State of the Market - San Francisco & Peninsula August 2021

The inventory of properties for sale in San Francisco as of August 15, 2021 - 1080


Average sale price for a Single Family Home in San Francisco in July 2021 was $2,302,230 vs June of 2021 - $2,464,937. Average selling PRICE per SQFT $1,109.95. 

Avg Days on Market 18.



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 July

Listing Price$2,026,447

Selling Price$2,302,230






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 July 2021 was $1,329,346 vs June of 2021 - $1,375,723. Average selling PRICE per SQFT $1,116.38. Avg Days on Market 39.


Average sale price for 2-4 Units in San Francisco in July 2021 was $2,368,280 

vs June of 2021 - $2,214,805   Average selling PRICE per SQFT $780.19. 

Avg Days on Market 37 



Average sale price for 5+ units in San Francisco in July 2021 was $3,195,667 

vs June of 2021 - $3,006,667. Avg Days on Market 85.

.

Inventory of properties for sale in San Francisco as of August 15, 2021  =  1080

Single-Family Homes265

Condo524

Townhouse  13

Tenancy in Common 76

2-4 Unit           148

5+ Units 54

Total          1080


All the properties Sold in San Francisco in July 2021      -  666


Single-Family Homes246

Condo315

Townhouse   4

Tenancy in Common 25

2-4 Units             64

5+ Units             12

Total           666



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 246 Single Family Houses being sold in San Francisco in July 2021

26 SOLD BELOW asking price

11 SOLD for asking price

209 SOLD ABOVE asking price


40  sold for OVER $200,000.

44 SOLD for OVER $300,000,

36 SOLD for OVER $400,000.

26 SOLD for OVER $500,000,

9 SOLD for OVER $600,000,

5 SOLD for OVER $700,000,

2 SOLD for OVER $800,000,

2 SOLD for OVER $900,000,

1 SOLD for OVER $1,255,000.


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

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

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

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

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

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

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

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






How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in July of 2021 in San Francisco for $1,255,000 over asking price...


One out of 246 Single Family sold one month ago...


One out of 209 Single Family Houses sold OVER asking Price in San Francisco in July.


So what is so special about that exact house @ 3125 Steiner St, San Francisco, CA  94123


Property Overview -  Four-bedroom, four bath-home with a spacious floor plan, adorned with sophisticated finishes and located in the iconic Cow hollow neighborhood of San Francisco! The main level opens to an inviting formal foyer, gorgeous wood floors, high ceilings, a large open living space, front room, bathroom, remodeled gourmet, eat-in kitchen, and dining room that open to the sun-drenched deck and backyard. The upper level of the home has two enormous bedrooms, two bathrooms, plenty of closet space, and are showered with natural light from multiple skylights. The lower level of the home has an additional bedroom/office/entertainment room, full bathroom, separate entrance, and overlooks the restful courtyard with the winning combination of providing repose, or ideal for entertaining. The large garage has a separate entrance, ample storage space, and delivers the final touches to this truly special home that is close to shopping, restaurants, cafes, public transportation, and more!


4 bed

4 bath

2640 sqft

2495 sqft Lot Size


Listed 6/11/2021

Sold 7/28/2021

List price - $1,995,000

Sold Price - $3,250,000

Difference- $1,255,000



August 2021 Peninsula/Silicon Valley Market Update

 

In Redwood Shores, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 6 days with the average sale price $2,563,125.00 (in June was $2,388,000.00). Price Received was 16% MORE the asking price..

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 18 days with the average sale price $2,971,345.00 (in June was $3,779,162.00). Price Received was 4% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 8 days with the average sale price $2,322,710.00 (in June was $2,362,420.00). Price Received was 16% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 9 days with the average sale price $2,290,884.00 (in June was $2,405,252.00). Price Received was 17% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 11 days with the average sale price $2,659,670.00 (in June was $2,538,858.00). Price Received was 12% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 13 days with the average sale price $2,368,985.00 (in June was $2,010,923.00). Price Received was 14% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 11 days with the average sale price $3,101,173.00 (in June was $3,092,435.00). Price Received was 5% 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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