August 2017 San Francisco Metro Housing Update

There are currently 667 active homes for sale here in the San Francisco (as of August 3rd) vs 652 the month before…

In the month of July there were a total of 467 home sales vs 562 the month before.

The average sales price for July of 2017 was $1,600,943 (in June was $1,723,949).
The average sales price for July of 2017 was $1,600,943 (in July of 2016 was $1,542,019).

Average days on market in San Francisco was 32 for the month of July (35 days for the month of June).
Average sale price for Single Family House in San Francisco in July of 2017 – $1,776,385 (in June was $1,752,827).
Average sale price for Condo/Coop/TIC/Loft in San Francisco in July of 2017 – $1,259,622 (in June was $1,395,798).
Average sale price for 2-4 Units in San Francisco in July of 2017 – $2,126,948 (in June was $2,157,368).
Average sale price for 5+ units in San Francisco in July of 2017 – $3,350,778 (in June was $5,469,278).

Inventory as of today – August, 3rd – 667 properties for sale in San Francisco.
Single-Family Homes 182
Condo/Coop/TIC/Loft 359
2-4 Units 99
5+ units 27
total – 667.

The market has remained steady for some time now and continues to be a “Sellers” market…

There is currently about 1.5 month worth of inventory, meaning if there was not another home listed, it would take about one 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 July 2017 467
Sold in June 2017 562
Sold in May 2017 502
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
Sold in January 2016 288

2016
All properties for sale in SF on April 5th 2016 – 717
All properties for sale in SF on May 5th 2016 – 839
All properties for sale in SF on June 4th 2016 – 888
All properties for sale in SF on July 1st 2016 – 853
All properties for sale in SF on August 1st 2016 – 827
The average sales price for July of 2016 was $1,542,019.

2017
All properties for sale in SF on April 5th 2017 – 733
All properties for sale in SF on May 5th 2017 – 792
All properties for sale in SF on June 3rd 2017 – 814
All properties for sale in SF on July 5th 2017 – 652
All properties for sale in SF on August 3rd 2017 – 667
The average sales price for July of 2017 was $1,600,943 (in June was $1,723,949).
RealtyFinancial.com
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