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.
Mortgage rates are always changing. Check out our weekly mortgage update which is posted on our blog.
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April sales history is now online.
| Property Type | Sold | Avg Listing |
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 |
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 |
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.
