The median sales price for single-family, re-sale homes rose 3.1% last year. The average sales price rose 2.2%. That’s nine 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 $1,650,000.
Home sales were up 2.8%. There were 2,229 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 108.8% in 2019 to 104.1% last year.
The sales price to list price ratio for condos was down 4 points from 2019 to 100.6% from 104.6%.
The median sales price for re-sale condominiums was up 1.4% while the average price fell 1.5%.
Condo sales were down 3.3% from 2019. There were 2,735 sales in 2020. The average since 2006 is 2,813.
With the 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 | |
| 2008 | $1,129,265 | $830,000 | 2,049 | 49 | 100.8% | 98.4% | |||
| 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% |
| 2020 | $2,062,840 | $1,650,000 | 2,229 | 27 | 104.1% | 101.8% | 2.2% | 3.1% | 2.8% |
| San Francisco | |||||||||
| (Condos/Town Homes/Flats) | |||||||||
| Prices | Other | Percent Change | |||||||
| Average | Median | Sold | DOM | SP/LP | SP/OLP | Average | Median | Sold | |
| 2008 | $857,146 | $785,000 | 2,152 | 61 | 99.8% | 98.4% | |||
| 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% |
| 2020 | $1,337,904 | $1,400,000 | 2,735 | 42 | 100.6% | 97.7% | -1.5% | 1.4% | -3.3% |
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