State of the Market - San Francisco October 2020

With inventory all time high - 180% YOY - @ 2013 properties for sale in San Francisco (as of today - October 5th 2020) - the average sale price for Single family home in San Francisco by ZIP code is starting to crack.


Real Estate Sales In San Francisco MoM are at 121%.

Real Estate Sales In San Francisco YoY are at 159%.


Average sale price for a Single Family Home in San Francisco in September 2020 was $1,954,300 vs August of 2020 - $2,069,832 . Average selling PRICE per SQFT $1,007.46. 

Avg Days on Market 24


Average sale price for a Single Family Home in San Francisco in September 2019 was $2,091,655…



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 September 

Listing Price$1,862,873

Listing Price Per Sq. Ft.$950.92


Selling Price$1,954,300

Selling Price Per Sq. Ft.$1,007.46


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 September  2020 was $1,337,249 vs August of 2020 - $1,355,906 . Average selling PRICE per SQFT $1,059.44. Avg Days on Market 44

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in September 2019 was  $1,452,092


Average sale price for 2-4 Units in San Francisco in September 2020 was $1,877,217vs August of 2020 - $2,009,980   Average selling PRICE per SQFT $691.46 Avg Days on Market 32. 


Average sale price for 2-4 Units in San Francisco in September 2019 was  $2,117,494.



Average sale price for 5+ units in San Francisco in September 2020 was $2,364,000 vs August of 2020 - 3,354.142. Avg Days on Market 38

.

Average sale price for 5+ units in San Francisco in September 2019 was $5,125,375.





Inventory of properties for sale in San Francisco as of October 5th, 2020  = 2103

(vs 1727one month before) 

Single-Family Homes     438

Condo/Coop/TIC/Loft   1389

2-4 Units     202

5+ Units      74


Total   2103



Inventory of properties for sale in San Francisco as of October 5th, 2019 = 1174


There are 499 properties PENDING in San Francisco as of October 5th, 2020


All the properties Sold in San Francisco in September 2020      -  562


SOLD in September 2020

Single-Family Homes228

Condo/Coop/TIC/Loft306

2-4 Units             23

5+ Units               5


Total           562


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


All the properties Sold in San Francisco in September 2019  - 354

.


There is currently ABOUT 4 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 228 Single Family Houses being sold in San Francisco in September 2020

61 SOLD BELOW asking price

17 SOLD for asking price

150 SOLD ABOVE asking price



25 SOLD for over $200,000,

13 SOLD for over $300,000,

7 SOLD for over $400,000,

7 SOLD for over $500,000,

2 SOLD for over $700,000.


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

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

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

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

6 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,

2 from $7,000,000 to $8,000,000.




How crazy is your Real Estate Market?


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


One out of 228 Single Family sold one month ago...


One out of 150 Single Family Houses sold OVER asking Price in San Francisco in September.



So what is so special about that exact house @ 110 Liberty St San Francisco CA 94110


Property Overview - One of a kind reno'd Liberty Hill Vic view home w resort style backyard, bonus spaces and a 98 WalkScore! Spacious LR w bay windows. Pro KIT w marble counters, ample work and storage spaces. Skylit breakfast rm w custom built-in seating. Kit opens to a large, sun drenched Ipe deck. Spacious formal DR w marble w/b fireplace - ideal for entertaining. Sleek powder rm. Upstairs 2 spacious BDRs, and 2 remodeled full BAs. The primary BDR w downtown vus and a luxe, reno'd, skylit en suite bath. Expansive 2850 ft lot w pro designed, resort style, multi-tiered backyard. Insulated and wired modern shed/office at rear of yard. Bonus garden lvl spaces: guest BD/BA, a large studio/home office, and an extra-large workshop/media rm. Owned solar panels, network wiring between flrs, and super fast Internet access. Prime location - walk to world class restaurants, parks, shops, BART, MUNI, and tech shuttles. Mins to 280/101. Garage bid available and easy permit st pkg. This home is truly a rare find!




2  bed

2,5 bath

1882 sqft

2850 sqft Lot Size


Listed 7/16/2020

Sold 9/25/2020

List price - $2,195,000

Sold Price - $2,974,800

Difference- $774,800


Valeriy Krysov

Real Estate Broker

CalBRE Lic 01847176

? 415-385-8949

?? ValKrysov@RealtyFinancial.com

? RealtyFinancial.com

#SFCityRealtor #SanFrancisco #RealEstate #Peninsula #BayArea #SiliconValley #Realtor