September 2017 San Francisco Metro Housing Update

There are currently 614 active homes for sale here in the San Francisco (as of September 5th) vs 667 the month before…
In the month of August there were a total of 440 home sales vs 467 the month before.
The average sales price for August of 2017 was $1,560,864 (in July was $1,600,943).
The average sales price for August of 2017 was $1,560,864 (in August of 2016 was $1,488,804).
Average days on market in San Francisco was 34 for the month of August (32 days for the month of July).
Average sale price for Single Family House in San Francisco in August of 2017 – $1,581,500 (in July was $1,776,385).
Average sale price for CondoCoopTICLoft in San Francisco in August of 2017 – $1,278,145 (in July was $1,259,622).
Average sale price for 2-4 Units in San Francisco in August of 2017 – $1,808,292 (in July was $2,126,948).
Average sale price for 5+ units in San Francisco in August of 2017 – $5,029,833 (in July was $3,350,778).
Inventory as of today – September, 5th – 614 properties for sale in San Francisco.
Single-Family Homes 149
CondoCoopTICLoft 344
2-4 Units 87
5+ units 34
total – 614.
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 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
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
All properties for sale in SF on September 2nd 2016 – 678
The average sales price for August of 2016 was $1,488,804
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
The average sales price for August of 2017 was $1,560,864 (in July was $1,600,943).

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