Statistical Tables |

Prices End Year on High Note

The median price of single-family, re-sale homes in San Francisco was up 31.7% year-over-year in December.

The median price of condos/townhomes gained 7.9% over last December.

Home sales plummeted 49.3% from last December and were down 8.0% for the year.

Condo/townhome sales were down 5.2% from last December and were down 3.5% for the year.

Multiple offers continue to be the norm. The sales price to list price ratio, or what buyers are paying over what sellers are asking remains at triple digits: 106.8% for homes and 102.4% for condos/townhomes.

The ratio has been over 100% for homes since December 2012 and for condos since February 2012.

Average days on market, the time it takes from when a property is listed for sale to when it goes under contract, was twenty-eight for homes and forth-four for condos/townhomes.

December Sales Statistics

Trends at a Glance
(Single-family Homes)
  Dec 17 Nov 17 Dec 16
Home Sales: 141 235 278
Median Price:  $1,475,000  $1,500,000  $1,155,000
Average Price:  $1,951,798  $1,771,937  $1,482,342
SP/LP: 106.8% 111.5% 107.4%
Days on Market: 28 26 43
(Lofts/Townhomes/TIC)
  Dec 17 Nov 17 Dec 16
Condo Sales: 237 268 250
Median Price:  $1,135,000  $1,247,500  $   925,000
Average Price:  $1,283,901  $1,384,788  $1,189,712
SP/LP: 102.4% 103.9% 101.3%
Days on Market: 44 36 48
Sales momentum…

for homes dropped another 8.6 points to –9.0. Sales momentum for condos/townhomes rose 0.7 of a point to –5.5.

Pricing momentum…

for single-family homes rose 2.2 points to +8.4. Pricing momentum for condos/lofts gained 2.8 points to +6.8.

Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.

This is an extraordinarily tough market for buyers. It's important to be calm and realistic. If you don't know what to do or where to begin, give me a call and let's discuss your situation and your options.

The graph below shows the median and average prices plus unit sales for homes.

The following chart shows the median price difference compared to the year before.

 

The graph below shows the median and average prices plus unit sales for condos/lofts.

The following chart shows the median price compared to the average price. The average price will always be more than the median price. The greater the difference, the more higher priced homes are being sold.

The real estate market is very hard to generalize. It is a market made up of many micro markets, especially in San Francisco. For complete information on a particular neighborhood or property, or for an evaluation of your home's worth, call me.

If I can help you devise a strategy, call or click the buying or selling link in the menu to the left.

Monthly Statistics

Complete monthly sales statistics for San Francisco are below. Monthly graphs are available for each district in the city by clicking the links to the left.

December Sales Statistics
(Single-family Homes)
  Prices Unit     Yearly Change Monthly Change
  Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco  $  1,475,000  $  1,951,798 141 28 106.8% 27.7% 31.7% -49.3% -1.7% 10.2% -40.0%
D1: Northwest  $  1,970,900  $  2,214,170 10 48 103.2% 13.0% 6.7% -50.0% 2.4% 14.2% -41.2%
D2: Central West  $  1,460,000  $  1,533,833 24 24 115.3% 23.5% 25.8% -29.4% 14.1% 13.0% -35.1%
D3: Southwest  $  1,210,000  $  1,206,000 8 19 119.7% -10.8% -6.7% -57.9% -6.9% -9.4% -52.9%
D4: Twin Peaks  $  1,575,250  $  1,856,987 19 24 109.8% 27.2% 21.6% -40.6% -0.6% 14.1% -48.6%
D5: Central  $  2,300,000  $  2,582,053 19 25 102.6% 21.1% 20.1% -56.8% -10.2% -0.8% -51.3%
D6: Central North  $  3,800,000  $  3,800,000 1 100 90.6% 56.7% 56.7% 0.0% 42.5% 49.2% -75.0%
D7: North  $  4,247,500  $  5,061,875 8 55 95.1% -32.6% -17.0% 33.3% 4.6% 13.6% -20.0%
D8: Northeast  $13,750,000  $13,750,000 1 0 0.0% 91.0% 91.0% 0.0% 422.3% 472.7% -66.7%
D9: Central East  $  1,579,500  $  1,612,222 18 20 113.3% 12.8% 11.7% -5.3% -3.4% -8.8% -21.7%
D10: Southeast  $  1,010,000  $  1,066,515 33 25 116.6% 19.2% 24.2% 3.1% 9.2% 10.4% -29.8%

 

December Sales Statistics
(Condos/TICs/Co-ops/Lofts)
  Prices Unit     Yearly Change Monthly Change
  Median Average Sales DOM SP/LP Median Average Sales Median Average Sales
San Francisco  $  1,135,000  $  1,283,901 237 44 102.4% 22.7% 7.9% -5.2% -9.0% -7.3% -11.6%
D1: Northwest  $  1,025,000  $  1,178,750 12 49 103.9% 6.2% -1.3% 33.3% -13.7% -6.5% -14.3%
D2: Central West  $  1,250,000  $  1,250,000 1 55 104.3% 38.9% 16.6% -85.7% 34.4% 25.4% -66.7%
D3: Southwest  $  1,332,326  $  1,335,815 4 14 86.9% 90.3% 54.2% 33.3% 54.0% 54.4% 100.0%
D4: Twin Peaks  $     832,500  $  1,003,500 8 50 106.1% 27.4% 53.6% 300.0% 36.5% 37.7% 100.0%
D5: Central  $  1,377,000  $  1,361,133 30 40 109.7% 10.2% 5.9% -26.8% -5.8% -7.9% -25.0%
D6: Central North  $  1,110,000  $  1,167,222 22 39 107.6% -1.3% 5.5% -45.0% -14.0% -10.6% -31.3%
D7: North  $  1,500,000  $  1,705,261 23 38 102.3% 7.9% 13.7% -28.1% -19.0% -26.3% -17.9%
D8: Northeast  $  1,185,000  $  1,395,556 34 55 0.0% 29.9% 27.1% -26.1% -1.3% -2.8% -24.4%
D9: Central East  $  1,065,000  $  1,208,289 95 43 101.3% 16.8% 19.9% 35.7% -8.1% 2.8% 1.1%
D10: Southeast  $     999,000  $     985,429 7 51 97.5% 24.6% 22.9% 250.0% 19.2% 20.8% 133.3%

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