is so special about that exact house @ 2418 38th Avenue San Francisco CA 94116


Outer Parkside home featuring 3 bedrooms, 2 baths (including master suite), light-filled west facing living room with fireplace, dining room, kitchen with eat-in booth, and rear deck off the two back bedrooms all on the top floor! This home offers full garage for two car tandem parking, workshop in the far back, and plenty of room for storage or future expansion. Beautiful newly refinished hardwood floors throughout and newly painted interiro! It's in a very ideally location just half block to MUNI lines, Sunset Boulevard public transit, Taraval Street shops and restaurants, San Francisco Zoo, Lakeshore Shopping Center, Pine Lake, Lake Merced, and Ocean Beach!


3  bed

2 bath

1945 built

1425 sqft

2996 sqft Lot Size


Listed 7/16/2020

Sold 8/28/2020

List price - $1,095,000

Sold Price - $1,605,000

Difference- $510,000