2019 Annual Real Estate Market Trends Report

Home Prices Up, Sales Down in 2019

The median sales price for single-family, re-sale homes was flat at $1,600,000. The average sales price rose 2.3%.

Home sales, on the other hand, were down 2.4%. There were 2,169 homes sold. The average since 2006 is 2,562.

The sales price to list price ratio, or what buyers paid divided by what sellers were asking, dropped from 111% in 2018 to 108.8% last year.

Condo statistics show similar trends.

The sales price to list price ratio was down 0.7 of a point from 2018 to 104.6% from 105.3%.

The median sales price for re-sale condominiums was up 2.2% while the average price gained 2.6%.

Condo sales were down 5.8% from 2019. There were 2,828 sales in 2019. The average since 2006 is 2,813.

Although prices were up year-over-year, the gains were minimal compared to the double digit increases in 2018.

The sales price to list price ratio for homes ended the year at 105.1%.

For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis.

P.S. To see the annual trend charts and tables for the individual districts in San Francisco, click on the desired district in the menu to the left.

San Francisco
(Single Family Homes)
Year Prices Other   Percent Change
Average Median Sold DOM SP/LP SP/OLP Average Median Sold
2007 $1,205,997 $900,000 2,215 41 103.3% 101.7%      
2008 $1,129,265 $830,000 2,049 49 100.8% 98.4% -6.4% -7.8% -7.5%
2009 $973,978 $750,000 2,059 61 99.1% 95.5% -13.8% -9.6% 0.5%
2010 $986,336 $745,000 2,355 59 99.4% 96.8% 1.3% -0.7% 14.4%
2011 $948,797 $690,000 2,473 63 99.1% 90.4% -3.8% -7.4% 5.0%
2012 $1,107,685 $762,000 2,613 53 102.3% 92.4% 16.7% 10.4% 5.7%
2013 $1,295,089 $915,000 2,632 35 106.9% 105.2% 16.9% 20.1% 0.7%
2014 $1,444,800 $1,071,000 2,405 31 109.9% 109.0% 11.6% 17.0% -8.6%
2015 $1,634,433 $1,250,000 2,297 27 111.6% 110.6% 13.1% 16.7% -4.5%
2016 $1,709,160 $1,326,500 2,206 32 107.6% 106.3% 4.6% 6.1% -4.0%
2017 $1,781,483 $1,420,000 2,269 27 110.5% 109.3% 4.2% 7.0% 2.9%
2018 $1,972,999 $1,600,000 2,222 23 111.0% 110.2% 10.8% 12.7% -2.1%
2019 $2,017,981 $1,600,000 2,169 25 108.8% 103.6% 2.3% 0.0% -2.4%

San Francisco
(Condos/Town Homes/Flats)
  Prices Other   Percent Change
Average Median Sold DOM SP/LP SP/OLP Average Median Sold
2007 $838,490 $804,500 2,880 49 101.6% 100.6%      
2008 $857,146 $785,000 2,152 61 99.8% 98.4% 2.2% -2.4% -25.3%
2009 $752,605 $700,000 1,996 80 97.4% 95.5% -12.2% -10.8% -7.2%
2010 $734,422 $690,000 2,364 79 97.8% 96.8% -2.4% -1.4% 18.4%
2011 $742,401 $655,000 2,566 80 97.6% 92.2% 1.1% -5.1% 8.5%
2012 $820,267 $735,000 3,142 62 101.0% 96.1% 10.5% 12.2% 22.4%
2013 $960,805 $850,000 2,999 41 104.5% 103.9% 17.1% 15.6% -4.6%
2014 $1,096,056 $941,750 3,149 36 105.9% 104.7% 14.1% 10.8% 5.0%
2015 $1,242,441 $1,150,000 2,880 32 107.2% 106.6% 13.4% 22.1% -8.5%
2016 $1,233,931 $1,195,000 2,776 39 103.7% 102.4% -0.7% 3.9% -3.6%
2017 $1,295,038 $1,250,000 2,894 37 103.9% 102.8% 5.0% 4.6% 4.3%
2018 $1,323,144 $1,350,000 3,001 32 105.3% 104.3% 2.2% 8.0% 3.7%
2019 $1,357,803 $1,380,000 2,828 35 104.6% 103.3% 2.6% 2.2% -5.8%