With inventory all time high - 186% YOY - (@ 2045 properties for sale in San Francisco as of November 7th 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 109%.
Real Estate Sales In San Francisco YoY are at 112%.
Average sale price for a Single Family Home in San Francisco in October 2020 was $1,935,000 vs September of 2020 - $1,954,300 . Average selling PRICE per SQFT $1,002.80.
Avg Days on Market 26
Average sale price for a Single Family Home in San Francisco in October 2019 was $1,928,523…
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 October
Listing Price Per Sq. Ft.$934.59
Selling Price Per Sq. Ft.$1,002.80
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 October 2020 was $1,267,678 vs September of 2020 - $1,337,249 . Average selling PRICE per SQFT $1,024.49. Avg Days on Market 41
Average sale price for the Condo/Coop/TIC/Loft in San Francisco in October 2019 was $1,446,538
Average sale price for 2-4 Units in San Francisco in October 2020 was $2,214,75 vs September of 2020 - $2,009,980 Average selling PRICE per SQFT $688.64 Avg Days on Market 52.
Average sale price for 2-4 Units in San Francisco in October 2019 was $2,420,603.
Average sale price for 5+ units in San Francisco in October 2020 was $5,129,167 vs September of 2020 - $2,364,000. Avg Days on Market 38
Average sale price for 5+ units in San Francisco in October 2019 was $4,284,333.
Inventory of properties for sale in San Francisco as of November 7th, 2020 = 2045 (November 8th 2019 - 1102)
Single-Family Homes 430
2-4 Units 213
5+ Units 76
Inventory of properties for sale in San Francisco as of October 5th, 2019 = 1102
All the properties Sold in San Francisco in October 2020 - 612 (in September - 562)
SOLD in October 2020
2-4 Units 37
5+ Units 6
All the properties Sold in San Francisco in September 2020 - 562.
All the properties Sold in San Francisco in October 2019 - 546
There is currently ABOUT 3.5 months worth of inventory, meaning if there was not another home listed, it would take just 3.5 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.
From 283 Single Family Houses being sold in San Francisco in October 2020
74 SOLD BELOW asking price
15 SOLD for asking price
194 SOLD ABOVE asking price
43 SOLD for over $200,000,
26 SOLD for over $300,000,
9 SOLD for over $400,000,
5 SOLD for over $500,000.
28 Single Family Houses sold under $1,000,000;
175 from $1,000,000 to $2,000,000;
55 from $2,000,000 to $3,000,000;
22 from $3,000,000 to $4,000,000;
9 from $4,000,000 to $5,000,000,
3 from $5,000,000 to $6,000,000,
1 from $8,000,000 to $9,000,000,
1 from $10,000,000 to $11,000,000.
How crazy is your Real Estate Market?
Here is one of the Single Family Houses being sold in October of 2020 in San Francisco...
One out of 283 Single Family sold one month ago...
One out of 194 Single Family Houses sold OVER asking Price in San Francisco in October.
So what is so special about that exact house @ 3569 Washington St San Francisco CA 94118
Property Overview - 1939 built Colonial Revival on 26.75' x 102.687' lot on a great Presidio Heights block. The original layout is intuitive & has been enjoyed by this family for 36 years! Mature trees, hedges & gardens invite you in & up the gracious brick entry. The Open Foyer welcomes you. The large living room with a fireplace is to the North of the home overlooking Washington Street. Through the foyer & past closets then a powder room, the formal dining room opens to a south deck & down to the backyard. The breakfast room & kitchen are on the other side of the structural wall. A full bath & bedroom complete the main floor. The beautiful open stairs with a skylight above lead to the bedroom floor. The primary bedroom suite with 2 walk-in closets is spacious & light. At the back of the bedroom floor are 2 more bedrooms & 2 more bathrooms. Lower has more living space opening to the backyard, laundry, storage & garage.
2747 sqft Lot Size
List price - $4,950,000
Sold Price - $5,500,000
If you were thinking of selling your home in the near future, now is the time to do so to get the top dollar for your home before the market has a chance to turn.
Reminder: As you know that I am in real estate sales and my passion is to bring buyers/sellers together.
Who have you talked to in past couple days that might be thinking about buying/selling in San Francisco and/or in Silicon Valley or anywhere in the US/Canada (I am blessed to be a part of a huge network that I meet/talk-to on regular basis which is the backbone of my business that my clients benefit from).
Real Estate Broker
CalBRE Lic 01847176