May 2017 San Francisco Metro Housing Update

There are currently 792 active homes for sale here in the San Francisco (as of May 6th) vs 733 the month before…
In the month of April there were a total of 452 home sales vs 485 the month before.
The average sales price for April was $1,591,932 (in March was $1,638,860).
Average days on market in San Francisco was 30 for the month of April (33 days for the month of March).

Average sale price for Single Family House in San Francisco in April of 2017 – $1,839,603.
Average sale price for Condo/Coop/TIC/Loft in San Francisco in April of 2017 – $1,278,316.
Average sale price for 2-4 Units in San Francisco in April of 2017 – $2,059,333.
Average sale price for 5+ units in San Francisco in April of 2017 – $2,190,945.

Inventory as of today – May, 6th – 792 properties for sale in San Francisco.
Single-Family Homes 220
Condo/Coop/TIC/Loft 412
2-4 Units 131
5+ units 29
total – 792.

The market has remained steady for some time now and continues to be a “Sellers” market…
There is currently about 1.75 month (almost 2 month) worth of inventory, meaning if there was not another home listed, it would take about month and half 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 April 2017 452
Sold in March 2017 485
Sold in February 2017 287
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

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