Thursday, February 11, 2021

Fundamentals -- January sales up in San Francisco, Marin and Sonoma year-over-year

Three of the reports we put together monthly are a series of "fundamentals" for San Francisco, Marin and Sonoma counties.  The reports show the number of sales for the month, average selling prices, days-on-market, premium, and price per square foot.

Here's an example from the San Francisco report.

For San Francisco we report on two configurations of single family homes (2 bedrooms/1 bath, and 3 bedrooms/2 baths) as well as all single family home sales.  For condos (including TICs and co-operatives) we report on three configurations as well as all condo sales.

The color coding indicates whether the numbers are higher (green) or lower (red) compared to the previous month.  It's not a surprise that the number of sales is down in January compared to December.

What is surprising is comparing this January's single family home sales with January 2020 we see a significantly higher number of sales this year vs last year.  In San Francisco its higher by 70% (151 vs 89).  In Marin sales were up 76% (130 vs 74) and in Sonoma sales were up 30% (285 vs 219).

Condo sales in all three counties were also up compared to a year ago.  In San Francisco sales were up 85% (257 vs 139), in Marin sales were up 43% (46 vs 30) and in Sonoma they were up 48% (43 vs 29).

Our fundamentals reports also show inventory (currently active on the market).  Here's an example from the San Francisco report:

In San Francisco inventory of single family homes was up 82% (255 vs 140) compared to early February 2020 and condos were up 99% (760 vs 381).  

In Marin inventory of single family homes was down 20% (152 vs 189) but condos were up 39% (75 vs 54).  

In Sonoma inventory of single family homes for sale was down 25% (486 vs 643) and condos were down 30% (53 vs 75).

These and other reports can be found at our web site: www.boldsf.com/Statistics



No comments:

Post a Comment