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May 2013 Report
San Francisco Real Estate Market Update for April 2013

For a list of past market reports click here

The number of homes in the Overall Sales category sold in April more than they were in March and more than a year ago in the San Francisco Real Estate Market. All categories we track sold for more than 100% of the asking price, on average. Average days on the market also dropped significantly.

What do these numbers all mean? For the twenty-fourth time in the last twenty-six months, single family homes under $2M sold for MORE than the asking price, on average. In fact, all the other categories did as well. We have a lot of buyers but not much inventory which would indicate that multiple offers are driving up the selling price. Shorter average days on the market suggest that either financing is getting easier or more people are paying all cash. No matter how you slice it, the San Francisco real estate market is strong!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.

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April sales history is now online.

April 2013 **

Property Type Sold

Avg Listing
Price

Avg Selling
Price
% Sales Price versus Listing Avg Days on Market
Single Family $2M & Over 36 $3,215,139 $3,309,181 102.92% 23
Single Family Under $2M 225 $979,831 $1,033,090 105.44% 37
Condominium+ 209 $891,341 $931,868 104.55%
36
Loft Condo 20 $761,175 $802,638 105.45% 33
Co-op 4 $2,326,250 $2,375,000 102.10% 15
TIC 33 $660,118 $684,591 103.71% 49
ALL * 538 $1,122,898 $1,198,958 106.77% 36

March 2013 **

Property Type Sold

Avg Listing
Price

Avg Selling
Price
% Sales Price versus Listing Avg Days on Market
Single Family $2M & Over 33 $3,410,394 $3,436,000 100.75% 37
Single Family Under $2M 150 $829,974 $919,473 110.78% 38
Condominium+ 209 $891,341 $931,868 104.55%
36
Loft Condo 16 $777,625 $802,250 103.17% 40
Co-op 7 $2,194,555 $2,226,857 101.47% 44
TIC 27 $785,889 $815,233 103.73% 87
ALL * 498 $1,116,746 $1,174,210 105.15% 45

April 2012 **

Property Type Sold

Avg Listing
Price

Avg Selling
Price
% Sales Price versus Listing Avg Days on Market
Single Family $2M & Over 17 $3,775,588 $3,778,378 100.07% 36
Single Family Under $2M 182 $800,799 $828,698 103.48% 55
Condominium+ 214 $772,418 $777,568 101.96%
69
Loft Condo 14 $744,714 $751,032 100.85% 34
Co-op 7 $1,518,714 $1,439,857 94.81% 70
TIC 23 $575,913 $579,256 100.58% 79
ALL * 508 $944,052 $958,688 101.55% 61

* Includes Single Family Homes, Condo/Coop/TIC and Loft, 2-4 Units, and 5+ Units.
** Figures subject to change as Multiple Listing Service is updated.
+ Formerly, condominium statistics included condos, co-op, lofts and TICs.

Realtor.com is the official site of the National Association of RealtorsŪ (NAR) and is a search engine for real estate nationwide. Realtor.com has all of San Francisco's listed homes and condominiums.