May 2016 San Francisco Real Estate

The market is shifting fast….
In the last 30 days we have had approx 17% spike in number of listings hit the market, that is up 122 from the month before…
there are currently 839 active homes for sale here in the San Francisco…
In the month of April there were a total of 455 home sales which is UP 9% from the month before.
The average sales price for April was $1,642,290 (in March was $1,561,304) with the average listing price $1,531,430 (in March was $1,460,064).
So the average Sales Price in San Francisco still approx 5% higher than the month before and 7% higher than the Listing Price.
Average days on market in San Francisco was 37 for the month of April (29 days for the month of March).
Inventory as of today – May, 5th 839 properties for sale in San Francisco (vs 717 on April 4th).
Single-Family Homes 278
Condo/Coop/TIC/Loft 432
2-4 Units 101
5+ units 28
total – 839.

The good news is if you are a home owner – we are still in a Sellers Market so there are an abundance of Buyers out there right now, but that is shifting fast, so you need to act fast and I would recommend listing your home now instead of waiting if you want to get top dollar.
For Buyers, loan rates are still at all time lows and now is a great time to buy.
If you have any questions or need anything please feel free to call, text or email anytime.
Sold in San Francisco
Sold in April 2016 455
Sold in March 2016 418
Sold in February 2016 283
Sold in January 2016 288
Sold in December of 2015 471
Sold in November of 2015 391
Sold in October of 2015 504
Sold in September of 2015 352
Sold in August of 2015 442
Sold in July of 2015 547
Sold in June of 2015 567

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