State of the Market - San Francisco & Peninsula January 2021

Average sale price for a Single Family Home in San Francisco in January 2021 was $1,931,721 vs December of 2020 - $2,090,948 . Average selling PRICE per SQFT $950.91. 

Avg Days on Market 31.



Average Sale Price for Single Family Houses in San Francisco for 2021 by ZIP code



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

Listing Price$1,873,429

Selling Price$1,931,721


Average Sale Price for Single Family Houses in San Francisco from 2005 to 2021

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in January 2021 was $1,213,550 vs December of 2020 - $1,285,705 . Average selling PRICE per SQFT $1,033.71. Avg Days on Market 68.


Average sale price for 2-4 Units in San Francisco in January 2021 was $2,197,058 

vs December of 2020 - $2,036,705   Average selling PRICE per SQFT $717.78. 

Avg Days on Market 48 



Average sale price for 5+ units in San Francisco in January 2021 was $3,404,167 

vs December of 2020 - $3,473,091. Avg Days on Market 55.

.


Inventory of properties for sale in San Francisco as of February 10th, 2021  =  1171 Single-Family Homes247

Condo635

Townhouse 13

Tenancy in Common 83

2-4 Unit140

5+ Units 53

Total1171



All the properties Sold in San Francisco in January 2021      -  470

(SOLD in December 2020 - 662)


Single-Family Homes153

Condo230

Townhouse 11

Tenancy in Common 29

2-4 Units             41

5+ Units              6

Total           470



There is currently 2,5 months worth of inventory, meaning if there was not another home listed, it would take just about 2.5 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 153 Single Family Houses being sold in San Francisco in January 2021

47 SOLD BELOW asking price

12 SOLD for asking price

94 SOLD ABOVE asking price


20  sold for $200,000 and over.

6 SOLD for over $300,000,

7 SOLD for over $400,000.


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

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

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

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

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

2 from $5,000,000 to $6,000,000,

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

2 from $9,000,000 to $10,000,000,.

1 for over $11,000,000.




How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in January of 2021 in San Francisco...


One out of 153 Single Family sold one month ago...


One out of 94 Single Family Houses sold OVER asking Price in San Francisco in January.



So what is so special about that exact house @ 348 Magellan Ave, San Francisco, CA 94116


Property Overview -  This 3 bedroom, 2 bathroom, 2,250 square foot home is smack dab in the middle of one of the most desirable residential neighborhoods in The City. With freshly refinished oak hardwood floors, new paint on the inside and outside, and a dynamite floorplan, you do NOT want to miss out on seeing this Forever Home. A buyer could move right in and be happy, or remodel to taste. Picture evenings on the spacious rear deck with friends and family- a perfect spot to make memories that will last a lifetime. The XL oversized room over the garage used to house both a ping pong and pool table... at the same time!! What will you do with it? -family room, second Master Suite, play area? Ideally located between West Portal Station & Forest Hill Station, you would be a 5 minute walk from restaurants, shops, nightlife, and so much more! Imagine a brief walk to MUNI to see the Giants or Warriors, all without having to worry about parking. 




3 bed

2 bath

2250 sqft

5000 sqft Lot Size



Listed 10/24/2020

Sold 1/7/2021

List price - $1,888,000

Sold Price - $2,360,000

Difference- $472,000





February 2021 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was 34 days with the average sale price $2,378,868.00 (in December was $2,797,029.00). Price Received was 1% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was 11 days with the average sale price $2,210,000.00 (in December was $1,882,818.00). Price Received was 7% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was only 14  days with the average sale price $1,897,071.00 (in December was $2,336,250.00). Price Received was 13% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was only 45 days with the average sale price $2,288,166.00 (in December was $2,232,166.00). Price Received was 2% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was only 24 days with the average sale price $1,799,345.00 (in December was $1,828,078.00). Price Received was 5% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in January was 18 days with the average sale price $2,281,666.00 (in December was $2,408,500.00). Price Received was 4% 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


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