State of the Market - San Francisco & Peninsula July 2021

The inventory of properties for sale in San Francisco as of July 12, 2021 - 1268.


Average sale price for a Single Family Home in San Francisco in June 2021 was $2,464,937 vs May of 2021 - $2,443,709 . Average selling PRICE per SQFT $1,128.10. 

Avg Days on Market 17.



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 June

Listing Price$2,203,326

Selling Price$2,464,937






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

Average sale price for the Condo/Townhomes/Coop/TIC/Loft in San Francisco in June 2021 was $1,375,723 vs May of 2021 - $1,368,536 . Average selling PRICE per SQFT $1,120.01. Avg Days on Market 34.


Average sale price for 2-4 Units in San Francisco in June 2021 was $2,214,805 

vs May of 2021 - $2,401,138   Average selling PRICE per SQFT $722.23. 

Avg Days on Market 45 



Average sale price for 5+ units in San Francisco in June 2021 was $3,006,667 

vs May of 2021 - $3,174,957. Avg Days on Market 53.

.

Inventory of properties for sale in San Francisco as of July 12, 2021  =  1268

Single-Family Homes    280

Condo        612

Townhouse   8

Tenancy in Common 70

2-4 Unit           163

5+ Units135

Total          1268


All the properties Sold in San Francisco in May 2021      -  821


Single-Family Homes  307

Condo        396

Townhouse   4

Tenancy in Common 38

2-4 Units             67

5+ Units              9

Total           821



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 307 Single Family Houses being sold in San Francisco in June 2021

35 SOLD BELOW asking price

11 SOLD for asking price

261 SOLD ABOVE asking price


54  sold for OVER $200,000.

47 SOLD for OVER $300,000,

34 SOLD for OVER $400,000.

25 SOLD for OVER $500,000,

14 SOLD for OVER $600,000,

13 SOLD for OVER $700,000,

4 SOLD for OVER $800,000,

1 SOLD for OVER $1,755,000.


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

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

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

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

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

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

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

3 from $7,000,000 to $8,000,000,

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

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

3 for over $10,0000,000.


How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in June of 2021 in San Francisco for $1,755,000 over asking price...


One out of 307 Single Family sold one month ago...


One out of 261 Single Family Houses sold OVER asking Price in San Francisco in May.


So what is so special about that exact house @ 108 Turquoise Way, San Francisco, CA  94131


Property Overview -  Spectacular modernist home on picturesque prominence overlooking Glen Canyon. Designed by award-winning architects in 1962, this magical house exudes warmth, comfort & tranquility. At once the scale is grand, yet intimate spaces await discovery. Main lvl: Striking great rm w/handsome FP, views & amazing in-out living. Lg wood deck overlooks lush grounds & beyond. Oak & apple trees & native plants surround the great lawn. Cozy fam room w/ canyon vistas. Chef's kitchen has bar w/granite countertop, SS appliances, ample cabinetry & lovely BF area open to fountain ctyd. Lux BR suite w/4 closets, office, tiled BA w/jetted tub, yellow cedar patio, new carpet & high ceilings. Lower: 3BRs, 2BAs, bonus area & large laundry, storage, & utility rm. Media rm walks out to new deck & park-like yard w/ trails to canyon. Solar panels, radiant heat, 2-car garage w/plenty of storage shelves. Large wide lot on coveted Turquoise Way is min. to Noe Valley Whole Foods, Safeway, new Christopher Plygrd.


4 bed

3 bath

3018 sqft

6638 sqft Lot Size


Listed 4/3/2021

Sold 6/11/2021

List price - $3,995,000

Sold Price - $5,750,000

Difference- $1,755,000




July 2021 Peninsula/Silicon Valley Market Update

 

In Redwood Shores, CA - AVERAGE DAYS ON MARKET for Single Family Houses in June was 8 days with the average sale price $2,388,000.00 (in May was $2,554,638.00). Price Received was 16% MORE the asking price..

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in June was 15 days with the average sale price $3,779,162.00 (in May was $3,383,586.00). Price Received was 8% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in June was 11 days with the average sale price $2,362,420.00 (in May was 2,312,407.00). Price Received was 16% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in June was only 9 days with the average sale price $2,405,252.00 (in May was $2,217,950.00). Price Received was 14% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in June was only 13 days with the average sale price $2,538,858.00 (in May was $2,478,117.00). Price Received was 8% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in June was only 9 days with the average sale price $2,010,923.00 (in May was $1,920,608.00). Price Received was 15% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in June was 19 days with the average sale price $3,092,435.00 (in May was $3,378,296.00). Price Received was 7% 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).