Just as difficult 2020 was, it’s just as difficult to put it into words. So just as the Harper’s Index is a thing, here’s Raffi’s take on 2020’s housing market in San Francisco:
Number of closed San Francisco property sales (houses, condos, TICS, co-ops, 2-4 unit buildings) as reported on the Multiple Listing Service in 2019: 5,470.
In 2020: 5,245.
Factor increase of canceled listings reported on the San Francisco MLS from 2019 to 2020: +1.78
Number of times the term “reduced,” (or similar variant) used in MLS agent or property marketing comments in 2019: 148.
In 2020: 222.
Number of times the word “mask,” appeared in the MLS for homes that sold in 2019: 1 (reference to a Castro district house with a Victorian façade that masked a modern house behind).
In 2020: 301.
Minimum number of times the term “PEAD,” (the disclosure form required to visit properties during the pandemic) appears in all agent comments for properties listed on the MLS in 2020: 2,394.
In days, median time a property on the market before an offer was accepted in 2019: 17.
In 2020: 22.
Decrease in volume of MLS-reported sales volume of existing property sales from 2019 to 2020: -$343,902,822 ($8.9 billion total).
On a square foot basis, median sale price for properties reported sold in the MLS selling in 2019: $986. For properties selling in 2020: $983.
Difference between the two years: -$3.
We have plenty more where this came from.
Hi, we’re Kevin Ho and Jonathan McNarry of Vanguard Properties in San Francisco, California. We’re partners in life and in business. Together with our big black Labrador retriever, Raffi, we are top producing Realtors in San Francisco’s competitive and valuable residential real estate market.
We truly love what we do and are passionately committed to our clients, their needs and advancing their interests. We represent both buyers and sellers with many repeat clients but we are always expanding our client base. Our belief is that by working with you you will make better informed decisions in this most important of areas of life.
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Kevin K. Ho, DRE 01875957/SBN 233408
Jonathan B. McNarry, DRE 01747295
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555 Castro Street, San Francisco, CA 94114
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