State of the Market – San Francisco August 2019

Average sale price for a Single Family Home in San Francisco in July 2019 was $1,967,250 vs June of 2019 – $2,190,236. Average selling PRICE per SQFT $1,037,78. Avg Days on Market 22.99.

Average sale price for the Condo/Coop/TIC/Loft in San Francisco in July 2019 was $1,325,499 vs June of 2019 – $1,444,605. Average selling PRICE per SQFT $1,164,93.Avg Days on Market 32.13.

Average sale price for 2-4 Units in San Francisco in July 2019 was $2,349,615 vs June of 2019 – $2,179,046. Average selling PRICE per SQFT $784,16. Avg Days on Market 45.27.

Average sale price for 5+ units in San Francisco in July 2019 was $5,233,632 vs June of 2019 – $4,813,986. Average selling PRICE per SQFT $523,21. Avg Days on Market 72.79.

There are currently 722 active homes for sale in San Francisco as of August 4, 2019 vs 731 active homes the month prior.
All the properties Sold in July 2019 – 509
All the properties Sold in July 2018 – 488.

Inventory of properties for sale in San Francisco as of August 4, 2019 = 722
Single-Family Homes = 188
Condo/Coop/TIC/Loft = 387
2-4 Units = 102
5+ units = 45
There is currently 1.5 month worth of inventory, meaning if there was not another home listed, it would take just about 1.5 month 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.

Out of 206 Single Family Houses sold in San Francisco in July of 2019,
25 sold below asking price,
11 for asking price and
170 sold for over asking price.
4 for over $500,000,
4 for over $600,000,
3 for over $700,000,
1 for over $800,000,
1 for $1,270,000 over asking price,
1 for $1,825,000 over asking price.

Example property sold over asking.
3363 Washingron St San Francisco CA 94118
7 – Presidio Heights
6 bed
5.5 bath
3915 sqft
1900 built
4725 sqft Lot Size
List price – $4,995,000
Sold Price – $6,820,000
Difference- $1,825,000

1517 Shrader St San Francisco CA 94117
5 – Cole Valley/Parnassus
3 bed
2 bath
2430 sqft
1912 built
4312 sqft Lot Size
List price – $2,680,000
Sold Price – $3,950,000
Difference- $1,270,000

📞 415-385-8949
✉️ ValKrysov@RealtyFinancial.com
🖥 RealtyFinancial.com
Real Estate Broker
CalBRE Lic 01847176
#SFCityRealtor #SanFrancisco #RealEstate #Peninsula #BayArea #SiliconValley #Realtor

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