State of the Market - San Francisco & Peninsula September 2021

The inventory of properties for sale in San Francisco as of September 12, 2021 - 1322


The average Sale Price for Single Family Home in San Francisco drops down for the third consecutive month in a row:

Month      Average SFR List Price     Average SFR Sale Price

August                         $1,890,986                          $2,131,989

July                               $2,026,447                          $2,302,230

June                             $2,203,326                           $2,464,937


Average Single Family Home in San Francisco in August 2021

Bedwoom3

Bathroom2

SqFt1,995

Lot SqFt2,855

Year Built1931



Average sale price for a Single Family Home in San Francisco in August 2021 was $2,131,989 vs July of 2021 - $2,302,230. Average selling PRICE per SQFT $1,068.67. 

Avg Days on Market 22.



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$1,890,986

Selling Price$2,131,989



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 August 2021 was $1,346,646 

vs July of 2021 - $1,329,346. Average selling PRICE per SQFT $1,127.89. Avg Days on Market 37.


Average sale price for 2-4 Units in San Francisco in August 2021 was $2,236,675 

vs July of 2021 - $2,368,280   Average selling PRICE per SQFT $748.04. 

Avg Days on Market 50 



Average sale price for 5+ units in San Francisco in August 2021 was $4,653,571 

vs July of 2021 - $3,195,667. Avg Days on Market 56.

.




Inventory of properties for sale in San Francisco as of September 12, 2021  =  1322


Single-Family Homes323

Condo682

Townhouse  13

Tenancy in Common  74

Stock Cooperative  23

2-4 Unit            151

5+ Units  56

Total          1322



All the properties Sold in San Francisco in August 2021      -  620


Single-Family Homes245

Condo292

Townhouse    6

Tenancy in Common  22

Stock Cooperative   6

2-4 Units             42

5+ Units              7

Total           620



There is currently 2,1 months worth of inventory, meaning if there was not another home listed, it would take just about little more than 2 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 245 Single Family Houses being sold in San Francisco in August 2021

28 SOLD BELOW asking price

9 SOLD for asking price

208 SOLD ABOVE asking price


41  sold for OVER $200,000.

31 SOLD for OVER $300,000,

29 SOLD for OVER $400,000.

18 SOLD for OVER $500,000,

8 SOLD for OVER $600,000,

5 SOLD for OVER $700,000,

3 SOLD for OVER $800,000,

2 SOLD for OVER $1,000,000.




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

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

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

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

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

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

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



How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in August of 2021 in San Francisco for $1,605,000 over asking price...


One out of 245 Single Family sold one month ago...


One out of 208 Single Family Houses sold OVER asking Price in San Francisco in August .


So what is so special about that exact house @ 177 Belgrave, San Francisco, CA  94117


Property Overview -  Nestled at the top of a lush Cole Valley hillside, 177 Belgrave is a grand treehouse in the sky, exuding a retreat-like experience. Boasting breathtaking city views from every room, sprawling outdoor spaces, and an unparalleled development opportunity. This beautiful wooded home is complete with 3 bedrooms, 2 bathrooms and several entertaining spaces, with an unmatched indoor/outdoor flow. Soak in impressive city and golden gate bridge views from the grand, sunken living room, complete with large fireplace and exposed wooden beams. The ideal entertainer's home - the main floor is complete with a large chef's kitchen, breakfast nook and formal dining area, and multiple outdoor spaces. Direct access to the backyard and garden paths that lead to a large view front deck. Complete with architectural renderings for a 10,000+ sqft., 7 bed, 8.5 bath property, the development possibilities are endless! *Connected to a vacant lot off the backside of the property (1326 Stanyan St), also for sale*


3 bed

2 bath

1920 sqft

6059 sqft Lot Size




Listed 5/11/2021

Sold 8/23/2021

List price - $2,995,000

Sold Price - $4,600,000

Difference- $1,605,000



September 2021 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in August was 23 days with the average sale price $3,201,624.00 (in July was $2,971,345.00). 

Price Received was 5% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in August was 9 days with the average sale price $2,228,600.00 (in July was $2,322,710.00). 

Price Received was 14% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in August was only 18 days with the average sale price $2,170,626.00 (in July was $2,290,884.00). 

Price Received was 14% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in August was only 8 days with the average sale price $2,587,235.00 (in July was $2,659,670.00). 

Price Received was 13% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in August was only 11 days with the average sale price $1,970,362.00 (in July was $2,368,985.00). 

Price Received was 13% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in August was 10 days with the average sale price $3,108,065.00 (in July was $3,101,173.00). 

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).

 

Val Krysov

Real Estate Broker

CalBRE Lic 01847176

415-385-8949

ValKrysov@RealtyFinancial.com

RealtyFinancial.com


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