2020 Annual Real Estate Market Trends Report

Home Prices & Sales Rose in 2020

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%