All the data that’s fit to syndicate:
Click below for live median sale price data sorted by San Francisco’s real estate districts. The data stream is constantly updated.
Our market’s growth recovered after its low of 2011/2012 and has averaged a 6-7% growth rate over the last 30 years. As of 2020, we’re seeing the following:
- Prices for iconic neighborhoods on the north side are always strong, but the luxury, ultra-high-end properties ($10 million or above) are taking longer to sell. But when properties sell up north they usually start in the $1,500/sqft+ range — all the way up to well past $2,000/sqft range.
- Prices show that inventory is still tight for the middle districts (all the Valleys — Cole, Hayes, Eureka, Noe, the Haight, Mission Dolores, Duboce Triangle, Glen Park, Potrero, Bernal Heights with average prices starting in the $1,100+/sqft range
- More residential neighborhoods — i.e., where single-family houses dominate, the Sunset, Richmond, Excelsior — were seeing lots of buyers out at open houses with multiple offers for fixers, done-up houses, etc. Price ranges vary far more because of the sheer number of houses and the finish level variation you would expect to find — anywhere from $800/sqft up to $1,500/sqft+ The closer a property is to the central core (the Inner Sunset, Inner Richmond, West Portal, Inner Parkside) the more expensive.
- Luxury/high rise living is still strong in the South Beach/Rincon/Mission Bay area with sales take a little longer than houses but prices staying consistent with gradual appreciation.
- COVID-19 — San Francisco was one of the first places to issue a shelter-in-place order in mid-March. As a response, available inventory declined by 50%. That said, ‘off-market’ statuses like ‘coming soon’ and ‘hold’ have swelled on the MLS. These are agent-only statuses not available for public consumption. Similarly, off-market venues like Top Agent Network and Aalto (which were to be disrupted by MLS rule changes in April/May 2020), have seen a marked increase in usage and listings. Watch Kevin discuss the methods and prospects for buyers and sellers in San Francisco on the evening news here.
- As previous pandemics have shown (the Spanish flu in 1918, another in the 1950s and, more recently, with SARS), a recent Zillow study of historic real estate sales data show that the number of transactions will decline (obviously) but home prices stay consistent so by when the all-clear is given the real estate market will pick up where it left off. Therefore, hold onto your seats for a busy summer and fall 2020.
What other trends do you see? Is there something you want us to research? Let us know and we will talk it over with you.