September 2016 San Francisco Metro Housing Update

There are currently 678 active homes for sale here in the San Francisco…
In the month of August there were a total of 459 home sales which is practically the same as a the month before (454).
The average sales price for August was $1,488,804 (in July was $1,542,019).
So the average Sales Price in San Francisco is approx 3.5% LOWER than the month before.
Average days on market in San Francisco was 43 for the month of August (38 days for the month of July).
Inventory as of today – September, 2nd 678 properties for sale in San Francisco.
Single-Family Homes 198
Condo/Coop/TIC/Loft 344
2-4 Units 96
5+ units 40
total – 678.

Sold in July total 459.
The market has remained steady for some time now and continues to be a “Sellers” market…
There is currently only 2 months worth of inventory, meaning if there was not another home listed, it would take 1.5 months 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, as if this trend continues you will lose equity….
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 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
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