June 2017 San Francisco Metro Housing Update

What is going on in San Francisco Real Estate today?

There are currently 815 active homes for sale here in the San Francisco (as of June 5th) vs 792 the month before…

In the month of May there were a total of 502 home sales vs 452 the month before.
The average sales price for May of 2017 was $1,640,678 (in April was $1,591,932).
The average sales price for May of 2017 was $1,640,678 (May of 2016 was $1,541,094).
The average sales price for May of 2017 was about 7.5% MORE that the listing price.

Average days on market in San Francisco was 29 for the month of May (30 days for the month of April).

Average sale price for Single Family House in San Francisco in May of 2017 – $1,847,339 (in April was $1,839,603).
Average sale price for Condo/Coop/TIC/Loft in San Francisco in May of 2017 – $1,362,753 (in April was $1,278,316).
Average sale price for 2-4 Units in San Francisco in May of 2017 – $1,978,671 (in April was $2,059,333).
Average sale price for 5+ units in San Francisco in May of 2017 – $3,486,300 (in April was $2,190,945).

Inventory as of today – June, 5th – 815 properties for sale in San Francisco.

Single-Family Homes 237
Condo/Coop/TIC/Loft 427
2-4 Units 119
5+ units 32
total – 815.

The market has remained steady for some time now and continues to be a “Sellers” market…
There is currently about 1.63 month (almost 1.5 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 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

Leave a Reply

Your email address will not be published. Required fields are marked *