AUGUST 2021 WRAP-UP The relative summer doldrums continued across the city last month; The number of homes going into contract, as well as those that actually recorded sale, have been slowly declining since June. However, we expect these numbers to begin to reverse this month, based on seasonality data, which typically plays an enormous role in the ebb and flow of supply and demand within real estate markets. Single family homes recorded an impressive gain of 13.8 percent in regards to median sale price. The median days on market remained at parity with last year, while the percentage of homes that sold over list price increased significantly. Over 8 out of 10 single family homes sold over asking last month.  While the median sale price for condominiums softened 4 percent compared with last year, the median price per square foot ticked up, and inventory continues to be much lower. National mortgage rates stayed mostly flat last week with FreddieMac reporting, 'Economic growth and the acceleration in inflation have moderated in the last month, giving the markets comfort and leading to a stabilization in mortgage rates. Heading into the fall, home purchase demand is stable, home sales remain firm and above pre-pandemic levels, and inventory of unsold homes is tight but improving modestly. These factors will allow for home price pressures to ease over the remainder of the year.' YEAR-OVER-YEAR COMPARISON SINGLE FAMILY RESIDENCES MONTH-OVER-MONTH COMPARISON SINGLE FAMILY RESIDENCES CHANGE IN PAST MONTH: SALE PRICE -0.1% DAYS ON MARKET +2 DAYS MEDIAN AREA VALUES SINGLE FAMILY RESIDENCES Q2 2021 * Small sample size (n<10); use caution when interpreting results. TOP FIVE SALES IN AUGUST 2021 SINGLE FAMILY RESIDENCES 2219 PACIFIC AVENUE Pacific Heights $6,850,000  $1,398/sq. ft. 5 bed / 5 bath  4,900 sq. ft. 8 SEA CLIFF AVENUE Sea Cliff $6,100,000  $1,423/sq. ft. 5 bed / 4 bath  4,286 sq. ft. 3520 BAKER STREET  Marina $5,800,000  $1,901/sq. ft. 4 bed / 4 bath  3,051 sq. ft. 3878 JACKSON STREET Presidio Heights $6,300,000  $1,367/sq. ft. 4 bed / 4 bath  4,609 sq. ft. 2590 PINE STREET  Lower Pacific Heights $4,999,000  $1,347/sq. ft. 4 bed / 4 bath  3,711 sq. ft. YEAR-OVER-YEAR COMPARISON CONDOMINIUMS/TIC/COOPs MONTH-OVER-MONTH COMPARISON CONDOMINIUMS/TIC/COOPs CHANGE IN PAST MONTH: SALE PRICE -4.1% DAYS ON MARKET -2 DAYS MEDIAN AREA VALUES CONDOMINIUMS/TIC/COOPs Q2 2021 TOP FIVE SALES IN AUGUST 2021 CONDOMINIUMS/TIC/COOPs 706 MISSION STREET #36A Yerba Buena $9,000,000  $2,507/sq. ft. 3 bed/4 bath  3,590 sq. ft. 401 HARRISON STREET #PH48B South Beach $7,600,000  $2,365/sq. ft. 3 bed/4 bath  3,214 sq. ft. 650 DE HARO STREET Potrero Hill $4,600,000  $-/sq. ft. 4 bed/5 bath  - sq. ft. 2190 BROADWAY STREET #7W Pacific Heights $4,519,500  $1,412/sq. ft. 2 bed/3 bath  3,200 sq. ft. 1150 SACRAMENTO ST #501 Nob Hill $3,875,000  $1,497/sq. ft. 2 bed/3 bath  2,589 sq. ft. YEAR-OVER-YEAR COMPARISONS MEDIAN SALE PRICE $1,850,000 +13.8% year-over-year $1,170,000 -4.0% year-over-year MEDIAN MARKET TIME 13 Days No change 19 Days -12 days year-over-year NUMBER OF SALES 250 Properties Sold +2.9% year-over-year 324 Properties Sold +37.3% year–over–year Sources: SFAR MLS, Data from 4/1/2021 - 6/30/2021 was used for neighborhood values. Property types covered: single-family, condominium/TIC/COOP. Only property data posted on the MLS is covered. BMRs and senior housing have been excluded from stats, where possible. All Photos are sourced by the SFAR MLS and owned by their respective brokerages. All information is deemed reliable, but not guaranteed for accuracy. All data is subject to errors, omissions, revisions, and is not warranted. ©2021 Vanguard Properties. All rights reserved. Equal Housing Opportunity. DRE No. 01486075