san francisco real estate market trends: October 2020 San Francisco Real Estate Market Update - 11/13/20 03:46 PM
While median pricing for both single family homes and condos fell in October, there were some glimmers of light in the month's data. For one, fewer new listings came on-market  and there were fewer active listings at the end of the month compared to September 2020. This could help stabilize the market a bit, particularly the condo market, as existing inventory sells through. Months supply of inventory also decreased compared to last month, though continues well above what we've become used to here in San Francisco.
These numbers, though, are still up compared to October 2019. That's because like everything else 2020, … (0 comments)

san francisco real estate market trends: July 2020 San Francisco Real Estate Market Update - 08/26/20 11:22 AM
 Median prices were up year-over-year in July, showing San Francisco real estate continues to be a healthy market albeit not has "gangbusters" as we've seen in years past. After years of weak inventory we're seeing an influx of new listings particularly in the condo market, with some neighborhoods seeing buyers market levels of inventory available. Currently it's a mixed market with both prices and inventory rising, and single family homes seeing greater demand than condos. See all the stats below.
 
Median Sales Price:
Home sales overall rose in July compared to the same month last year. The median sales price for a single … (1 comments)

san francisco real estate market trends: June 2020 San Francisco Real Estate Market Update - 07/20/20 02:12 PM
June statistics show that after a so-so May San Francisco real estate revived a bit, particularly with single family homes which hit a new median price high. Condos and lofts prices also lifted compared to May, but are still down compared to last year. Dirt-cheap interest rates continue to drive buyer demand, and create an excellent opportunity for buyers who are ready and able to jump into the market. Interest rates have great impact on buying power, the amount of a loan buyers can qualify for.
Overall, inventory has increased with months supply of inventory reaching it's highest levels since 2011. That … (2 comments)

san francisco real estate market trends: April 2020 San Francisco Real Estate Market Update - 04/21/20 11:20 AM
As we move into month 2 of the Coronavirus shelter-in-place, real estate in San Francisco and the Bay Area continues to chug along, albeit in a much more limited way. The following statistics represent the market in March. So sales statistics are based on properties that were mostly in escrow prior or just as the shelter-in-place order was given to start on March 17th. Therefore we're not going to see any statistics reflecting how pricing was effected by the shelter, if it was at all, until next month or the month after. However, what we can see from these numbers is … (2 comments)

san francisco real estate market trends: January 2020 Real Estate Market Update - 2019 Wrap-Up - 01/14/20 03:25 PM
Happy New Year!!
As we dive full-force into 2020 here's a quick look back at how the San Francisco real estate market fared in 2019. Prices grew, though not as dramatically as in previous years. Inventory continued to be an impediment with fewer new listings than the previous year. That, combined with buyer demand, contributed to homes still selling quickly with many selling for over their listing price.
The past several years has seen a crazy real estate market with eye-popping price increases, but it is possible that trajectory is now slowing. Still, expect next year to be another healthy year for San … (3 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update: November 2019 - 12/01/19 05:30 PM
October began with a slight "chill" in the air. Not the temperature, but a feeling like perhaps the real estate market was slipping a bit. September brought it's usual influx of new listings (though not as many as the previous year) and while the market was moving it started to feel that things were stalling a bit. Many properties sold quickly with multiple offers but others were taking a bit longer.
And yet, the market continued to chug along. Sellers are selling and buyers are buying. And as the statistics for the month show, the San Francisco real estate market continues … (1 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update: October 2019 - 10/21/19 02:13 PM
There's been a lot of chatter about the softening of the San Francisco real estate market, particularly in the past couple of months. The good news, though, is that buyers are still buying and sellers are still selling. Interest rates remain incredibly low and people still want to own a piece of this beautiful city.
The San Francisco market continues to see sales price growth, though perhaps more modest than what we've seen in recent years even including the solid growth of the market this past Spring. It's important to note, though, that real estate is both cyclical and seasonal. A cycle … (5 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - March 2019 - 03/14/19 11:05 AM
We are in full swing for the 2019 San Francisco real estate market. Median sales prices ticked up compared to last month, though single family home prices were down compared to the same month last year. Inventory is again anemic with fewer new listings than last month or last year. The average days on market are also shortening compared to January , though they are still longer than what we saw for most of last year. Check out all of the February stats below!
 
