November 2017 San Francisco Metro Housing Update

There are currently 819 active homes for sale here in the San Francisco (as of November 1st) vs 895 the month before…
In the month of October there were a total of 538 home sales vs 378 the month before.
The average sales price for October of 2017 was $1,696,176 (in September was $1,596,558).
The average sales price for October of 2017 was $1,696,176 (in October of 2016 was $1,529,949).
Average days on market in San Francisco was 29 for the month of October (39 days for the month of September).
Average sale price for Single Family House in San Francisco in October of 2017 – $2,115,954 (in September was $1,657,551).
Average sale price for CondoCoopTICLoft in San Francisco in October of 2017 – $1,287,677 (in September was $1,239,150).
Average sale price for 2-4 Units in San Francisco in October of 2017 – $1,985,793 (in September was $1,975,177).
Average sale price for 5+ units in San Francisco in October of 2017 – $3,704,444 (in September was $4,273,846).
Inventory as of today – November, 1st – 819 properties for sale in San Francisco.
Single-Family Homes 219
CondoCoopTICLoft 461
2-4 Units 100
5+ units 39
total – 819.
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 October 2017 538
Sold in September 2017 378
Sold in August 2017 440
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
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
All properties for sale in SF on September 2nd 2016 – 678
All properties for sale in SF on October 1st 2016 – 1015
All properties for sale in SF on November 3rd 2016 – 1318
The average sales price for October of 2016 was $1,529,949
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
All properties for sale in SF on September 5st 2017 – 614
All properties for sale in SF on October 3rd 2017 – 895
All properties for sale in SF on November 1st 2017 – 819
The average sales price for October of 2017 was $1,696,176 (in September was $1,596,558).

Leave a Reply

Your email address will not be published.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