State of the Market - San Francisco & Peninsula January 2021

The inventory of properties for sale in San Francisco as of  January 11th 2021 - 964 - the significant drop from 1644 properties being active for sale just one month ago.

Inventory of properties for sale in San Francisco as of January 10, 2020  = 456


Real Estate Sales In San Francisco MoM rose about 10% (662 in Dec 2020 vs 609 in Nov 2020).

Real Estate Sales In San Francisco YoY are increased by 55% (426 properties being sold in Dec 2019).


Average sale price for a Single Family Home in San Francisco in December 2020 was $2,090,948 vs November of 2020 - $2,118,659 . Average selling PRICE per SQFT $1,003.23. 

Avg Days on Market 29.


Average sale price for a Single Family Home in San Francisco in December 2019 was $1,952,879…


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$2,043,645

Listing Price Per Sq. Ft.$952.00


Selling Price$2,090,948

Selling Price Per Sq. Ft.$1,003.23

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 December 2020 was $1,285,705 vs November of 2020 - $1,267,678 . Average selling PRICE per SQFT $1,032.63. Avg Days on Market 53.

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in December 2019 was  $1,282,047


Average sale price for 2-4 Units in San Francisco in December 2020 was $2,036,705 vs November of 2020 - $1,992,516   Average selling PRICE per SQFT $691.13. Avg Days on Market 43 


Average sale price for 2-4 Units in San Francisco in December 2019 was   $2,130,419.



Average sale price for 5+ units in San Francisco in December 2020 was $3,473,091  vs November of 2020 - $4,238,000. Avg Days on Market 77.

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Average sale price for 5+ units in San Francisco in December 2019 was $3,653,500.



Inventory of properties for sale in San Francisco as of January 11th, 2021  =  965 (November 7th 2020  - 2045)

Single-Family Homes     187

Condo/Coop/TIC/Loft     600

2-4 Units     128

5+ Units      50

Total    965



All the properties Sold in San Francisco in December 2020      -  662


SOLD in November 2020

Single-Family Homes267

Condo/Coop/TIC/Loft345

2-4 Units             39

5+ Units             11

Total           662


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There is currently LESS THAN 1,5 months worth of inventory, meaning if there was not another home listed, it would take just about 1.5 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 267 Single Family Houses being sold in San Francisco in December 2020

82 SOLD BELOW asking price

15 SOLD for asking price

170 SOLD ABOVE asking price



22 SOLD for over $300,000,

4 SOLD for over $400,000,

5 SOLD for over $500,000,

1 SOLD for over $700,000.



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

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

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

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

11 from $4,000,000 to $5,000,000,

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

1 from $6,000,000 to $7,000,000,

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

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

3 from over $10,000,000.




How crazy is your Real Estate Market?


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


One out of 267 Single Family sold one month ago...


One out of 170 Single Family Houses sold OVER asking Price in San Francisco in December.



So what is so special about that exact house @ 355 Valdez Ave, San Francisco, CA 94127


Property Overview -  Terrific Spanish Mediterranean view home tucked away on great block! Inviting garden entrance w/cobblestone walkway leads to notable front door & into foyer w/coat closet. 

Magnificent formal living rm w/open arched doorway & dramatic barrel ceiling boasts a grand fireplace w/Batchelder tile surround & gumwood mantel, built-in bookshelves w/glass-paneled doors, 

hardwood floors, huge bay window w/five floor to ceiling arched windows & stunning views to the Bay, hills and trees! Gorgeous banquet-size formal dining rm w/exotic wood paneling & impressive 

built-in china hutch! Tastefully remodeled kit showcases all stainless-steel appliances incl a Wolf gas range, Bosch dishwasher & LG refrigerator, granite counters w/tile backsplash, custom cabinets & 

light-filled breakfast rm. Master suite w/big walk-in closet & private bath overlooks the garden. Giant family rm w/access to the yard, wine/hobby rm & laundry closet. Fabulous landscaped backyard 

w/enormous patio, built-in BBQ, lawn & garden!




4  bed

3 bath

2623 sqft

3567 sqft Lot Size

1926 built



Listed 11/18/2020

Sold 12/24/2020

List price - $1,895,000

Sold Price - $2,612,000

Difference- $717,000





January 2021 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in December was 32 days with the average sale price $2,797,029.00 (in November was $3,103,329.00). Price Received was 1% LESS the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in December was 32 days with the average sale price $1,882,818.00 (in November was $2,066,000.00). Price Received was 4% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in December was only 23  days with the average sale price $2,336,250.00 (in November was $1,955,001.00). Price Received was 5% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in December was only 38 days with the average sale price $2,232,166.00 (in November was $2,280,739.00). Price Received was 2% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in December was only 21 days with the average sale price $1,828,078.00 (in November was $1,867,405.00). Price Received was 2% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in December was 18 days with the average sale price $2,408,500.00 (in November was $2,568,209.00). Price Received was 1% above the asking price.

 

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


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