The San Francisco housing market is running strong as we enter peak season. While the median single family home price ticked down 2% for April 2019 on a year over year basis, the number of homes sold increased a whopping 15% to a total of 219. The median market time is running 2 days higher than last year but still very competitive at 15 days. Nearly three out of four homes sold over their list price, with purchasers paying an average of 12.6% over asking. There are currently 232 single family homes listed for sale in San Francisco, ranging in list price from $670K to $45MM.
YEAR-OVER-YEAR COMPARISON:
SINGLE FAMILY RESIDENCES
MONTH-OVER-MONTH COMPARISON:
SINGLE FAMILY RESIDENCES
CHANGE IN PAST MONTH:
SALE PRICE -2%
DAYS ON MARKET +7%
MEDIAN AREA VALUES:
SINGLE FAMILY RESIDENCES (MOST RECENT QUARTER)
* Small sample size (n<10); use caution when interpreting results.
TOP FIVE SALES IN APRIL 2019:
SINGLE FAMILY RESIDENCES
2900 Vallejo,
Pacific Heights
$27,000,000
$2,783/SQ. FT.
6 bed/8.5 bath
9,702 SQ. FT.
3001 Pacific Ave,
Pacific Heights
$15,850,000
$1,162/SQ. FT.
8 bed/6.5 bath
13,643 SQ. FT.
2324 Pacific Ave,
Pacific Heights
$14,000,000
$1,236/SQ. FT.
8 bed/8.5 bath
11,328 SQ. FT.
2714 Pacific Ave,
Pacific Heights
$11,900,000
$2,414/SQ. FT.
4 bed/4.5 bath
4,930 SQ. FT.
10 Presidio Ter,
Presidio Heights
$9,900,000
$1,687/SQ. FT.
5 bed/4 bath
5,870 SQ. FT.
APRIL 2019 WRAP-UP:
CONDOMINIUMS/TIC/COOPs
Condominium sale prices remain at parity with the same time as last year, but saw a 5% spike in sales. Over half of condominiums sold over their list price, with purchasers paying an average of 5.1% over asking. There are currently 379 condominiums/TIC/COOPs listed for sale (excluding BMRs and senior housing), ranging in price from $488K to $17.5MM.