Median Sales Price:
The median sales price for a single family home shot back up to over $1.5 million, … (3 comments)

san francisco real estate market trends: San Francisco Economic and Real Estate 2019 Forecast - 02/13/19 07:51 PM
Last week I had the opportunity to attend a seminar hosted by the San Francisco Women's Council of Realtors that featured an amazing panel of local pros:
Patrick Carlisle, Compass Chief Market Analyst, Compass Paul Zeger, Partner at Polaris Pacific Gary Slossberg, Senior Economist at Wells Capital Management, Inc. Research Division  The focus of this moderated panel discussion was to examine the current and forecasted Bay Area economy and real estate market for 2019. It was a very instructive event, so I thought I would share some of the highlights.
 
On 2018:
The panel was asked to describe 2018 in a few words. … (1 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - February 2019 - 02/13/19 12:10 PM
January sales are typically among the lowest of the year. That is because in real estate, the data is the result of what the market looked like 30-45 days prior. So January sales reflect what was happening and on the market in late November and December. In these months, sales are slower as sellers hold off until after the holidays, particularly in the higher-priced luxury market, and many buyers take a break as well.
The good news is that so far February seems to be picking up. We've gotten more inventory on the market and judging from the open houses I've hosted … (1 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - January 2019 - 01/17/19 05:27 PM
2018 Wrap-Up
 
Generally speaking, San Francisco home sellers did quite well in 2018. The median price for single family homes grew 13% year over year, and condos and lofts median prices grew almost 5%. Homes sold rather quickly and most for more than their list price. Here's how the year shook out:
 
Median Sales Price:
The median sales price for 2018 reached $1.6 million, up 13% compared to last year as previously stated. The almost 5% bump for condos and lofts brought their median price to just over $1.2 million.
Average Days on Market :
Thanks to continued anemic inventory available, homes in 2018 … (4 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - November 2018 - 11/20/18 05:25 PM
Inventory continued to be strong in October although some...but not all...homes were stitting on the market longer than in months past. The majority of homes are still selling for over their list price, though the percentage over that price is less than we've seen previously. This is particularly true for single family homes, which for many months have seen great comeptition. In October the months supply of inventory for single family homes reached 2 1/2 months, which was lower than the previous month but still up double digits compared to the same month last year.
This may be the result of … (1 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - October 2018 - 10/29/18 04:24 PM
 Is the tide turning? After years of consistent and exponential growth the market has taken a bit of a pause. Whether it's a market shift is yet to be seen, but there has definitely been some change in the air as some properties are selling quickly with multiple offers, while others are languishing on the market longer and even taking price reductions. . This could be a variety of reasons. Interest rates have gone up and prices may be increasing to a level that disqualifies buyers from getting in the market. Buyers are exhausted after years of having to compete for … (0 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - Sept 2018 - 09/28/18 01:08 PM
Traditionally, August is among the slowest months in San Francisco Real Estate. Buyers take off on holiday in search of warmer weather while sellers hold off if possible until putting their home on the market for the Fall selling season. Over the past several years, buyer demand has kept the market aloft during summer months, but this year there did seem to be a slight cooling. Prices for single family homes actually decreased slightly (though condo/ loft prices were up), and while the majority of homes sold for over their asking price buyers weren't willing to pony up as much as … (2 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - August 2018 - 08/19/18 12:25 PM
 In spite of being in the "slower" summer months, the San Francisco real estate market continued to tick on at a fairly steady pace in July. Median prices rose slightly compared to June. There was less inventory than in any previous July in the past decade, so unsurprisingly the majority of single family homes and well over half of condos and lofts sold for over their list price. Homes are selling quickly, in under a month, and the supply of inventory is low.
Check out all of the details in the charts below.
 
Median Sales Price:
Single family homes jumped again in July to … (1 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - July 2018 - 07/25/18 02:42 PM
 We are officially in what we call the Summer Doldrums. Whereas in other parts of the country, summer is one of the busiest months for real estate here in San Francisco it is among the lightest, with only the holiday season being slower. Perhaps it's the fog and chillier weather that compels people to get out of the city in search of summer heat. Whatever the reason, keep this in mind while reading some of the below statistics.
 
Median Sales Price:
Median prices for single family homes remained relatively flat in June, though they rose 11% compared to the same month last … (1 comments)

san francisco real estate market trends: San Francisco Real Estate Market Update - May 2018 - 05/18/18 03:03 PM
 After months of hearing that interest rates were expected to rise, we are now seeing that come to fruition. Last week the 30-year fixed rate hit the highest it has been in 7 years. Rates have since fluctuated a bit (for example, on the morning of this writing they went down). Still, overall, most are expecting rates to continue to rise. This doesn't seem to have affected buyer activity thus far, but a 1/2 or full point on a mortgage can make a big difference, so that may change if rates continue to climb.
 
Here are the numbers for April:
 
Median Sales Price: … (1 comments)