March 2017 San Francisco Metro Housing Update

There are currently 650 active homes for sale here in the San Francisco (as of March 5th) vs 561 the month before... 

In the month of February there were a total of 287 home sales vs 271 the month before. 

The average sales price for February was $1,587,742 (in January was $1,512,651). 

Average days on market in San Francisco was 41 for the month of February (53 days for the month of January).

Inventory as of today - March, 5th - 650 properties for sale in San Francisco.

Single-Family Homes        195

Condo/Coop/TIC/Loft        351

2-4 Units                               77

5+ units                                27

total -                                  650.

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 February 2017287

Sold in January 2017271

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