State of the Market - San Francisco & Peninsula April 2021

The inventory of properties for sale in San Francisco as of  April 9 2021 - 1142.


Average sale price for a Single Family Home in San Francisco in March 2021 was $2,224,662 vs February of 2021 - $2,287,215 . Average selling PRICE per SQFT $1,077.14. 

Avg Days on Market 23.



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 March

Listing Price$2,063,330

Selling Price$2,224,662


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 March 2021 was $1,342,125 vs February of 2021 - $1,349,078 . Average selling PRICE per SQFT $1,097.43. Avg Days on Market 46.


Average sale price for 2-4 Units in San Francisco in March 2021 was $2,240,959 

vs February of 2021 - $2,430,929   Average selling PRICE per SQFT $675.64. 

Avg Days on Market 44 



Average sale price for 5+ units in San Francisco in March 2021 was $3,501,023 

vs February of 2021 - $3,630,625. Avg Days on Market 72.

.

Inventory of properties for sale in San Francisco as of April 9, 2021  =  1142 Single-Family Homes255

Condo595

Townhouse   9

Tenancy in Common 58

2-4 Unit157

5+ Units 68

Total1194




All the properties Sold in San Francisco in March 2021      -  731


Single-Family Homes  250

Condo  384

Townhouse  3

Tenancy in Common 36

2-4 Units             47

5+ Units             11

Total           444



There is currently 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 250 Single Family Houses being sold in San Francisco in March 2021

40 SOLD BELOW asking price

20 SOLD for asking price

190 SOLD ABOVE asking price


24  sold for OVER $200,000.

36 SOLD for OVER $300,000,

22 SOLD for OVER $400,000.

10 SOLD for OVER $500,000,

6 SOLD for OVER $600,000,

3 SOLD for OVER $700,000,

1 SOLD for OVER $1,000,000.


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

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

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

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

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

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

3 from $6,000,000 to $7,000,000,

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

1 from $8,000,000 to $9,000,000,.

2 for over $10,0000,000.





How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in March of 2021 in San Francisco for $1,005,000 over asking price...


One out of 250 Single Family sold one month ago...


One out of 190 Single Family Houses sold OVER asking Price in San Francisco in March.


So what is so special about that exact house @ 1045 Divisadero St, San Francisco, CA 94115


Property Overview - This monumental, iconic & renovated 5 bedroom, 5 bathroom, 5,137 square foot Queen Anne estate-like home is truly a Work of Art & one of San Francisco's grand showplaces! It boasts amazing views, multiple walk-out decks, lush gardens, indoor-outdoor living at its best, & the ultimate in privacy & security! It combines flawlessly the old-world charm from the era in which it was built & the luxurious modern experience of today. The State of the Art gorgeous ARCLINEA eat-in kitchen is fit for royalty! The spa-like bathrooms offer beautiful high-end fixtures & stonework. Intricate architectural design & millwork throughout include a grand staircase, high ceilings, stained glass windows, multiple fireplaces, bay windows, crown & dentil moldings, classical columns, & hardwood floors. 5 bed, 3 full & 2 half remodeled baths. Automatic security gates open up to the impressive driveway leading to the large 2 car garage. 7+ car parking! Guest apartment & au pair quarters. 



5 bed

5 bath

5,137 sqft

6246 sqft Lot Size



Listed 11/22/2020

Sold 3/24/2021

List price - $4,995,000

Sold Price - $6,000,000

Difference- $1,005,000





April 2021 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in March was 22 days with the average sale price $3,038,454.00 (in February was $3,015,263.00). Price Received was 4% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in March was 7 days with the average sale price $2,172,274.00 (in February was $1,968,000.00). Price Received was 17% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in March was only 10  days with the average sale price $2,039,357.00 (in February was $2,366,357.00). Price Received was 10% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in March was only 14 days with the average sale price $2,315,026.00 (in February was $2,256,283.00). Price Received was 6% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in March was only 18 days with the average sale price $2,032,466.00 (in February was $2,056,090.00). Price Received was 8% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in March was 22 days with the average sale price $2,850,724.00 (in February was $2,628,499.00). Price Received was 8% 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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