APRIL 2021 WRAP-UP Last month, there were more residential sales in San Francisco than any other month on record. Many local vendors that provide staging, inspections, contract work, etc., are booked solid with no slowdown in sight. This flurry of activity has had differing affects on each segment of the market.  in April, single family homes reached a median sale price of $1,800,000; the highest ever in recorded history. Three out of four properties sold over asking with the average closing price being 13.9 percent higher than the list price.  While there were nearly 300 percent more condominium sales last month compared with April 2020, the sector continues to post lower numbers on most other key metrics. This is good news for potential buyers as several exciting new projects have recently begun sales. Among them is Yerba Buena Island's latest community of ultra luxurious residences. National mortgage rates - "After a run up over the first few months of the year, rates have paused and hovered around three percent since March. Despite this favorable rate climate, there remains a shortage of homes for sale. The lack of housing supply has been compounded by labor disruptions and expensive building materials that are driving up the cost of new housing, making it difficult for homebuyers to find homes to purchase."  CONTINUE READING ON FREDDIEMAC YEAR-OVER-YEAR COMPARISON SINGLE FAMILY RESIDENCES MONTH-OVER-MONTH COMPARISON SINGLE FAMILY RESIDENCES CHANGE IN PAST MONTH: SALE PRICE +1.2% DAYS ON MARKET -1 day MEDIAN AREA VALUES SINGLE FAMILY RESIDENCES Q1 2021 * Small sample size (n<10); use caution when interpreting results. TOP FIVE SALES IN APRIL 2021 SINGLE FAMILY RESIDENCES 2590 GREEN STREET  Pacific Heights $19,500,000  $2,222/sq. ft. 5 bed / 8 bath  8,776 sq. ft. 1848 GREEN STREET Pacific Heights $13,000,000  $1,807/sq. ft. 6 bed / 6 bath  7,195 sq. ft. 3414 WASHINGTON STREET Presidio Heights $24,950,000  $2,794/sq. ft. 6 bed / 8 bath  8,930 sq. ft. 2427 GREEN STREET Pacific Heights $8,880,000  $-/sq. ft. 4 bed / 4 bath  - sq. ft. 3030 PACIFIC AVENUE Pacific Heights $8,600,000  $1,529/sq. ft. 7 bed / 5 bath  5,625 sq. ft. YEAR-OVER-YEAR COMPARISON CONDOMINIUMS/TIC/COOPs MONTH-OVER-MONTH COMPARISON CONDOMINIUMS/TIC/COOPs CHANGE IN PAST MONTH: SALE PRICE -0.7% DAYS ON MARKET -1 day MEDIAN AREA VALUES CONDOMINIUMS/TIC/COOPs Q1 2021 TOP FIVE SALES IN APRIL 2021 CONDOMINIUMS/TIC/COOPs 1940 BROADWAY #4 Pacific Heights $6,300,000  $1,823/sq. ft. 3 bed/4 bath  3,456 sq. ft. 1020 VALLEJO STREET #1 Russian Hill $5,800,000  $1,892/sq. ft. 2 bed/2 bath  3,065 sq. ft. 2121 WEBSTER STREET #PH2 Pacific Heights $5,395,000  $2,484/sq. ft. 3 bed/2 bath  2,172 sq. ft. 488 FOLSOM STREET #4901 South Beach $4,625,000  $2,142/sq. ft. 3 bed/4 bath  2,159 sq. ft. 2206 GREEN STREET Pacific Heights $3,995,000  $1,556/sq. ft. 3 bed/3 bath  2,567 sq. ft. YEAR-OVER-YEAR COMPARISONS MEDIAN SALE PRICE $1,800,000 +12.1% year-over-year $1,212,000 -5.1% year-over-year MEDIAN MARKET TIME 10 Days -3 days year-over-year 25 Days +9 days year-over-year NUMBER OF SALES 287 Properties Sold +137.2% year-over-year 431 Properties Sold +284.8% year–over–year PRINTABLE VIEW Sources: SFAR MLS, Data from 1/1/2021 - 3/31/2021 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 View This Email in Your Browser