State of the Market - San Francisco & Peninsula May 2021

The inventory of properties for sale in San Francisco as of  May 15 2021 - 1182.


Average sale price for a Single Family Home in San Francisco in April 2021 was $2,437,149 vs March of 2021 - $2,224,662 . Average selling PRICE per SQFT $1,076.50. 

Avg Days on Market 19.



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 April

Listing Price$2,252,205

Selling Price$2,437,149



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 April 2021 was $1,323,531 vs March of 2021 - $1,342,125 . Average selling PRICE per SQFT $1,067.83. Avg Days on Market 44.


Average sale price for 2-4 Units in San Francisco in April 2021 was $2,088,907 

vs March of 2021 - $2,240,959   Average selling PRICE per SQFT $720.27. 

Avg Days on Market 59 



Average sale price for 5+ units in San Francisco in April 2021 was $4,230,000 

vs March of 2021 - $3,501,023. Avg Days on Market 112.

.

Inventory of properties for sale in San Francisco as of April 15, 2021  =  1182 

Single-Family Homes  265

Condo  606

Townhouse   7

Tenancy in Common   72

2-4 Unit   164

5+ Units   68

Total   1182




All the properties Sold in San Francisco in April 2021      -  753


Single-Family Homes273

Condo  361

Townhouse   5

Tenancy in Common 51

2-4 Units             56

5+ Units              7

Total           753



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 273 Single Family Houses being sold in San Francisco in April 2021

45 SOLD BELOW asking price

16 SOLD for asking price

212 SOLD ABOVE asking price


42  sold for OVER $200,000.

35 SOLD for OVER $300,000,

23 SOLD for OVER $400,000.

18 SOLD for OVER $500,000,

9 SOLD for OVER $600,000,

4 SOLD for OVER $700,000,

1 SOLD for OVER $800,000,

4 SOLD for OVER $1,000,000.


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

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

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

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

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

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

4 from $6,000,000 to $7,000,000,

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

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

3 for over $10,0000,000.


How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in April of 2021 in San Francisco for $1,405,000 over asking price...


One out of 273 Single Family sold one month ago...


One out of 212 Single Family Houses sold OVER asking Price in San Francisco in April .


So what is so special about that exact house @ 195 San Leandro Way, San Francisco, CA 94127


Property Overview -  Grand Craftsman home designed by renowned architect Julia Morgan (famed for Hearst Castle) on nearly 1/4 acre, close to West Portal Village! Impressive entrance opens into dramatic lobby-like foyer w/splendid open-banister staircase. Remarkable formal living rm w/high ceiling boasts stately fireplace, 5 arched windows & hardwood floors. Stately formal dining rm w/beam ceiling, classic fireplace & china display cabinet. Beautifully remodeled gourmet kitchen w/fabulous work-island & sep butler's pantry showcases an Italian Bertazzoni range, black quartz counters, custom-made cabinets & brkf area. Huge adj family rm opens into a magical courtyard patio & garden. Awe-inspiring atrium w/towering roofline sports an extraordinary indoor swimming pool, built-in lounge seating, wet-bar & built-in BBQ. 4BR/3BA up incl luxurious master suite w/nice views to the Pacific Ocean & the Olympic Club, fireplace, dressing rm & bath. Huge basement. Delightful wrap-around landscaped backyard w/walking paths! 


4 bed

5 bath

5,454 sqft

10489 sqft Lot Size



Listed 2/18/2021

Sold 4/30/2021

List price - $3,995,000

Sold Price - $5,400,000

Difference- $1,405,000





May 2021 Peninsula/Silicon Valley Market Update

 

In Redwood Shores, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 6 days with the average sale price $2,034,720.00 (in March was $2,235,064.00). Price Received was 25% MORE the asking price..

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 12 days with the average sale price $3,240,438.00 (in March was $3,038,454.00). Price Received was 4% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 10 days with the average sale price $2,239,833.00 (in March was $2,172,274.00 ). Price Received was 7% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 9  days with the average sale price $2,318,300.00 (in March was $2,039,357.00). Price Received was 15% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 8 days with the average sale price $2,546,040.00 (in March was $2,315,026.00). Price Received was 12% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 15 days with the average sale price $2,011,738.00 (in March was $2,032,466.00). Price Received was 11% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 17 days with the average sale price $3,184,717.00 (in March was $2,850,724.00). Price Received was 9% 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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