February 2017 San Francisco Metro Housing Update

There are currently 561 active homes for sale here in the San Francisco (as of February 5th) vs 320 the month before...

In the month of January there were a total of 271 home sales vs 442 the month before.

The average sales price for January was $1,512,651 (in December was $1,578,661).

Average days on market in San Francisco was 53 for the month of January (49 days for the month of December).

Inventory as of today - February, 5th - 561 properties for sale in San Francisco.

Single-Family Homes       151

Condo/Coop/TIC/Loft     322

2-4 Units                              64

5+ units                                24

total -                                  561.

The market has remained steady for some time now and continues to be a "Sellers" market...

There is currently about 2 month worth of inventory, meaning if there was not another home listed, it would take about two month for all the current homes on the market to sell...

6 months of inventory is when it becomes a buyers market....

If you are thinking of selling anytime in the near future, now is the time to do so...

the good news for Home Sellers is there is a lot of demand for homes and now is a great time to sell if you are looking to get top dollar...

For Buyers, yes there are less homes available to sell, however interest rates are as low as we have ever seen so you are able to get more house for your money currently than you have been able to in the past and probably than we will be able to in the future...

I will continue to keep you updated and if you need anything please feel free to call or text me at 415-385-8949 or email me at .... anytime

Sold in San Francisco

Sold in January 2017               271

Sold in December 2016          442

Sold in November 2016          490

Sold in October 2016               646

Sold in September 2016          390

Sold in August 2016                  459

Sold in July 2016                        454

Sold in June 2016                      513

Sold in May 2016                       491

Sold in April 2016                      455

Sold in March 2016                   418

Sold in February 2016              283

Sold in January 2016                 288