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.
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.
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