State of the Market - San Francisco December 2020

The inventory of properties for sale in San Francisco as of  December 6th 2020 - 1644 - the significant 24% drop from 2045 properties being active for sale just one month ago and significant 140% jump  from 685 properties being active for sale just one YEAR ago.


Real Estate Sales In San Francisco MoM practically the same (609 in Nov 2020 vs 612 in Oct 2020).

Real Estate Sales In San Francisco YoY are increased by 22%.


Average sale price for a Single Family Home in San Francisco in November 2020 was $2,118,659 vs October of 2020 - $1,935,000 . Average selling PRICE per SQFT $1,003.60. Avg Days on Market 32


Average sale price for a Single Family Home in San Francisco in November 2019 was $1,995,413…



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$2,049,369

Listing Price Per Sq. Ft.$951.12


Selling Price$2,118,659

Selling Price Per Sq. Ft.$1,003.60

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 November 2020 was $1,302,361 vs October of 2020 - $1,267,678 . Average selling PRICE per SQFT $1,018.58. Avg Days on Market 49

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in November 2019 was  $1,330,776


Average sale price for 2-4 Units in San Francisco in November 2020 was $1,992,516 vs October of 2020 - $2,214,75   Average selling PRICE per SQFT $688.73. Avg Days on Market 39. 


Average sale price for 2-4 Units in San Francisco in November 2019 was  $2,104,121.



Average sale price for 5+ units in San Francisco in November 2020 was $4,238,000  vs October of 2020 - $5,129,167. Avg Days on Market 95.

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Average sale price for 5+ units in San Francisco in November 2019 was $5,306,500.



Inventory of properties for sale in San Francisco as of December 6th, 2020  =  1644 (November 7th 2020  - 2045)

Single-Family Homes     326

Condo/Coop/TIC/Loft   1039

2-4 Units     207

5+ Units      73

Total   1644



Inventory of properties for sale in San Francisco as of December 13, 2019 = 685

Single-Family Homes = 154

Condo/Coop/TIC/Loft = 389

2-4 Units =                     114

5+ units =                        28

Total   685


All the properties Sold in San Francisco in November 2020      -  609


SOLD in November 2020

Single-Family Homes249

Condo/Coop/TIC/Loft323

2-4 Units             32

5+ Units               5

Total           609


All the properties Sold in San Francisco in October 2020      -  612.


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There is currently LESS THAN 3 months worth of inventory, meaning if there was not another home listed, it would take just less than 3 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 249 Single Family Houses being sold in San Francisco in November 2020

69 SOLD BELOW asking price

21 SOLD for asking price

159 SOLD ABOVE asking price



31 SOLD for over $200,000,

18 SOLD for over $300,000,

4 SOLD for over $400,000,

4 SOLD for over $500,000,

4 SOLD for over $700,000.



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

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

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

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

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

1 from $5,000,000 to $6,000,000,

2 from $6,000,000 to $7,000,000,

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

2 from $8,000,000 to $9,000,000,

1 from over $20,000,000.




How crazy is your Real Estate Market?


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


One out of 249 Single Family sold one month ago...


One out of 159 Single Family Houses sold OVER asking Price in San Francisco in October.



So what is so special about that exact house @ 85 5th Ave, San Francisco, CA 94118


Property Overview -  a single-level 3BD/2BA Mid-Century with expansion potential on a quiet cul-de-sac in the coveted North of Lake area of the Lake District, steps from Mountain Lake Park & the Presidio. 85 5th Ave greets visitors with no stairs to its formal entry, or to the rest of the home, an extreme rarity & luxury in SF. The vintage classic boasts a LR/DR combo w/ FP, skylight & wood floors, an eat-in kitchen w/ brick patio perfect for morning coffee, a private & roomy Primary Suite w/ updated BA, 2 additional BDs at the home's rear, a full guest BA, AND a laundry/mudroom. Perfect for today's at-home lifestyles, the garage is set up as a family room/home office, yet can easily be put back, if desired. A large lot w/ big back yard & deck ready for entertainment & play complete this rare offering. 




3  bed

2 bath

1600 sqft

3916 sqft Lot Size



Listed 9/24/2020

Sold 11/2/2020

List price - $1,998,000

Sold Price - $2,758,000

Difference- $760,000


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).

 

Valeriy Krysov

Real Estate Broker

CalBRE Lic 01847176

415-385-8949

ValKrysov@RealtyFinancial.com

RealtyFinancial.com


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