FEBRUARY 2019 WRAP-UP

Single-Family Homes

February sale prices of single family homes hit a median of just over $1.5MM, representing a 10% decrease from the same time last year. However, about 4% more homes were sold on a year-over-year basis. Most homes also continue to sell well over asking, with purchasers paying an average of nearly 13% over list price. 

Now is the perfect time for prospective buyers who have been waiting for their opportunity to purchase a home; with many large local companies preparing to go public, and the shortage of new inventory being built, we are likely to see a significant surge in property value in the months ahead. Currently, there are 205 single family homes listed for sale in San Francisco, ranging from $630K to $29MM.

YEAR-OVER-YEAR COMPARISON: SINGLE FAMILY RESIDENCES

YEAR-TO-DATE 2018: SINGLE FAMILY RESIDENCES

 

Condominiums and TIC's

The median sale price for condominiums and TIC remains similar to last year’s number at just under $1.2M. The median market time is leveling out to 18 days, which is slightly more than the same time last year. The number of condominiums and TIC sold this February decreased on a year-over-year basis, likely due to chronically low inventory levels. Over half of condominiums/TIC sold over their list price, with purchasers paying an average of 4.5% over asking. There are currently 380 condominiums/TIC listed for sale (excluding BMRs and senior housing), ranging in price from $495K to $17.5MM.

YEAR-OVER-YEAR COMPARISON: CONDOMINIUMS/TIC

YEAR-TO-DATE 2018: CONDOMINIUMS/TIC


MEDIAN AREA VALUES

 

MEDIAN PROPERTY VALUES - SINGLE FAMILY HOMES

MEDIAN PROPERTY VALUES - CONDOMINIUMS/TIC’s

For past San Francisco market updates, please visit Vanguard Properties' archive.


Top 5 - 2018

 

Top Five Sales: Single-Family Houses

320 Sea Cliff Ave | Sea Cliff   $11,700,000   $2,250/SQ. FT.  4 bed/4.5 bath  5,200 SQ. FT.

320 Sea Cliff Ave | Sea Cliff

$11,700,000

$2,250/SQ. FT.

4 bed/4.5 bath

5,200 SQ. FT.

51 Avila St | Marina   $5,445,000   $1,613/SQ. FT.  4 bed/3.5 bath  3,375 SQ. FT.

51 Avila St | Marina

$5,445,000

$1,613/SQ. FT.

4 bed/3.5 bath

3,375 SQ. FT.

844 Duncan St, Noe Valley   $4,500,000   4 bed/4.5 bath

844 Duncan St,
Noe Valley

$4,500,000

4 bed/4.5 bath

3242 Washington St | Pacific Heights   $4,450,000   $861/SQ. FT.  6 bed/4.5 bath  5,170 SQ. FT.

3242 Washington St | Pacific Heights

$4,450,000

$861/SQ. FT.

6 bed/4.5 bath

5,170 SQ. FT.

2611 Divisadero St | Pacific Heights   $4,380,000   $1,108/SQ. FT.  4 bed/5.5 bath  3,952 SQ. FT.

2611 Divisadero St | Pacific Heights

$4,380,000

$1,108/SQ. FT.

4 bed/5.5 bath

3,952 SQ. FT.

 

Top Five Sales: Condominiums / TIC’s / Coop’s

765 Market St #PH2A | South of Market   $8,400,000   $1,826/SQ. FT.  4 bed/4.5 bath  4,600 SQ. FT.

765 Market St #PH2A | South of Market

$8,400,000

$1,826/SQ. FT.

4 bed/4.5 bath

4,600 SQ. FT.

1100 Sacramento St #708 | Nob Hill   $5,995,000   $2,203/SQ. FT.  3 bed/3 bath  2,721 SQ. FT.

1100 Sacramento St #708 | Nob Hill

$5,995,000

$2,203/SQ. FT.

3 bed/3 bath

2,721 SQ. FT.

765 Market St #30D | South of Market   $5,600,000   $2,062/SQ. FT.  3 bed/3 bath  2,716 SQ. FT.

765 Market St #30D | South of Market

$5,600,000

$2,062/SQ. FT.

3 bed/3 bath

2,716 SQ. FT.

1438 Jefferson St | Marina   $4,833,000   $1,532/SQ. FT.  3 bed/3.5 bath  3,154 SQ. FT.

1438 Jefferson St | Marina

$4,833,000

$1,532/SQ. FT.

3 bed/3.5 bath

3,154 SQ. FT.

1436 Jefferson St | Marina   $4,117,000   $1,345/SQ. FT.  3 bed/4.5 bath  3,060 SQ. FT.

1436 Jefferson St | Marina

$4,117,000

$1,345/SQ. FT.

3 bed/4.5 bath

3,060 SQ. FT.