State of the Market - San Francisco & Peninsula March 2021

The inventory of properties for sale in San Francisco as of  March 9 2021 - 1194.


Average sale price for a Single Family Home in San Francisco in February 2021 was $2,287,215 vs January of 2021 - $1,931,721 . Average selling PRICE per SQFT $1,018.97. Avg Days on Market 29.



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 February 

Listing Price$2,173,642

Selling Price$2,287,215






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 February 2021 was $1,349,078 vs January of 2021 - $1,213,550 . Average selling PRICE per SQFT $1,066.13. Avg Days on Market 64.


Average sale price for 2-4 Units in San Francisco in February 2021 was $2,430,929 

vs January of 2021 - $2,197,058   Average selling PRICE per SQFT $706.99. 

Avg Days on Market 87 



Average sale price for 5+ units in San Francisco in February 2021 was $3,630,625 

vs January of 2021 - $3,404,167. Avg Days on Market 90.

.


Inventory of properties for sale in San Francisco as of March 9, 2021  =  1194 

Single-Family Homes 237

Condo 656

Townhouse 13

Tenancy in Common 77

2-4 Unit 144

5+ Units 67

Total 1194



All the properties Sold in San Francisco in February 2021      -  444

(SOLD in January 2021 - 470)


Single-Family Homes158

Condo223

Townhouse   6

Tenancy in Common 24

2-4 Units             25

5+ Units              8

Total           444



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 158 Single Family Houses being sold in San Francisco in February 2021

39 SOLD BELOW asking price

9 SOLD for asking price

110 SOLD ABOVE asking price


20  sold for $200,000 and over.

14 SOLD for over $300,000,

13 SOLD for over $400,000.

5 SOLD for over $500,000,

3 SOLD for over $600,000,

2 SOLD for over $700,000,

1 SOLD for over $10,000,000.


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

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

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

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

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

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

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

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

2 for over $12000,000.


How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in February of 2021 in San Francisco for $1,030,000 over asking price...


One out of 158 Single Family sold one month ago...


One out of 110 Single Family Houses sold OVER asking Price in San Francisco in February .


So what is so special about that exact house @ 333 Lombard St, San Francisco, CA 94133


Property Overview -  This 3 bedroom, 1.5 bathroom, 1,702 square foot - a single family home with unlimited potential. Has been in the same family for 60 years, is now looking for new owners to make it their dream home. The fabulous views of the Golden Gate Bridge, Alcatraz and the SF Bay is full of opportunities for a creative buyer to convert this property into one of the best view homes'' in San Francisco. Also, the street presence of this home is special and statuesque. This 3BR/1.5BA/1PKG house has potential for expansion with a large basement and 1 car garage. The kitchen faces south overlooking a sunny and cheerful garden. The top penthouse-like spacious master bedroom upstairs has a large terrace with magnificent views. Imagine the fairytale sunsets and the blasts of color in the sky this location evokes. The balcony off the living room has fabulous views as well. Charming backyard completes this sweet Telegraph Hill home.



3 bed

1.5 bath

1702 sqft

2369 sqft Lot Size


Listed 1/6/2021

Sold 2/22/2021

List price - $1,995,000

Sold Price - $3,025,000

Difference- $1,030,000



March 2021 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in February was 28 days with the average sale price $3,015,263.00 (in January was $2,378,868.00). Price Received was 3% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in February was 8 days with the average sale price $1,968,000.00 (in January was $2,210,000.00). Price Received was 8% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in February was only 26  days with the average sale price $2,366,357.00 (in January was $1,897,071.00). Price Received was 6% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in February was only 19 days with the average sale price $2,256,283.00 (in January was $2,288,166.00). Price Received was 7% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in February was only 18 days with the average sale price $2,056,090.00 (in January was $1,799,345.00). Price Received was 6% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in February was 36 days with the average sale price $2,628,499.00 (in January was $2,281,666.00). Price Received was 3% 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 #RealtyFinancial