San Francisco Real Estate : David Ames, San Francisco (Zephyr Real Estate, San Francisco)

San Francisco Real Estate Blog... Recent sales, Active listings, plus News, Tips, and Trends in the current market.

San Francisco Summer 2017 Real Estate Update

To the dismay of buyers and agents alike, San Francisco continues a downward trend in available properties. Though some companies predicted a resurgence of condo listings, new condo listings have decreased by 21.96% since the second quarter of 2014. New single-family home listings have decreased by a slightly less disturbing 12.39%. The “Month’s Supply of Inventory” numbers illuminate the hard truth: numbers for both condos and single-family homes are down over 25%. To any homeowners out there, now might be a good time to consider selling.  Single Family homes priced under $3.5m in the right location are a hot ticket right now, and tough to find.

The San Francisco Market seems in transition right now. We see this transitional nature when we examine the median sales price (MSP) over the last five years as compared to a “snapshot” of the MSP over the past two years. Between 2012 and 2017, appreciation is high; condos have appreciated 58.83% and single-family homes have appreciated 88.31%. The “snapshot” MSP, however, tells a different tale. From the second quarter of 2015 to the same time in 2017, condo prices only increased 2.22%; single-family homes, on the other hand, scored a healthy 10.26% increase. While single-family homes continue to appreciate immensely, condo appreciation has slowed in the last two years.

EXPERT FUN FACT: The “snapshot” of single-family home appreciation gained most of that impressive 10.26% in the second quarter of this year.

 

Closer to Home

recent sales citywide

 
 

670 Mangels Avenue
San Francisco

$995,000

2BR / 1BA

Sold at $870,000

 

451 Kansas Street
San Francisco

$765,000

1BR / 1BA

Sold at $765,000

 

670 Mangels
San Francisco

$995,000

2BR / 1BA

Sold at $870,000

 
 
 

2331 16th
San Francisco

$1,595,000

4BR / 4BA

Sold at $1,930,000

 

2331 16th Avenue
San Francisco

$1,595,000

4BR / 4BA

Sold at $1,930,000

 

1230 Clay Street
San Francisco

$1,250,000

1BR / 1BA

Sold at $1,250,000

 
 
 
 

Newest Listings »

 
 

Recent Sales »

 

 

  David Ames 

  Top Producer 

 

  DavidAmes@zephyrsf.com

  (415) 271-2071

Comment balloon 4 commentsDavid Ames • July 28 2017 06:04PM
San Francisco Summer 2017 Real Estate Update
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