State of the Market - San Francisco & Peninsula October 2021

The inventory of properties for sale in San Francisco as of October 14, 2021 - 1480


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

Month            Average SFR List Price          Average SFR Sale Price

September                      $1,863,114                                $2,118,465

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 September 2021

Bedwoom   3

Bathroom   2

SqFt             1,912

Lot SqFt      2,810

Year Built   1932



Average sale price for a Single Family Home in San Francisco in September 2021 was $2,118,465 vs August of 2021 - $2,131,989. Average selling PRICE per SQFT $1,114.36. 

Avg Days on Market 21.



Average Sale Price for Single Family Houses in San Francisco for 2021 by ZIP code


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 September 2021 was $1,340,334 vs August of 2021 - $1,346,646. Average selling PRICE per SQFT $1,131.28. Avg Days on Market 36.


Average sale price for 2-4 Units in San Francisco in September 2021 was $1,946,264 

vs August of 2021 -  $2,236,675   Average selling PRICE per SQFT $612.15. Avg Days on Market 53 



Average sale price for 5+ units in San Francisco in September 2021 was $5,024,706 

vs August of 2021 - $4,653,571. Avg Days on Market 114.


Inventory of properties for sale in San Francisco as of October 14, 2021  =  1480


Single-Family Homes     319

Condo                              773

Townhouse                       14

Tenancy in Common       93

Stock Cooperative           30

2-4 Unit                           188

5+ Units                            63

Total                              1480



All the properties Sold in San Francisco in September 2021      -  575


Single-Family Homes   238

Condo                            246   

Townhouse                       8

Tenancy in Common     26

Stock Cooperative           4

2-4 Units                         36

5+ Units                          17

Total                              575


There is currently 2,5 months worth of inventory, meaning if there was not another home listed, it would take just about little more than 2 and half 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 238 Single Family Houses being sold in San Francisco in September 2021

26 SOLD BELOW asking price

7 SOLD for asking price

205 SOLD ABOVE asking price


40  sold for OVER $200,000.

30 SOLD for OVER $300,000,

40 SOLD for OVER $400,000.

15 SOLD for OVER $500,000,

6 SOLD for OVER $600,000,

7 SOLD for OVER $700,000,

1 SOLD for OVER $800,000,

1 SOLD for OVER $900,000,

2 SOLD for OVER $1,000,000.


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

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

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

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

12 from $4,000,000 to $5,000,000,

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

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

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

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



How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in September of 2021 in San Francisco for $1,125,000 over asking price...


One out of 238 Single Family sold one month ago...


One out of 205 Single Family Houses sold OVER asking Price in San Francisco in September.


So what is so special about that exact house @ 2021 14th Ave, San Francisco, CA 94116


Property Overview -  Built in 1947, this spectacular light-filled home offers extraordinary unobstructed sweeping Ocean views from many rooms on both floors. The sunsets are breathtaking! 1st offering in almost a decade, this incredible dramatic home is located in Golden Gate Heights, one of San Francisco's finest neighborhoods. Remodeled thruout w/a modern design aesthetic, the impressive architectural detail highlighted thruout includes soaring 15 foot ceilings, vaulted ceilings, 5 skylights, gorgeous hardwood flrs, LED recessed lighting, solid wood doors w/glass, crown moldings & thick wood moldings. 3 bedrooms, 2 full remodeled bathrooms, formal entry w/gorgeous circular staircase, formal living room, open dining room, remodeled eat-in kitchen, laundry rm with washer/dryer, 2 gas burning fireplaces, walk-out view terrace approx. 177 square ft, landscaped backyard/garden w/irrigation, spacious garage w/interior access, double pane windows, wired for sound.  Exterior window solar shades, Nest thermostats.


3 bed

2 bath

2293 sqft

2064 sqft Lot Size


Listed 8/30/2021

Sold 9/14/2021

List price - $1,800,000

Sold Price - $2,925,000

Difference- $1,125,000



October 2021 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in September was 23 days with the average sale price $3,539,340.00 (in August was $3,201,624.00). Price Received was 6% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in September was 9 days with the average sale price $2,253,961.00 (in August was $2,228,600.00). Price Received was 12% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in September was only 12 days with the average sale price $2,267,777.00 (in August was $2,170,626.00). Price Received was 11% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in September was only 12 days with the average sale price $2,488,548.00 (in August was $2,587,235.00). Price Received was 6% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in September was only 17 days with the average sale price $1,921,305.00 (in August was $1,970,362.00). Price Received was 7% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in September was 13 days with the average sale price $2,991,900.00 (in August was $3,108,065.00). Price Received was 11% 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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