FEBRUARY 2021 WRAP-UP The San Francisco market is in full swing as we enter the spring selling season. Sales are up across the board and the single family home segment in particular is becoming increasingly competitive. Buyers are doing their homework first and coming to the property well informed and ready to make a quick clean offer if the house fits. Sellers are also now more than ever providing all disclosures up front as well as numerous inspections so that buyers can put forward their best offer. The condominium sector posted a 21% increase in sales from last year and higher than any other February on record. That said, the median sale price decreased 4 percent and the median price per square foot dropped 6.3 percent. There was also a significant drop when comparing the percent of properties that sold over list price and the overall percent of list price received. This is likely due to a combination of factors, including more inventory for buyers to choose from. National mortgage rates hit 3 percent for the first time since July indicating the economy is regaining its footing. FreddieMac reported, 'Since reaching a low point in January, mortgage rates have risen by more than 30 basis points, and the impact on purchase demand has been noticeable. While purchase activity remains high, it has cooled off over the last few weeks and is currently on par with early March, prior to the pandemic. However, the rise in mortgage rates over the next couple of months is likely to be more muted in comparison to the last few weeks, and we expect a strong spring sales season.' YEAR-OVER-YEAR COMPARISON SINGLE FAMILY RESIDENCES MONTH-OVER-MONTH COMPARISON SINGLE FAMILY RESIDENCES CHANGE IN PAST MONTH: SALE PRICE +6.7% DAYS ON MARKET -6 Days MEDIAN AREA VALUES SINGLE FAMILY RESIDENCES Q4 2020 * Small sample size (n<10); use caution when interpreting results. TOP FIVE SALES IN FEBRUARY 2021 SINGLE FAMILY RESIDENCES 150 GLENBROOK AVENUE  Clarendon Heights $17,500,000  $2,352/sq. ft. 6 bed / 8 bath  7,440 sq. ft. 2100 JEFFERSON STREET Marina $12,500,000  $2,083/sq. ft. 5 bed / 5 bath  6,000 sq. ft. 2455 VALLEJO STREET Pacific Heights $9,400,000 5 bed / 6 bath 2889 PACIFIC AVENUE Pacific Heights $7,900,000  $1,082/sq. ft. 6 bed / 7 bath  7,300 sq. ft. 2910 LAKE STREET Sea Cliff $7,000,000  $1,347/sq. ft. 4 bed / 4 bath  5,195 sq. ft. YEAR-OVER-YEAR COMPARISON CONDOMINIUMS/TIC/COOPs MONTH-OVER-MONTH COMPARISON CONDOMINIUMS/TIC/COOPs CHANGE IN PAST MONTH: SALE PRICE +12.7% DAYS ON MARKET -29 days MEDIAN AREA VALUES CONDOMINIUMS/TIC/COOPs Q4 2020 * Small sample size (n<10); use caution when interpreting results. TOP FIVE SALES IN FEBRUARY 2021 CONDOMINIUMS/TIC/COOPs 181 FREMONT #61B Yerba Buena $6,600,000  $2,852/sq. ft. 3 bed/4 bath  2,314 sq. ft. 2121 WEBSTER STREET #PH3 Pacific Heights $5,650,000  $2,560/sq. ft. 3 bed/3 bath  2,207 sq. ft. 401 HARRISON STREET #42C South Beach $3,925,000  $2,023/sq. ft. 3 bed/3 bath  1,940 sq. ft. 2151 LAGUNA STREET #2 Pacific Heights $3,725,000  $1,420/sq. ft. 4 bed/3 bath  2,624 sq. ft. 2304 WASHINGTON STREET #200 Pacific Heights $3,300,000  $1,255/sq. ft. 4 bed/3 bath  2,629 sq. ft. YEAR-OVER-YEAR COMPARISONS MEDIAN SALE PRICE $1,680,000 +4.3% year-over-year $1,211,000 -4.0% year-over-year MEDIAN MARKET TIME 12 Days -2 days year-over-year 35 DAYS +22 days year-over-year NUMBER OF SALES 159 +21.4% year-over-year 256 +51.5% year–over–year PRINTABLE VIEW SEE ALL AVAILABLE REPORTS: Vanguard Properties Market Updates Sources: SFAR MLS, Data from 10/1/2020 - 12/31/2020 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