San Francisco » March 2017

The Real Estate Update

Zephyr Real Estate  
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The median sales price for condos and single-family homes (SFH) both show substantial appreciation over the last five years. The greater increase, however, occurs with SFH, while the rate for condos leveled off in 2015. The corresponding charts on inventory, closed units and percent of list price received further validate this difference.

The continued rise in prices for single family homes corresponds directly to the decline in inventory over the past six years, which puts a great deal of pressure on the market. Charts for condos tell a different story. Closed units have actually decreased while the inventory has remained steady. In the MLS, the sources for all our charts, condo inventory and closed units don’t include new construction, which, to some extent, explains the decrease in closed units.

 
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SFR Median Sales Price

$1.27M

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Avg. Days on Market

42.3

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# Homes/Condos Sold

230

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% List Price Rec'd SFR

109%

 
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# Listings Taken: 6-Year Overview

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%

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SFH: Listings v. Closings

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Condos: Listings v. Closings

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Here’s one statistic both SFH and condos have in common: percent of list price received. Both have seen a decline of nearly five points, although SFH received a median of 109.2 percent over list, condos are at 101.5 percent. Among other things, this could simply reflect a difference in pricing strategy.

As is always the case, real estate is incredibly nuanced. What’s true for the City as a whole could be a very different picture in an individual neighborhood. It’s always critical to look at data specific to your area, property and the current on-market competition to determine the outlook for a particular home.

 
 

SFH: Median Sales Price

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Condos: Median Sales Price

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SFH: % List Price Received

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Condos: % List Price Received

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Closer to Home

recent sales citywide

 
 
163 28th Street
San Francisco

$1,495,000

3BR / 1BA

Sold at $1,910,000

 
11 Otsego
San Francisco

$999,000

3BR / 1BA

Sold at $1,410,000

 
52 Linda Street
San Francisco

$749,000

1BR / 1BA

Sold at $1,003,000

 
 
 
259 Lexington Street
San Francisco

$1,295,000

2BR / 2BA

Sold at $1,600,000

 
736 Valencia Street
San Francisco

$2,085,000

2BR / 2BA

Sold at $2,085,000

 
1601 Pacific Avenue
San Francisco

$1,625,000

2BR / 2BA

Sold at $1,750,000

 
 
 
 

Newest Listings »

 
 

Recent Sales »

 
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Bobbi and Suhl
415.305.5431
bobbiandsuhl@zephyrsf.com
LIC# 01346397
Suhl Chin
415.265.1039
bobbiandsuhl@zephyrsf.com
LIC# 01179927

ZephyrRE.com

 
 

Data Source: San Francisco Association of Realtors Multiple Listing Service (SFAR MLS)