SF Real Estate Report

SF Real Estate Report

  • Novo Real Estate

Trends at a Glance (Single-family Homes)

  May 24 Apr 24 May 23
Home Sales 217 211 184
Median Price $1,701,000 $1,775,000 $1,650,000
Average Price $2,191,885 $2,396,204 $2,138,057
SP/LP 108.8% 107.5% 104.1%
Days on Market 22 22 28

Trends at a Glance (Lofts/Townhomes/TIC)

  May 24 Apr 24 May 23
Condo Sales 252 189 221
Median Price $1,150,000 $1,080,000 $1,150,000
Average Price $1,383,468 $1,260,484 $1,189,507
SP/LP 103.2% 100.7% 99.9%
Days on Market 44 57 56

Prices Mixed, Sales Up in May

  • The median sales price for single-family homes fell 4.2% in May from April but was up 3.1% year-over-year.
  • The average sales price for single-family homes was down 8.5% month-over-month but up 2.5% year-over-year.
  • Sales of single-family homes rose 17.9% year-over-year, with 217 homes sold last month. The average since 2000 is 214.
  • The median sales price for condos/lofts was flat year-over-year.
  • The average sales price for condos/lofts was up 16.3% year-over-year.

Sales of condos/lofts rose 14% year-over-year, with 252 condos/lofts sold last month. The average since 2000 is 230.

  • The sales price to list price ratio for homes rose from 107.5% to 108.8%. For condos/townhomes, it rose from 100.7% to 103.2%.
  • Average days on market were 22 for homes and 44 for condos/lofts.

Momentum Statistics

Sales momentum:

  • For homes, it rose from –7.9 to –1.5.
  • For condos/lofts, it was down 8 points to –18.

Pricing momentum:

  • For single-family homes, it rose 2.1 points to –0.6.
  • For condos/lofts, it rose 0.4 of a point to –1.1.

Our momentum statistics are based on 12-month moving averages to eliminate monthly and seasonal variations.

If you are planning on selling your property, call us for a complementary comparative market analysis.

For the on-line report, go here:
https://rereport.com/sf/robb/

To read/print the complete monthly report, go here:
https://rereport.com/sdc/print/RobbFleischerSF.pdf

You may need to cut and paste the links into your browser.

Robb Fleischer
AMSI Real Estate Services
2800 Van Ness Avenue
San Francisco, CA 94109
(415) 447-2009
[email protected]
http://www.amsires.com/
CA BRE #01403882

 

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