The median sales price for single-family, re-sale homes rose 9.1% last year. The average sales price rose 11.1%. That’s ten years in a row home prices have been higher than the year before.
Back in 2011, the median sales price for homes was $690,000. The median price last year was $1,800,000.
Home sales were up 31.4%. There were 2,930 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, rose from 104.1% in 2020 to 110.3% last year.
The sales price to list price ratio for condos was up 3.4 points from 2020 to 104% from 100.6%.
The median sales price for re-sale condominiums was down 15%, while the average price fell 0.5%.
Condo sales were up 9.7% from 2020. There were 2,993 sales in 2020. The average since 2006 is 2,813.
With the continued diaspora out of Silicon Valley, we didn’t expect sales and prices to increase.
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 | |
| 2009 | $973,978 | $750,000 | 2,059 | 61 | 99.1% | 95.5% | |||
| 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% |
| 2020 | $2,062,840 | $1,650,000 | 2,229 | 27 | 104.1% | 101.8% | 2.2% | 3.1% | 2.8% |
| 2021 | $2,291,041 | $1,800,000 | 2,930 | 22 | 110.3% | 109.2% | 11.1% | 9.1% | 31.4% |
| San Francisco | |||||||||
| (Condos/Town Homes/Flats) | |||||||||
| Prices | Other | Percent Change | |||||||
| Average | Median | Sold | DOM | SP/LP | SP/OLP | Average | Median | Sold | |
| 2009 | $752,605 | $700,000 | 1,996 | 80 | 97.4% | 95.5% | |||
| 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% |
| 2020 | $1,337,904 | $1,400,000 | 2,735 | 42 | 100.6% | 97.7% | -1.5% | 1.4% | -3.3% |
| 2021 | $1,331,500 | $1,190,000 | 2,993 | 44 | 104.0% | 99.0% | -0.5% | -15.0% | 9.4% |
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