NOVEMBER 2021 WRAP-UP November and December typically see the market slowdown significantly for the holidays. We will be sending out our 2021 Year In Review in January, which will look back at what has been one of the highest demand markets in history. Last month, single-family residences recorded significant yearly increases in median sale price and median price per square foot. Roughly eight-out-of-ten homes sold over list price. Condominiums also saw large spikes in these yearly key metrics. National mortgage rates remained relatively flat last week, with FreddieMac reporting, 'Mortgage rates continue to remain stable notwithstanding volatility in the financial markets. The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty. This low mortgage rate environment offers favorable conditions for refinancing.' YEAR-OVER-YEAR COMPARISON SINGLE FAMILY RESIDENCES MONTH-OVER-MONTH COMPARISON SINGLE FAMILY RESIDENCES CHANGE IN PAST MONTH: SALE PRICE +3.4% DAYS ON MARKET No Change MEDIAN AREA VALUES SINGLE FAMILY RESIDENCES Q3 2021 * Small sample size (n<10); use caution when interpreting results. TOP FIVE SALES IN NOVEMBER 2021 SINGLE FAMILY RESIDENCES 3498 JACKSON ST Presidio Heights $12,250,000 $1,919/sq. ft. 7 bed / 8 bath 6,385 sq. ft. 2328-2330 NORTH POINT ST Marina $9,800,000 $1,911/sq. ft. 4 bed / 6 bath 5,128 sq. ft. 2250 JACKSON STREET Pacific Heights $7,399,888 $1,866/sq. ft. 4 bed / 4 bath 3,966 sq. ft. 2775 GREEN ST Cow Hollow $8,650,000 $1,767/sq. ft. 5 bed / 5 bath 4,895 sq. ft. 3625 JACKSON ST Presidio Heights $7,750,000 $1,819/sq. ft. 6 bed / 6 bath 4,260 sq. ft. YEAR-OVER-YEAR COMPARISON CONDOMINIUMS/TIC/COOPs MONTH-OVER-MONTH COMPARISON CONDOMINIUMS/TIC/COOPs CHANGE IN PAST MONTH: SALE PRICE +3.2% DAYS ON MARKET +6 DAYS MEDIAN AREA VALUES CONDOMINIUMS/TIC/COOPs Q3 2021 * Small sample size (n<10); use caution when interpreting results. TOP FIVE SALES IN NOVEMBER 2021 CONDOMINIUMS/TIC/COOPs 2500 STEINER STREET #6 Pacific Heights $15,500,000 $4,429/sq. ft. 4 bed/4 bath 3,500 sq. ft. 1 STEUART LANE #2004 Waterfront $11,500,000 $4,442/sq. ft. 3 bed/3 bath 2,589 sq. ft. 1750 TAYLOR STREET #1601 Russian Hill $11,250,000 $3,091/sq. ft. 3 bed/4 bath 3,640 sq. ft. 1750 TAYLOR STREET #2201 Russian Hill $9,000,000 $-/sq. ft. 3 bed/3 bath - sq. ft. 1515 UNION STREET #PH1 Cow Hollow $7,375,000 $3,660/sq. ft. 3 bed/3 bath 2,015 sq. ft. YEAR-OVER-YEAR COMPARISONS MEDIAN SALE PRICE $1,894,444 +15.7% year-over-year $1,290,000 +10.1% year-over-year MEDIAN MARKET TIME 13 Days -5 day year-over-year 24 Days -17 days year-over-year NUMBER OF SALES 286 Properties Sold +0.7% year-over-year 404 Properties Sold +18.5% year–over–year Sources: SFAR MLS, Data from 7/1/2021 - 9/30/2021 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