State of the Market - San Francisco & Peninsula November 2021

Average sale price for a Single Family Home in San Francisco in October 2021 was $2,358,448 vs September of 2021 - $2,131,989. Average selling PRICE per SQFT $1,093.37. 

Avg Days on Market 19.


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 Single Family Home in San Francisco:


Month

Average SFR List Price

Average SFR Sale Price

October 

$2,093,971

$2,358,448

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 October 2021


Bedroom

3

Bathroom

2

SqFt

2,128

Lot SqFt

2,940

Year Built

1932

Average DOM

19


Average sale price for the Condo/Townhomes/Coop/TIC/Loft in San Francisco in October 2021 was $1,437,319 vs September of 2021 - $1,340,334. Average selling PRICE per SQFT $1,141.56. Avg Days on Market 32.


Average sale price for 2-4 Units in San Francisco in October 2021 was $2,193,490 

vs September of 2021 -  $1,946,264   Average selling PRICE per SQFT $773.53. 

Avg Days on Market 39 



Average sale price for 5+ units in San Francisco in October 2021 was $4,147,450 

vs September of 2021 - $5,024,706. Avg Days on Market 42.

.


Inventory of properties for sale in San Francisco as of November 8, 2021  =  1358 (1480 last month)


Single-Family Homes

305

Condo

677

Townhouse

17

Tenancy in Common

98

Stock Cooperative

26

2-4 Unit

175

5+ Units

60

Total

1358



All the properties Sold in San Francisco in October 2021 -  709 (575 last month)


Single-Family Homes

303

Condo

308

Townhouse

7

Tenancy in Common

24

Stock Cooperative

8

2-4 Unit

49

5+ Units

10

Total

709



There is currently 1,9 months worth of inventory, meaning if there was not another home listed, it would take just LESS 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 303 Single Family Houses being sold in San Francisco in October 2021

36 SOLD BELOW asking price

11 SOLD for asking price

256 SOLD ABOVE asking price


44  sold for OVER $200,000.

54 SOLD for OVER $300,000,

31 SOLD for OVER $400,000.

28 SOLD for OVER $500,000,

17 SOLD for OVER $600,000,

2 SOLD for OVER $700,000,

5 SOLD for OVER $800,000,

5 SOLD for OVER $1,000,000.


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

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

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

29 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,

3 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,

1 from $9,000,000 to $10,000,000,

4 for OVER $10,000,000..



How crazy is your Real Estate Market?


Here is one of the Single Family Houses being sold in October of 2021 in San Francisco for $1,506,248 over asking price...


One out of 303 Single Family sold one month ago...


One out of 256 Single Family Houses sold OVER asking Price in San Francisco in October.


One out of 5 sold for OVER $1,000,000 over asking price!



So what is so special about that exact house @ 1248 Stanyan St, San Francisco, CA 94117


Property Overview -  Own a part of San Francisco history. This exquisite three level over basement, Queen Anne Victorian, heritage property in Upper Cole Valley is a rare gem. Set amongst mature trees, this comfortable home has been lovingly maintained by a single family since the early sixties. The home sits on a quiet block, with serene views out over Cole Valley and the city beyond, yet is a short walk to the trails of Sutro Forest, a public playground, tennis courts, Tank Hill, restaurants, shopping, public transit, and the UCSF medical center. Features include high ceilings, period details, tiled fireplaces, window seats, and hydronic heat beneath refurbished hardwood floors. The versatile room layout supports many ways to use the space. The entry level has been sensitively adapted to support accessibility. The generous and inviting garden is framed at the back of the property by a picturesque stone wall. The home includes a workshop, original carriageway and iconic facade with turret.


5 bed

2 bath

2929 sqft

3907 sqft Lot Size




Listed 7/7/2021

Sold 10/19/2021

List price - $2,995,000

Sold Price - $4,501,248

Difference- $1,506,248


November 2021 Peninsula/Silicon Valley Market Update

 

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in October was 17 days with the average sale price $3,940,800.00 (in September was $3,539,340.00). Price Received was 4% MORE the asking price..

 

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in October was 7 days with the average sale price $2,443,714.00 (in September was $2,253,961.00). Price Received was 22% above the asking price..

 

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in October was only 8 days with the average sale price $2,501,408.00 (in September was $2,267,777.00). Price Received was 15% MORE than asking price.

 

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in October was only 14 days with the average sale price $2,586,892.00 (in September was $2,488,548.00). Price Received was 11% above the asking price.

 

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in October was only 14 days with the average sale price $2,112,235.00 (in September was $1,921,305.00). Price Received was 11% above the asking price.

 

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in October was 20 days with the average sale price $2,953,345.00 (in September was $2,991,900.00). 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).



Val Krysov
Real Estate Broker
CalBRE Lic 01847176
? 415-385-8949
?? ValKrysov@RealtyFinancial.com