San Francisco Real Estate Market update



San Francisco - August 2016

The Real Estate Update

Zephyr Real Estate  

In the fast paced and ever changing world of San Francisco real estate, reviewing yearly market trends with monthly breakdowns is the most viable way of staying on top of the market. Monitoring yearly data enables buyers and sellers to fully understand where the market has been and where it is going.

Overall, the real estate market has achieved a “Soft Landing’ this year, with the best evidence of this being the modest increase in median sales price. Over the past twelve months, condo prices have increased by 2.76%, and single-family homes by 6.25%. On a month-to-month basis, condo prices have remained relatively constant, while the price of single-family homes has varied by as much as $235,000.

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SFR Median Sales


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Total Units Sold


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SFR % List Price Rcvd



Median Sales Price




Average Days on Market




# Units Sold




More Insights

Over the last 12 months, there has been a very slight increase in Days on Market. To a seller eager to sell their home, an increase in Days on Market sounds daunting, but in reality, it has only taken 7 more days to sell a condo and 4 more days to sell a single-family home. This directly reflects the fact that inventory has increased 29% for single-family homes and 56% for condominiums. This translates to an increase in the Month’s Supply of Inventory (MSI), a term statisticians use to tell us how long it would take to sell out our current inventory, with single-family homes at 2.2 months and condominiums at 2.5 months. An MSI of 4 – 6 is considered a balanced market, thus we are still experiencing a strong seller’s market.

When looking at statistics, seasonality always has to be considered. The market is more active in spring and fall, and slower in winter and summer. However, even considering seasonality, the difference between list price and sale price has tightened over the last 12 months. When compared to last July, the average list price/sale price ratio for single-family homes is down by 8 points and down 4 points for condominiums. Although inventory has increased July over July, the number of sales has decreased, which helps explain the modest increase in appreciation. (These increases, by the way, would be considered good in most parts of the country). This is further evidence of the soft landing we’re experiencing.


% List Price Received




Months Supply of Inventory




SFRs - For Sale vs Under Contract + Sold




Condos - For Sale vs Under Contract + Sold




Closer to Home

recent sales citywide


653 Dolores Street
San Francisco


3BR / 3BA

Sold at $6,100,000


751 Madrid Street
San Francisco


2BR / 2BA

Sold at $620,000


3959-3961 Washington Street
San Francisco


-BR / -BA

Sold at $4,995,000


210 Casitas Avenue
San Francisco


4BR / 3BA

Sold at $2,200,000


1415 Indiana Street #204
San Francisco


1BR / 2BA

Sold at $855,000


1674 26th Avenue
San Francisco


5BR / 3BA

Sold at $1,575,000


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David Ames
(415) 271-2071
CalBRE # 01265683


Data Source: San Francisco Association of Realtors Multiple Listing Service (SFAR MLS)




  David Ames 

  Top Producer

  (415) 271-2071

Comment balloon 1 commentDavid Ames • August 30 2016 12:40PM


David Ames These re very good real estate stats for San Francisco.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) almost 2 years ago

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