Will it be a Sweet 16? 

SF 2011 - 2015 Stats      

If the past 5 years are any indication (they are) there will be continued property value growth with fewer properties traded faster. 

San Francisco’s real estate market is just starting to emerge from its hibernation but many folks and agents are still on vacation so it’s still early now but of the properties that have been advertised off-market appear to be picking up where last year’s summer pricing left off — in other words, strong. And despite how last fall seemed to tilt in the favor of buyers, 2015’s figures still showed a pro-seller bias because fewer houses sold for more money in a shorter amount of time. It’s much the same story for San Francisco Condominiums and TIC units: there were fewer sold in 2015 for more money in a shorter time. Take a look at what’s been happening in San Francisco since 2011. 

Single-Family Home Sales in San Francisco from 2011 to 2015 (as reported on the MLS)

 

Avg List 

Median List 

Avg Sale Pr 

Median Sale Pr 

Avg Mkt Days 

No. Sold

2011 

$956,484

$695,000 

$948,212 

$690,000 

63

2476

2012

$932,364

$649,900

$952,589

$675,500

57

3743

2013

$1,073,450

$749,000

$1,137,092

$810,000

38

3801

2014

$1,320,152

$899,900

$1,451,777

$1,075,000

31

2369

2015

$1,466,548 

$999,000

$1,637,196

$1,250,000

27

2286

Condos and TICs Sales Since 2011 

 

Avg List Pr 

Median List Pr 

Avg Sale Price 

Median Sale Pr

Avg Mkt Days 

No. Sold

2011 

$760,277

$636,944 

$742,073 

$629,000 

80 

2568

2012

$823,121

$729,000

$832,481

$744,000

57

2511

2013

$935,412

$799,000

$978,781

$850,000

38

2651

2014

$1,034,831

$880,000

$1,096,056

$941,750

36

3149

2015

$1,158,600 

$989,000

$1,242,889

$989,000

32

2867

Want to see how you’ll fit in the mix? Give Kevin and Jonathan a call today at (415) 297-7462 or (415) 215-4393 or leave us a message here.

How $9B is spent in SF

2015 Figures from San Francisco’s MLS still show that the bulk of the City’s housing transactions take place in the eastern areas of the City.

 

 

Kevin K. Ho, Esq. + Jonathan B McNarry
San Francisco Real Estate Experts
+1-415.297-7462 (Kevin)
+1-415.215.4393 (Jonathan)